General information about company
Scrip code	538943
NSE Symbol	na
MSEI Symbol	na
ISIN	INE321M01017
Name of the company	SONAL MERCANTILE LIMITED
Type of meeting	AGM
Date of the meeting / last day of receipt of postal ballot forms (in case of Postal Ballot)	30-09-2023
Start time of the meeting	11:00 am
End time of the meeting	11:15 am

Scrutinizer Details
Name of the Scrutinizer	NITIN GUPTA
Firms Name	NITIN GUPTA AND ASSOCIATES
Qualification	CS
Membership Number	35299
Date of Board Meeting in which appointed	30-05-2023
Date of Issuance of Report to the company	30-09-2023

Voting results
Record date	23-09-2023
Total number of shareholders on record date	2070
No. of shareholders present in the meeting either in person or through proxy
a) Promoters and Promoter group	0
b) Public	0
No. of shareholders attended the meeting through video conferencing
a) Promoters and Promoter group	0
b) Public	52
No. of resolution passed in the meeting	5
Disclosure of notes on voting results

Resolution(1)
Resolution required: (Ordinary / Special)				Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?				No
Description of resolution considered				To receive, consider and adopt the Audited Financial Statements (Standalone as well as Consolidated) of the Company for the year ended March 31, 2023, along with the reports of the Board of Directors and the Auditors thereon.
Category	Mode of voting	No. of shares held	No. of votes polled	% of Votes polled on outstanding shares	No. of votes – in favour	No. of votes – against	% of votes in favour on votes polled	% of Votes against on votes polled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
Promoter and Promoter Group	E-Voting	3672396	3672396	100	3672396	0	100	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	3672396	3672396	100	3672396	0	100	0
Public- Institutions	E-Voting	0	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	0	0	0	0	0	0	0
Public- Non Institutions	E-Voting	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
Total		14738525	12240916	83.0539	12240901	15	99.9999	0.0001
Whether resolution is Pass or Not.							Yes
Disclosure of notes on resolution

Details of Invalid Votes
Category		No. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions

Resolution(2)
Resolution required: (Ordinary / Special)				Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?				Yes
Description of resolution considered				To appoint a Director in place of Mr. Rajan Goyal (DIN: 02600825) who retires by rotation & being eligible offers himself for reappointment as a Director of the Company.
Category	Mode of voting	No. of shares held	No. of votes polled	% of Votes polled on outstanding shares	No. of votes – in favour	No. of votes – against	% of votes in favour on votes polled	% of Votes against on votes polled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
Promoter and Promoter Group	E-Voting	3672396	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	3672396	0	0	0	0	0	0
Public- Institutions	E-Voting	0	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	0	0	0	0	0	0	0
Public- Non Institutions	E-Voting	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
Total		14738525	8568520	58.1369	8568505	15	99.9998	0.0002
Whether resolution is Pass or Not.							Yes
Disclosure of notes on resolution

Details of Invalid Votes
Category		No. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions

Resolution(3)
Resolution required: (Ordinary / Special)				Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?				No
Description of resolution considered				To consider and, if thought fit, to pass the following Resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Regulations 23 (3) & (4) and other applicable Regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), as amended from time to time, and other applicable provisions of the Companies Act, 2013 (‘Act’) read with the Rules framed thereunder [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] and other applicable laws / statutory provisions, if any, as may be required and based on the recommendation of the Audit Committee, consent of the Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the ‘Board’, which term shall be deemed to include the Audit Committee to the omnibus approval of Material Related Party Transaction(s) / Contract(s) / Arrangement(s) / Agreement(s) entered into / proposed to be entered into (whether by way of an individual transaction or transactions taken together or a series of transactions or otherwise), between the Company and Rudraveerya Developers Ltd an associate Company on such terms and conditions as may be mutually agreed for an aggregate value not exceeding Rs. 200 crore , during each of the financial year 2023-24 and 2024-25, on the terms and conditions as set out in the explanatory statement annexed to this notice and that such transactions already undertaken by the Company with aforesaid related parties during such period also be and is hereby ratified provided that such transaction(s)/ contract(s) / arrangement(s) / agreement(s) is being carried out at an arm’s length pricing basis and in the ordinary course of business. RESOLVED FURTHER THAT the Board of Directors of the Company (including its Committee thereof), be and is hereby authorized to do all such acts, deeds, matters and things as may be considered necessary, desirable or expedient to give effect to this Resolution.”
Category	Mode of voting	No. of shares held	No. of votes polled	% of Votes polled on outstanding shares	No. of votes – in favour	No. of votes – against	% of votes in favour on votes polled	% of Votes against on votes polled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
Promoter and Promoter Group	E-Voting	3672396	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	3672396	0	0	0	0	0	0
Public- Institutions	E-Voting	0	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	0	0	0	0	0	0	0
Public- Non Institutions	E-Voting	11066129	4922885	44.4861	4922870	15	99.9997	0.0003
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	11066129	4922885	44.4861	4922870	15	99.9997	0.0003
Total		14738525	4922885	33.4015	4922870	15	99.9997	0.0003
Whether resolution is Pass or Not.							Yes
Disclosure of notes on resolution

