Announced Mon, 6 Jul · 18:35 IST
Postal Ballot Result: Related Party Transaction with MKS Constro Approved
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹879.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.3+1.0+2.6-0.7+2.2+2.5+1.1———
Up moveDown movePending
AI summary
Sobhagya Mercantile shareholders approved a Material Related Party Transaction with MKS Constro-Venture Pvt Ltd via postal ballot (e-voting 4 Jun to 3 Jul 2026). Promoters holding 62,99,919 shares were interested and abstained from voting. Of 97,48,500 total shares, only 5,79,258 votes (5.94%) were polled by 21 public shareholders. The resolution passed with 99.9984% in favor versus just 9 votes against.
Likely market impact
Related party transaction cleared with near-unanimous public support. Turnout was low at 5.94% since interested promoters abstained from voting.