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Sobhagya Mercantile Ltd has issued a corrigendum to its earlier Board Meeting outcome filed on 16th May 2025, correcting an error in the Audited Statement of Assets and Liabilities. The error was in comparative figures for FY24: Property, Plant and Equipment was wrongly reported as Rs. 37.98 lakhs instead of the correct Rs. 134.97 lakhs, and Total Assets were wrongly reported as Rs. 8,603.14 lakhs instead of Rs. 8,700.13 lakhs. The error was caused by an incorrect cell linking in the Excel working file during preparation. The company has confirmed that this correction does not affect any other audited numbers or disclosures. The corrected balance sheet shows Total Assets nearly doubling from Rs. 8,700.13 lakhs (FY24) to Rs. 17,255.12 lakhs (FY25), with trade receivables rising sharply from Rs. 1,911 lakhs to Rs. 10,724 lakhs.
This is a minor technical correction limited to prior-year comparative figures and does not change the FY25 results. Shareholders need not be alarmed as the company has confirmed no other audited numbers are impacted, though the sharp rise in trade receivables and total assets year-on-year is worth noting.