Mangalam Worldwide Limited disclosed the voting results of a postal ballot conducted pursuant to SEBI Listing Regulations 44. The postal ballot notice dated September 3, 2026 contained two resolutions that were put to shareholder vote through remote e-voting.

Key Resolutions and Voting Outcomes

Resolution 1: Appointment of Mr. Keyoor M. Bakshi as Non-Executive Independent Director

  • Type: Special Resolution
  • Result: Passed
  • Total shares voted: 19,93,07,814 (67.11% of outstanding shares)
  • Votes in favor: 19,93,07,704 (99.99% of votes polled)
  • Votes against: 110 (0.01% of votes polled)
  • Promoter voting: 19,75,14,740 shares voted (100% of promoter holding), all in favor
  • Public institutions: 83,765 shares voted (63.32% of institutional holding), all in favor
  • Public non-institutions: 17,09,309 shares voted (1.72% of non-institutional holding), 17,09,199 in favor (99.99%), 110 against (0.01%)

Resolution 2: Approval of Remuneration to Mrs. Rashmi Mangal

  • Type: Ordinary Resolution
  • Result: Passed
  • Promoter interest: Yes (related party transaction)
  • Total shares voted: 17,32,01,814 (58.32% of outstanding shares)
  • Votes in favor: 17,30,95,304 (99.94% of votes polled)
  • Votes against: 1,06,510 (0.06% of votes polled)
  • Promoter voting: 17,14,08,740 shares voted (86.78% of promoter holding), all in favor
  • Public institutions: 83,765 shares voted (63.29% of institutional holding), 1,495 in favor (1.78%), 82,270 against (98.22%)
  • Public non-institutions: 17,09,309 shares voted (1.72% of non-institutional holding), 16,85,069 in favor (98.58%), 24,240 against (1.42%)
  • After excluding related party votes as required by Companies Act Section 188: Final votes in favor 17,30,95,304 (99.94%), against 1,06,510 (0.06%)

Process Details

  • Record date: September 4, 2026
  • Total shareholders on record date: 8,831
  • E-voting period: September 9, 2026 (9:00 AM) to October 8, 2026 (5:00 PM)
  • Scrutinizer: Mr. Manoj Hurkat of M/s. Manoj Hurkat & Associates (appointed September 3, 2026)
  • E-voting service provider: MUFG Intime India Private Limited
  • Total participants: 77 shareholders representing 19,93,07,814 shares
  • No physical postal ballots received
  • Results declared: October 8, 2026

Capital Structure Impact

  • Total outstanding shares: 29,70,06,740
  • Promoter holding: 19,75,14,740 shares (66.48%)
  • Public institutions holding: 1,30,294 shares (0.44%)
  • Public non-institutions holding: 9,93,61,706 shares (33.45%)
  • No change to capital structure from these resolutions

Additional Information

  • Voting results available on company website (www.mangalamworldwide.com) and stock exchange websites
  • Scrutinizer's report dated October 8, 2026 confirms the voting process was conducted fairly
  • Public notice was published in The Financial Express (English and Gujarati) on September 8, 2026