Submission of Voting Results of the Postal Ballot along with the Scrutinizer''s Report
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Awaiting price reaction for this filing.
Sobhagya Mercantile Ltd has submitted postal ballot voting results for one ordinary resolution seeking approval for material related party transactions with MKS Constro-Venture Private Limited. Remote e-voting was conducted from May 21, 2025 to June 20, 2025, with 1,264 shareholders on record holding 8.4 million equity shares in total. Promoters holding 6,301,299 shares (about 75% of total) abstained from voting because they are related parties to the transaction. Only public non-institutional shareholders participated, casting 703,686 valid votes — all 100% in favour and zero against, giving 33.52% polling of the public holding. The scrutinizer PDTS and Associates confirmed the resolution was passed with the requisite majority.
The approval clears the way for Sobhagya Mercantile to enter into material related party transactions with MKS Constro-Venture Pvt Ltd, a privately held construction-related entity. With zero dissenting votes from participating public shareholders, there is no minority pushback, though investors should monitor the terms and disclosures of these transactions since the promoter group abstained as a conflicted party.