Mangalam Worldwide Board approved subdivision of equity shares from ₹10 to Re. 1 face value to enhance liquidity and retail participation.
The company reported strong FY26 performance with revenue of ₹1,214.98 crore and PAT of ₹50.14 crore alongside a ₹0.30 final dividend.
Board approved consequential alteration to Memorandum of Association and proposal for direct listing on BSE Main Board subject to approvals.
MWL operates as a fully integrated stainless steel manufacturer with 190,000 MT annual capacity across four plants in Gujarat.