Submission of Voting Results with Consolidated Scrutinizer''s Report of the Extra-Ordinary General meeting of Sobhagya Mercantile Limited held on Monday, 02nd February, 2026 at 04:00 p.m.
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Sobhagya Mercantile Ltd held an Extra-Ordinary General Meeting on February 2, 2026, through video conferencing, to seek shareholder approval for issuing Convertible Warrants on a Preferential Allotment Basis. The resolution was passed as a Special Resolution with overwhelming support — 7,455,499 votes (99.9999%) in favor versus just 4 votes against. Promoter group fully supported the proposal (6,299,919 shares voted 100% in favor), while 55.03% of public non-institutional shares were polled, with 99.9997% voting in favor. Out of 1,386 shareholders on the record date, 36 cast votes electronically. The meeting was brief, running from 4:00 PM to 4:31 PM.
The approval allows the company to issue convertible warrants on a preferential basis, which is a fundraising move that may lead to dilution of existing shareholders once warrants are converted into equity. Promoter backing was unanimous, signaling confidence, but retail shareholders should watch for the terms of the allotment (price, number of warrants, and conversion ratio) for its effect on share value.