Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
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Sobhagya Mercantile Ltd's board, at a meeting held on 26 September 2025, approved raising additional capital of up to Rs. 125 crores through the issuance of securities. The mode of issuance will be as permitted under applicable laws, and the proposal is subject to necessary regulatory and statutory approvals, including shareholder approval. The board meeting ran from 4:00 PM to 5:10 PM. The disclosure was filed with BSE under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. The filing is signed by Managing Director Shrikant Mitesh Bhangdiya.
Existing shareholders may face potential equity dilution once the capital raise is carried out, pending shareholder and other approvals. The final impact on the stock will depend on the use of the raised funds, the pricing of the securities, and the timing of the issuance.