Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Board Meeting - Fundraising and Corporate Actions
Key Financial Highlights:
Not Specified
Corporate Actions:
Fundraising:
- Approval for raising funds by issuing up to 3,00,00,000 (Three Crores) convertible warrants to Promoters/Promoter Group on preferential basis
- Each warrant convertible into one fully paid-up equity share of face value ₹1 each
- Conversion period: 18 months from date of allotment
- Issue price to be determined later in accordance with Chapter V of SEBI ICDR Regulations
- Requires approval of regulatory/statutory authorities and shareholders
Investor Allocation:
| Name | Category | Pre-issue Holding | Pre-issue % | Proposed Allotment | Post-issue Holding | Post-issue % |
| Chandragupt Prakash Mangal | Promoter | 5,72,68,200 | 17.38% | 1,00,00,000 | 6,72,68,200 | 18.71% |
| Chanakya Prakash Mangal | Promoter | 5,47,32,250 | 16.61% | 1,00,00,000 | 6,47,32,250 | 18.00% |
| Tanisha Mangal | Promoter Group | 0 | - | 45,00,000 | 45,00,000 | 1.25% |
| Honey Mangal | Promoter Group | 11,42,000 | 0.35% | 55,00,000 | 66,42,000 | 1.85% |
Total investors: 4 (Four) from promoter/promoter group category
Postal Ballot:
- Approval to conduct postal ballot through e-voting facility under Section 110 of Companies Act, 2013
- To seek shareholder approval via special resolutions
- Draft notice approved, to be submitted to stock exchanges when sent to eligible shareholders
- Will be hosted on company website: www.groupmangalam.com
Appointment:
- Mr. Rajesh Parekh, Partner of RPSS & Co., Practicing Company Secretary (Membership No. 8073, CP No. 2939) appointed as Scrutinizer
- To conduct postal ballot process in fair and transparent manner
Other Significant Information:
- Company CIN: L24224GJ2010PLC062434
- Company Secretary & Compliance Officer: Karansingh I. Karki (Membership No. A30021)