Sobhagya Mercantile Ltd. to Issue Convertible Warrants to Non-Promoters
Mumbai – March 23, 2026 – Sobhagya Mercantile Ltd. announced that its Board of Directors approved the issuance of 13,01,000 convertible warrants to Non-Promoters on a preferential basis. The move aims to raise additional capital for the company.The warrants will be issued at a price of Rs. 674.49 each, with a face value of Rs. 10 and a premium of Rs. 664.49. This transaction is expected to generate Rs. 87,75,11,490 for the company. Allottees will be required to pay 25% of the warrant issue price at the time of allotment.
The key details of the preferential allotment are as follows:
| Particulars | Disclosure | |
|---|---|---|
| Type of Securities | Convertible Warrants | |
| Type of Issuance | Preferential Allotment | |
| Total Number of Securities | 13,01,000 | |
| Investors | ||
| Name of Proposed Allottees | Category | Number of Convertible Warrants |
| Nova Global Opportunities Fund PCC- Touchstone | Non Promoter | 6,50,500 |
| Zeal Global Opportunities Fund | Non Promoter | 6,50,500 |
| Issue Price | Rs. 674.49 each | |
| Conversion Terms | Each warrant is convertible into one equity share within 18 months from the date of allotment. |
The company also disclosed that it approved material related party transactions with Nag Ham 182 Highway Private Limited, Nag Ham 183 Highway Private Limited and Kitadi Torgaon Highway Private Limited.
An Extraordinary General Meeting (EGM) has been scheduled for April 20, 2026, at 11:30 A.M. to obtain shareholder approval for these matters. The meeting will be conducted through video conferencing and other audio-visual means. The record date for determining voting eligibility is April 13, 2026. PDTS and Associates has been appointed as the scrutinizer for the e-voting process.
Shrikant Mitesh Bhangdiya, Managing Director, provided the information.
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