Please find enclosed transactions approved in the Board Meeting of the company held on 02.09.2025.
SONAL · price
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The board of Sonal Mercantile Ltd held a meeting on September 2, 2025 and approved several items. The 40th Annual General Meeting is scheduled for September 30, 2025 at 11:00 AM through video conferencing, with e-voting open from September 27 (9:00 AM) to September 29 (5:00 PM). The Register of Members and Share Transfer Books will be closed from September 24 to September 30, 2025. Mr. Pardeep Kumar has been re-appointed as Independent Director for a second 5-year term (September 9, 2025 to September 8, 2030), while Mr. Munish Kumar Garg will cease to be an Independent Director on September 8, 2025 after completing his first 5-year term. Mr. Akash Bhardwaj has been appointed as a new Independent Director for 5 years from September 9, 2025. The board also appointed Mr. Nitin Gupta as Secretarial Auditor for a 5-year period from FY 2025-26 to FY 2029-30, and reconstituted its Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management Committees.
This is a routine governance update with no impact on financials or operations. Shareholders should note the AGM date (September 30, 2025), the book closure period (September 24-30, 2025) during which share transfers will not be processed, and the e-voting cut-off date of September 23, 2025 to be eligible to vote. Director changes are largely a like-for-like board renewal and unlikely to affect the stock price.