Submission of Annual Report for the financial year 2024-25 along with Notice of the 41st Annual General Meeting ('AGM') of the Company
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Sobhagya Mercantile Ltd submitted its Annual Report for FY 2024-25 along with the Notice convening its 41st Annual General Meeting on Monday, 29th September 2025 at 11:00 AM via video conferencing. The company reported strong growth: revenue from operations jumped 36.49% to ₹15,728.42 lakhs, EBITDA surged 70.23% to ₹2,240.27 lakhs, and profit after tax rose 34.09% to ₹1,553.08 lakhs versus FY24. The company operates across infrastructure construction, engineering consultancy, mining (including the Marki Mangli-IV coal block), equipment leasing, and is setting up an integrated steel plant at Gadchiroli, Maharashtra. Business at the AGM includes adopting financial statements, re-appointing a director and statutory auditors (M/s Joshi & Shah for a second 5-year term), re-appointing Managing Director Mr. Shrikant Mitesh Bhangdiya for another five years (Dec 2025 to Dec 2030), and appointing M/s PDTS & Associates as secretarial auditors for five years. E-voting opens 26th September and closes 28th September 2025.
The strong revenue and profit growth, combined with expansion into steel manufacturing and active mining operations, signals improving fundamentals and could be viewed positively by shareholders. Re-appointment of the Managing Director and auditors ensures leadership and audit continuity at the upcoming AGM.