Sobhagya Mercantile Ltd has postponed its Board meeting originally scheduled for December 19, 2025, to January 5, 2026. The agenda included considering a preferential issue of equity shares for fund raising under SEBI’s ICDR regulations. The company also announced the continuation of its trading window closure as per insider trading norms.
Sobhagya Mercantile Ltd has notified the exchanges that its Board meeting, initially slated for Friday, December 19, 2025, will now be held on Monday, January 5, 2026. The meeting was expected to deliberate on a key fundraising plan through a preferential issue of equity shares, aligned with Chapter V of SEBI (ICDR) Regulations, 2018, and other applicable provisions of the Companies Act, 2013.
According to the filing, the proposal aims to raise funds in one or more tranches, with pricing and terms to be determined by the Board or a duly constituted committee. The approval process will remain subject to necessary shareholder and statutory clearances.
Meanwhile, the trading window for designated persons remains closed from December 15, 2025, until 48 hours after the public disclosure of the Board’s decision, in line with SEBI’s Prohibition of Insider Trading Regulations, 2015.
Key Highlights / Major Takeaways
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Board meeting postponed to January 5, 2026, from December 19, 2025, due to unavoidable circumstances.
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Agenda includes fundraising via preferential allotment of equity shares under SEBI ICDR norms.
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Trading window closed for insiders and connected persons until 48 hours after outcome disclosure.
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Fundraising to proceed subject to regulatory, statutory, and shareholder approvals.
Source: BSE Corporate Announcements