Submission of Postal Ballot Notice
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sobhagya Mercantile Limited has filed a Postal Ballot Notice seeking shareholder approval for material related party transactions with MKS Constro-Venture Private Limited for FY 2026-27. The proposal covers sale of goods and services up to Rs. 300 crore and unsecured loans up to Rs. 75 crore, aggregating to Rs. 375 crore over a 2-year period, passed via Ordinary Resolution. The sale portion alone equals 129.03% of the company's annual consolidated turnover, classifying it as a material RPT under SEBI rules, while the loan portion equals 32.26% of turnover. Managing Director Shrikant Mitesh Bhangdiya has a direct interest in the transaction, and the related party is barred from voting on this resolution. E-voting runs from June 4 to July 3, 2026, with results expected by July 6, 2026.
Shareholders should review the terms carefully as the Managing Director has a personal interest and the transaction size significantly exceeds the company's own turnover. The Rs. 75 crore unsecured loan, repayable on demand and intended for the related party's working capital, carries credit risk that investors should weigh against the claimed benefit of better pricing.