Submission of Notice of 40th Annual General Meeting of the Members of the Company to be held on Tuesday, 30th September, 2025 at 11:00 A.M. IST through Video Conferencing (''VC'') / Other ....
SONAL · price
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Sonal Mercantile Ltd has submitted the notice for its 40th Annual General Meeting scheduled for Tuesday, September 30, 2025 at 11:00 AM, to be held via Video Conferencing/Other Audio Visual Means. The Chairman's message reports a profit after tax of Rs. 1,070.13 Lakhs for FY 2024-25. The company operates in lending (inter-corporate loans, personal loans, trade financing, bills discounting) and trading in shares & securities and arbitrage. Key business to be transacted includes adoption of FY25 financial statements, re-appointment of Mr. Rajan Goyal as director (retire by rotation), approval of material related party transactions with Rudraveerya Developers Ltd (associate company) up to Rs. 200 crore for FY 2026-27, 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 for 5 years, and appointment of Mr. Nitin Gupta as Secretarial Auditor for 5 years. Remote e-voting runs from September 27 to September 29, 2025, with cut-off date of September 23, 2025.
Shareholders should review the Rs. 200 crore related party transaction with Rudraveerya Developers Ltd, which is significant relative to the company's scale, and the director appointments/re-appointments. The reported FY25 PAT of Rs. 10.70 crore provides a baseline for evaluating the company's performance. Voting through remote e-voting is open between September 27-29, 2025.