Re-appointment of M/s Joshi & Shah, Chartered Accountants (Firm Registration No. 144627W), Mumbai, as Statutory Auditor of the Company
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Sobhagya Mercantile Ltd's board met on 14th August 2025 and approved the unaudited IND-AS compliant standalone financial results for Q1 FY26 (quarter ended 30th June 2025) along with the limited review report. The board approved the re-appointment of Mr. Shrikant Mitesh Bhangdiya as Managing Director for a fresh 5-year term from 5th December 2025 to 4th December 2030, subject to shareholder approval. The board also re-appointed M/s Joshi & Shah, Chartered Accountants as Statutory Auditor for a second 5-year term, from the 41st AGM to the 46th AGM. The 41st Annual General Meeting is scheduled for 29th September 2025 via video conferencing, with e-voting cut-off date set as 22nd September 2025.
These are routine corporate governance announcements — continuity in leadership (MD) and audit. No material change in business direction or financials is indicated. Shareholders should watch for the Q1 FY26 results for actual performance data.