Key Quantitative Figures

  • Transaction Value: Aggregate maximum limit of ₹375 crores during FY 2026-27
  • Breakdown: ₹300 crores for sale of goods and services, ₹75 crores for advancing loans
  • Previous Transactions: FY 2025-26 included ₹1.87 crore for sale of goods/services and ₹1.65 crore for loans/advances
  • Related Party Financials: MKS Constro-Venture reported FY 2025-26 turnover of ₹904.54 crore, PAT of ₹265.20 crore, and net worth of ₹3,729.38 crore

Dates and Timelines

  • Cut-off Date: 29th May, 2026
  • Remote e-Voting Start: 4th June, 2026 at 09:00 AM IST
  • Remote e-Voting End: 3rd July, 2026 at 05:00 PM IST
  • Scrutinizer Report Submission: On or before 6th July, 2026
  • Results Announcement: On or before 6th July, 2026

Parties Involved

  • Related Party: MKS Constro-Venture Private Limited (Infrastructure Development business)
  • Scrutinizer: M/s PDTS and Associates, Company Secretaries
  • E-Voting Agency: National Securities Depository Limited (NSDL)
  • RTA: Purva Sharegistry (I) Private Limited

Purpose and Rationale

The proposed transactions are justified as:

  • Aiding the growth of the Company's business
  • Offering better prices compared to outsiders for sale of goods/services
  • Providing better terms than market or banks for advancing loans

Voting Details

  • Resolution Type: Ordinary Resolution
  • Voting Method: Remote e-voting only through NSDL
  • Voting Rights: Proportional to paid-up equity share capital as on cut-off date
  • Excluded Voters: Related parties cannot vote on this resolution

Transaction Details

  • Tenure: 2 years
  • Approval Type: Omnibus approval sought
  • Basis of Pricing: Mutual agreement
  • Source of Funds: Business reserves for loans
  • Loan Terms: Unsecured, on-demand repayment
  • Purpose of Funds: Working capital fulfillment for related party

Materiality Assessment

  • Represents 129.03% of company's annual consolidated turnover (based on proposed sale of goods/services)
  • Represents 32.26% of company's annual consolidated turnover (based on proposed loan)
  • Represents 33.17% of related party's annual turnover (sale of goods/services)
  • Represents 8.29% of related party's annual turnover (loan)

Governance Approvals

  • Audit Committee has reviewed management certificates and approved the transactions
  • Board of Directors recommends the resolution to shareholders
  • Mr. Shrikant Mitesh Bhangdiya (Managing Director) is interested in the transaction

Document Availability

The Postal Ballot Notice is available on:

  • Company website: www.sobhagyaltd.com
  • NSDL website: www.evoting.nsdl.com
  • BSE website: www.bseindia.com