Submission of Newspaper Advertisement of the Postal Ballot Notice
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Awaiting price reaction for this filing.
Sobhagya Mercantile Ltd has shared copies of its newspaper advertisement about a Postal Ballot Notice with BSE. The ad was published on 21st May 2025 in Business Standard (English, Mumbai edition) and Mumbai Lakshdeep (Marathi, Mumbai edition). The Postal Ballot asks shareholders to approve a Material Related Party Transaction with MKS Constro-Venture Private Limited through an Ordinary Resolution. Voting is happening electronically through NSDL, starting 21st May and closing on 20th June 2025, with results expected by 23rd June 2025. The record date for deciding who can vote is 16th May 2025, and M/s PDTS and Associates has been named as the independent scrutinizer.
Shareholders need to cast their electronic vote on this related party transaction approval before 20th June 2025. Approval will allow the company to proceed with material dealings with MKS Constro-Venture Pvt Ltd; rejection would block such transactions. The outcome is a governance signal but is unlikely to move the stock price materially on its own.