Enclosed proceedings of 40th Annual General Meeting of the company.
SONAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sonal Mercantile Ltd held its 40th AGM on September 30, 2025 via video conferencing from 11:00 AM to 11:17 AM. Six resolutions were transacted, including adoption of audited financial statements (standalone and consolidated) for FY 2024-25 and re-appointment of Mr. Rajan Goyal (DIN: 02600825) as a director retiring by rotation. Members approved omnibus material related party transactions with associate company Rudraveerya Developers Ltd worth up to ₹200 crore for FY 2026-27. Mr. Pardeep Kumar (DIN: 08862414) was reappointed as Independent Director for a second 5-year term ending September 8, 2030, while Mr. Akash Bhardwaj (DIN: 11268343) was newly appointed as Independent Director for 5 years. Mr. Nitin Gupta of M/s Nitin Gupta & Associates was appointed as the new Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. Combined voting results were to be announced within 48 hours of meeting conclusion.
Routine AGM proceedings with no major surprises — the key items to watch are the ₹200 crore related party transaction with associate Rudraveerya Developers Ltd for FY 2026-27, the appointment of a new Independent Director, and the change in Secretarial Auditor. These are largely governance-related and unlikely to drive immediate stock price action, though shareholder watchdogs may scrutinize the large RPT.