Pursuant to Regulation 30 and other relevant Regulations of the SEBI (LODR) Regulation, 2015 - Completion of tenure of Independent Director.
SONAL · price
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Sonal Mercantile Ltd's board, at its September 2, 2025 meeting, approved the 40th AGM notice for September 30, 2025 (via video conferencing), along with the Board Report, MD&A, and Corporate Governance report for FY ending March 31, 2025. The register of members will be closed from September 24 to September 30, 2025, with e-voting open from September 27 to 29, 2025. Mr. Munish Kumar Garg will cease to be an Independent Director on September 8, 2025, after completing one consecutive 5-year term. Mr. Pardeep Kumar was re-appointed as Independent Director for a second 5-year term (Sept 9, 2025 to Sept 8, 2030), and Mr. Akash Bhardwaj was appointed as a new Additional Independent Director for 5 years. Mr. Nitin Gupta was appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30, and all four board committees were reconstituted effective September 9, 2025.
Routine governance reshuffle ahead of the AGM — one Independent Director exits on natural term completion while two others continue, so there is no material disruption to the board or shareholder value. The appointments and re-appointments remain subject to shareholder approval at the upcoming AGM.