SOBHAGYA MERCHANTILE LTD.

Operates two named segments — Engineering and Metal Sale (Stone Crusher) — within a diversified commercial services classification. The Engineering Segment delivers construction and infrastructure contracts; the company's 40%-owned joint venture M/s Adyal L.I.S. recently secured a Rs 260.53 crore, 33-month order from Vidarbha Irrigation Development Corporation to build the Adyal Lift Irrigation Scheme in Chandrapur, Maharashtra. The Metal Sale (Stone Crusher) Segment sells crushed stone/aggregate, with quarterly revenue of Rs 9.75 crore in Q4 FY26 versus Rs 71.75 crore for Engineering in the same quarter. Beyond these operating segments, the company has incorporated Vadakhol Asoli Mining Private Limited (60% stake) to mine nickel, chromium and cobalt under a Letter of Award from Assam Mineral Development Corporation, and has invested preferential-issue proceeds of Rs 78.53 crore into promoter-group SPVs running HAM road projects. The FY26 cost base is dominated by materials at 36.6% of revenue and other operating expenses at 47.5%, with employee cost at 2.2% and depreciation at 0.1%, indicating a sub-contracted, asset-light operating model. FY26 revenue stood at Rs 232.50 crore with net profit of Rs 22.04 crore.