- Business
- Sonal Mercantile Limited Sonal Mercantile Limited (SONAL.BO), a non-banking financial company registered with the Reserve Bank of India, provides secured and unsecured loans and advances to individuals and body corporates in India. The company offers inter corporate loans, personal loans, home loans, long-term and short-term loans, trade financing, bills discounting, project appraisal, and loans against guarantees and properties; it also engages in trading shares and securities, arbitrage in stock and commodity markets, financial consultancy, and IPO funding, in addition to investing in quoted and unquoted securities. Incorporated in 1985 and headquartered at 365 Vardhman Plaza, Sector-3, Rohini, New Delhi, the company operates primarily within India as a BSE-listed NBFC without accepting public deposits. Recently, Sonal Mercantile proposes material related party transactions with associate Rudraveerya Developers Ltd up to Rs 200 crore for financial year 2025-26, seeks shareholder approval for re-appointment of independent director Rati Goswami for a second five-year term from June 2025, and reported profit after tax of Rs 1170.67 lakhs for FY 2023-24 amid a focus on strengthening loan and investment capabilities.