Details of Invalid Votes
Category		No. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions

Resolution(4)
Resolution required: (Ordinary / Special)				Ordinary
Whether promoter/promoter group are interested in the agenda/resolution?				Yes
Description of resolution considered				To consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT in accordance with the provisions of Sections 196, 197, 198, 203 and all other applicable provisions of the Companies Act, 2013 read with Schedule V of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended and rules made thereunder, (including any statutory modification(s) or re-enactment thereof, for the time being in force) approval of the Members of the Company be and is hereby accorded to the re-appointment of Shri Vikram Goyal (DIN:00381115) as Whole time Director of the Company for the second term of five (5) years with effect from 23rd November, 2023 (date of reappointment) upto 22nd November, 2028 on the terms and conditions including remuneration not exceeding 6 lakhs per annum and other perquisites and allowances as set out in the explanatory statement annexed to the Notice convening this meeting, with liberty to the Board of Directors to alter and vary the terms and conditions of the said re-appointment in such manner as may be agreed between the Board of Directors and Shri Vikram Goyal. RESOLVED FURTHER THAT the Board of Directors be and is hereby authorised to do all such acts and take such steps as may be necessary, proper or expedient to give effect to this resolution.”
Category	Mode of voting	No. of shares held	No. of votes polled	% of Votes polled on outstanding shares	No. of votes – in favour	No. of votes – against	% of votes in favour on votes polled	% of Votes against on votes polled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
Promoter and Promoter Group	E-Voting	3672396	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	3672396	0	0	0	0	0	0
Public- Institutions	E-Voting	0	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	0	0	0	0	0	0	0
Public- Non Institutions	E-Voting	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
Total		14738525	8568520	58.1369	8568505	15	99.9998	0.0002
Whether resolution is Pass or Not.							Yes
Disclosure of notes on resolution

Details of Invalid Votes
Category		No. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions

Resolution(5)
Resolution required: (Ordinary / Special)				Special
Whether promoter/promoter group are interested in the agenda/resolution?				No
Description of resolution considered				To consider and if, thought fit, pass with or without modification the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and other applicable provisions of the Companies Act, 2013, the Companies (Appointment and Qualification of Directors) Rules, 2014 read with Schedule IV to the Companies Act, 2013 and Regulation 16(1)(b), 25 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and based on the performance evaluation and recommendation of the Nomination and Remuneration Committee, the approval of the Members of the Company be and is hereby accorded to the re-appointment of Mr. Deepak (DIN: 07878217) as an Independent Director of the Company for the second term of five (5) years with effect from March 26, 2024 (date of reappointment) upto March 25, 2029 on the terms and conditions including remuneration as set out in the explanatory statement annexed to the Notice convening this meeting, with liberty to the Board of Directors to alter and vary the terms and conditions of the said re-appointment in such manner as may be agreed between the Board of Directors and Shri Deepak. RESOLVED FURTHER THAT the Board of Directors of the Company including any Committee thereof be and is hereby authorised to do all acts, deeds, matters and things as they may in its absolute discretion deem necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in this regard, in the best interest of the Company.”
Category	Mode of voting	No. of shares held	No. of votes polled	% of Votes polled on outstanding shares	No. of votes – in favour	No. of votes – against	% of votes in favour on votes polled	% of Votes against on votes polled
		(1)	(2)	(3)=[(2)/(1)]*100	(4)	(5)	(6)=[(4)/(2)]*100	(7)=[(5)/(2)]*100
Promoter and Promoter Group	E-Voting	3672396	3672396	100	3672396	0	100	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	3672396	3672396	100	3672396	0	100	0
Public- Institutions	E-Voting	0	0	0	0	0	0	0
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	0	0	0	0	0	0	0
Public- Non Institutions	E-Voting	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
	Poll		0	0	0	0	0	0
	Postal Ballot (if applicable)		0	0	0	0	0	0
	Total	11066129	8568520	77.4301	8568505	15	99.9998	0.0002
Total		14738525	12240916	83.0539	12240901	15	99.9999	0.0001
Whether resolution is Pass or Not.							Yes
Disclosure of notes on resolution

Details of Invalid Votes
Category		No. of Votes
Promoter and Promoter Group
Public Insitutions
Public - Non Insitutions

General information about company

Scrutinizer Details

Voting results

Resolution(1)

Details of Invalid Votes

Resolution(2)

Details of Invalid Votes

Resolution(3)

Details of Invalid Votes

Resolution(4)

Details of Invalid Votes

Resolution(5)

Details of Invalid Votes