Mangalam Global Enterprise Limited

Meeting Details

  • Date and Time: Monday, July 27, 2026 at 2:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Cut-off Date for E-Voting: Tuesday, July 21, 2026
  • Remote E-Voting Period: Thursday, July 23, 2026 (9:00 AM) to Sunday, July 26, 2026 (5:00 PM)
  • Record Date for Dividend: Friday, July 17, 2026 (if approved)

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY 2025-26 with Report of Auditors

2. Dividend Declaration: To declare a final dividend of ₹0.01 (One Paise only) per equity share of ₹1 each for FY ended March 31, 2026. Dividend payment timeline:

  • To be paid within 30 days from AGM conclusion
  • Payment only through electronic mode for physical shareholders
  • TDS applicable as per Finance Act 2020

3. Director Re-appointment: To appoint Chanakya Prakash Mangal (DIN: 06714256) who retires by rotation and offers himself for re-appointment.

Special Business

4. Cost Auditor Remuneration Ratification: Ordinary Resolution to ratify remuneration of ₹45,000 plus applicable taxes and out-of-pocket expenses payable to M/s. V. M. Patel & Associates, Cost Accountants (Firm Registration Number 101519) for conducting cost audit for FY 2026-27.

5. ESOP Vesting Terms Clarification: Special Resolution to approve corrigendum to Postal Ballot notice dated January 13, 2026, clarifying that options shall vest not earlier than 1 year and not later than 5 years from grant date.

6. Borrowing Limits Increase: Special Resolution to increase borrowing limits under Section 180(1)(c) from ₹1,000 crore to ₹3,000 crore, allowing borrowing through loans, advances, deposits, debentures, bonds or any financial instruments.

7. Security Creation Authority: Special Resolution to increase limits under Section 180(1)(a) for creating charge/mortgage/pledge/hypothecation/security on company assets up to ₹3,000 crore to secure borrowings.

8. Loan Conversion Approval: Special Resolution under Section 62(3) to approve conversion of outstanding secured/unsecured loans/debt into equity shares at lender's option, subject to aggregate limit of ₹3,000 crore.

9. Investments and Guarantees Limit: Special Resolution under Section 186 to enhance limit for making loans, investments, giving guarantees or providing security to ₹3,000 crore.

10. Loans to Related Entities: Special Resolution under Section 185 to approve giving loans, guarantees or security for loans taken by subsidiaries, associates, joint ventures or group entities up to ₹3,000 crore.

11. Executive Director Appointment: Special Resolution to appoint Mrs. Reena Unmesh Wagh (DIN: 11597282) as Whole-time Director designated as Executive Director for 3 years from June 29, 2026 to June 28, 2029.

  • Remuneration: Up to ₹5 lakh per month salary plus perquisites including housing, LTA, provident fund, gratuity, medical reimbursement, club fees, car with driver, and other benefits
  • Commission: Up to 10% of net profits under Section 198
  • Qualifications: B.Sc. (Computers), MCM, Diploma in Fashion Design, Diploma in Jewellery Design
  • Experience: 16+ years in fashion, apparel, branding and business operations

Financial Performance (FY 2025-26)

Standalone:

  • Revenue from Operations: ₹29,616.73 lakh
  • Total Revenue: ₹29,735.40 lakh
  • EBITDA: ₹679.90 lakh
  • Profit Before Tax: ₹394.61 lakh
  • Profit After Tax: ₹413.72 lakh

Consolidated:

  • Revenue from Operations: ₹33,844.57 lakh
  • Total Revenue: ₹34,007.10 lakh
  • EBITDA: ₹772.71 lakh
  • Profit Before Tax: ₹439.59 lakh
  • Profit After Tax: ₹452.21 lakh

Voting and Participation Instructions

  • E-Voting Agency: MUFG Intime India Private Limited
  • Scrutinizer: M/s. RPSS & Co., Company Secretaries (Firm Registration Number: P2019GJ076200)
  • Maximum VC Participants: 1,000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs)
  • Proxy Facility: Not available for virtual AGM
  • Document Availability: Notice available on company website (https://groupmangalam.com/mgel/), stock exchange websites, and MUFG Intime website