Submission of 40th Annual Report along with Notice of Annual General Meeting for the Financial Year 2024-2025.
SONAL · price
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Sonal Mercantile Limited has filed its 40th Annual Report for FY 2024-25 along with the AGM notice. The company, which operates as an NBFC providing loans, inter-corporate deposits, personal loans, trade financing, and trading in shares & securities, reported a profit after tax of Rs. 1,070.13 lakhs for the year. The 40th AGM is scheduled for September 30, 2025 at 11:00 AM via video conferencing. Key business items include adoption of financial statements, re-appointment of Mr. Rajan Goyal (retiring by rotation), approval of a material related party transaction of up to Rs. 200 crore with associate company Rudraveerya Developers Ltd for FY 2026-27 (inter-corporate loans at arm's length), re-appointment of Mr. Pardeep Kumar as Independent Director for a second 5-year term, appointment of Mr. Akash Bhardwaj as a new Independent Director, and appointment of Mr. Nitin Gupta as Secretarial Auditor for 5 years. The company is listed on BSE (Scrip Code: 538943) and holds RBI registration as an NBFC.
The Rs. 200 crore material related party transaction with an associate company is the most notable item, requiring shareholder approval and warranting scrutiny of the terms. Profit of Rs. 10.70 crore indicates the NBFC is operationally profitable. For most retail shareholders, the AGM items are routine governance matters, though the large RPT cap is worth attention.