Mangalam Worldwide Limited submitted the proceedings of its postal ballot to the National Stock Exchange of India Limited. The postal ballot was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board of Directors at their meeting held on May 15, 2026 decided to obtain shareholder consent through postal ballot under Section 110 and 108 of the Companies Act, 2013 read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Two ordinary resolutions were put to vote:
1. Approval of sub-division of equity shares from face value of ₹10 to ₹1 per equity share
2. Approval of alteration of capital clause of Memorandum of Association
The notice was sent to members whose names appeared in the Register of Members/Record of Depositories as on May 15, 2026 (cut-off date). The company provided remote e-voting facility only through MUFG Intime India Private Limited using the instavote platform.
The voting period commenced on May 22, 2026 at 09:00 AM IST and ended on June 20, 2026 at 05:00 PM IST.
The company appointed PCS Manoj Hurkat, Partner of M/s. Manoj Hurkat & Associates, Practising Company Secretaries (Firm Registration No. P2011GJ025800) as Scrutinizer to scrutinize the votes and conduct the postal ballot in a fair and transparent manner.
The scrutinizer submitted his report on June 20, 2026. Mr. Vipin Prakash Mangal, Chairman of the Company, in presence of Mr. Soham Raval, Company Secretary & Compliance Officer, declared the result of the postal ballot. Both resolutions were approved by members through remote e-voting as ordinary resolutions, with all conditions under Section 114(2) of the Companies Act, 2013 fulfilled.
The summary of proceedings is available on the company's website (www.mangalamworldwide.com) and stock exchange websites (www.bseindia.com and www.nseindia.com).