A meeting of the Board of Directors of Manglam Global Corporations Limited was held on Thursday, 11th June, 2026, commencing at 04:00 PM and concluding at 06:30 PM at its Registered Office in Piparia, Hoshangabad, Madhya Pradesh.

The Board transacted the following business:

  • Annual General Meeting (AGM): Approved convening the 47th Annual General Meeting of the Company on Wednesday, 08th July, 2026 at 04:00 PM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
  • Scrutinizer Appointment: Approved the appointment of M/S Ravi Patidar and Associates, Practising Company Secretaries (Membership No. 55749) as the scrutinizer for conducting e-voting.
  • Annual Report: Considered and approved the Annual Report along with the notice of AGM and Board Report for the financial year 2025-26.
  • Statutory Auditor Resignation: Took note of the resignation of M/s. D M K H & Co., Chartered Accountants, as Statutory Auditors of the Company, vide their resignation letter dated June 08, 2026, resulting in a casual vacancy.
  • New Statutory Auditor Appointment: Based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. A K B Jain & Co., Chartered Accountants (Firm Registration No. 003904C), as Statutory Auditors. This appointment is subject to shareholder approval at the ensuing AGM. The firm is proposed:
  • To fill the casual vacancy from June 11, 2026, till the conclusion of the ensuing AGM.
  • For a term of five consecutive years from the conclusion of the ensuing AGM until the conclusion of the AGM in 2031.
  • Material Related Party Transaction (RPT) Limits: The Board approved material RPT limits for various transactions with certain Related Parties for the financial year, as detailed in Annexure-B.
  • Ratification of Specific RPT: The Board took note of a Related Party Transaction entered into with Shri Satguru Agromills Private Limited for the purchase of commodities and products aggregating to ₹7,84,12,180 on an arm's length basis. The ratification of this transaction is subject to shareholder approval at the ensuing AGM.
  • Increase in Authorised Share Capital: The Board approved, subject to shareholder approval, an increase in the Authorised Share Capital of the Company from ₹15,00,00,000 (Rupees Fifteen Crore Only) divided into 1,50,00,000 Equity Shares of ₹10 each to ₹20,00,00,000 (Rupees Twenty Crore Only) divided into 2,00,00,000 Equity Shares of ₹10 each. This requires an alteration of Clause V (Capital Clause) of the Memorandum of Association.
  • Loans and Guarantees: The Board approved, subject to shareholder approval, the grant of loans and/or provision of guarantees and/or securities for entities covered under Section 185 of the Companies Act, 2013, for an aggregate amount not exceeding ₹200 Crores (Rupees Two Hundred Crores Only).
  • Term Loan from SBI: The Board approved availing a Term Loan of ₹92,00,000 (Rupees Ninety-Two Lakhs Only) from State Bank of India (SBI) under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, subject to the lender's terms and execution of necessary documents.
  • Warehouse Receipt Finance from Central Bank: The Board approved availing Warehouse Receipt Finance (WHR) facilities aggregating up to ₹10,00,00,000 (Rupees Ten Crores Only) from Central Bank of India and authorized the opening of a bank account with them.
  • Warehouse Receipt Finance from Aryadhan: The Board approved availing Warehouse Receipt Finance (WHR) facilities aggregating up to ₹15,00,00,000 (Rupees Fifteen Crores Only) from Aryadhan Financial Solutions Private Limited.
  • Subsidiary Capital Increase: The Board approved a proposal to increase the Authorised Share Capital of its Wholly Owned Subsidiary, Shri Krishnam Industries Private Limited, from ₹70,00,000 (Rupees Seventy Lakhs Only) to ₹10,00,00,000 (Rupees Ten Crores Only), subject to its shareholders' approval. Mr. Rohit Agrawal was authorized to represent the Company at the subsidiary's General Meeting.

Annexure Details

Annexure A provides details on the new auditor, M/s. A K B Jain & Co., as required under SEBI LODR Regulation 30. The firm is described as having over 40 professionals serving 700+ clients with expertise in audits, taxation, and advisory services.

Annexure B details the approved material limits for Related Party Transactions (RPTs) for FY 2025-26, including:

  • Commission/Brokerage: ₹50 Cr limit each for 5 entities.
  • Sale of Agri Commodities: ₹250 Cr limit each for 5 entities.
  • Manufacturing Services: ₹100 Cr limit each for 5 entities.
  • Warehousing Services: ₹10 Cr limit each for 2 partnership firms.
  • Purchase of Commodities: ₹250 Cr limit each for 5 entities.
  • Borrowing/Loans: Aggregate limit of ₹200 Cr across 12 entities (companies, HUFs, and individuals).
  • Giving Loans/Guarantees: Aggregate limit of ₹200 Cr for subsidiaries/associates.
  • Further Investment: ₹15 Cr in Shri Krishnam Industries Pvt. Ltd. and ₹10 Cr in Manglam Food Products Pvt. Ltd.

Annexure C provides the disclosure for the proposed alteration to the Memorandum of Association's Capital Clause, changing it to reflect the new authorised capital of ₹20 Crore divided into 2 Crore equity shares of ₹10 each.