Summary of Key Information:
Reporting Period: Not Applicable (Board Meeting Outcomes)
Nature of Filing / Announcement: Regulatory Disclosure under SEBI Listing Regulations
Key Decisions Approved:
1. Management Change:
- Change in designation of Mr. Chandragupt Prakash Mangal (DIN: 07408422) from Managing Director to Director (Non-Executive Non-Independent Director)
- Effective from close of business hours on June 26, 2026
- Recommended by Nomination and Remuneration Committee
- He shall be liable for retire by rotation as per the Companies Act, 2023 and applicable Rules Regulation
2. Annual General Meeting:
- 16th Annual General Meeting to be held on Monday, July 27, 2026 at 2:00 P.M. (IST)
- Meeting to be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OVAM)
- Conducted in compliance with MCA and SEBI circulars
- Notice of 16th AGM approved by the Board
3. Dividend Declaration:
- Final dividend of ₹0.01 (One Paise Only) per equity share of face value ₹1/- each
- For financial year ended March 31, 2026
- Record date fixed as Friday, July 17, 2026
- This is in continuation of earlier intimation MGEL/CS/SE/2026-27/06 dated April 18, 2026
4. Remote E-Voting Details:
- Remote e-voting period: Thursday, July 23, 2026 at 9:00 AM to Sunday, July 26, 2026 at 5:00 PM
- Cut-off date for remote e-voting: Tuesday, July 21, 2026
- Members holding shares in physical or dematerialized form as on cut-off date may vote
5. Debt Conversion Resolution:
- Enabling resolution for conversion of outstanding secured/unsecured loan(s)/debt into equity shares
- Pursuant to Section 62(3) of Companies Act, 2013 and SEBI ICDR Regulations, 2018
- Subject to shareholder approval and other regulatory approvals, consents and permissions
6. Other Agenda Items:
- Other agendas which will form part of Notice
Director Profile Information:
- Chandragupt Prakash Mangal is younger son of Vipin Prakash Mangal (Chairman and Director)
- Younger brother of Chanakya Prakash Mangal (Managing Director)
- Graduate from Indiana University Kelley School of Business in Supply Chain Management
- Qualified as level III badge in CFA from CFA Institute
- Part of College's prestigious Real Estate Workshop, worked with US real estate professionals
- Gained experience in Private equity market and valuing properties over $100 million
- Joined family business at age 20, initially focused on real estate market
- Set up two family-owned commercial properties on rent with his brother
- Now working full time handling all business operations including Singapore subsidiary
- Not debarred from holding office of Director by SEBI or any other authority
Document References:
- Ref: MGEL/CS/SE/2026-27/18 dated June 26, 2026
- Previous references: MGEL/CS/SE/2026-27/17 dated June 23, 2026 and MGEL/CS/SE/2026-27/06 dated April 18, 2026
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated July 13, 2023 (as updated on January 30, 2026)
- BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24 both dated June 20, 2018
Additional Information:
- Annual Report for FY2025-26 will be submitted to Exchanges and dispatched to shareholders via email
- Meeting concluded at 05:00 P.M.
- Signed by Karansingh I. Karki, Company Secretary & Compliance Officer (Mem. No. A30021)