Manglam Global Preferential Issue of 1 Crore Shares

Event Details

The Extraordinary General Meeting (EGM) of Manglam Global Corporations Limited is scheduled to be held on Wednesday, September 16, 2026 at 01:00 P.M. IST through Video Conference (VC)/Other Audio Visual Means (OAVM).

The company has completed the delivery of the EGM notice through electronic mode to all members whose email IDs are registered with the Company/Depository Participant(s)/Registrar and Share Transfer Agent on Monday, August 24, 2026.

Remote e-Voting will commence on Sunday, September 13, 2026 at 09:00 a.m. IST and will conclude on Tuesday, September 15, 2026 at 05:00 p.m. IST.

Agenda Item: Preferential Allotment of Equity Shares

Item No. 1: Issuance of Equity Shares on preferential basis

The Board of Directors at its meeting held on August 14, 2026 approved a proposal to raise funds through preferential allotment of equity shares, subject to shareholder approval.

Key Terms of the Preferential Issue:

Maximum number of shares to be issued: 1,00,00,000 (One Crore) Equity Shares
Face value: ₹10 per share
Issue price: ₹10.25 per share (including premium of ₹0.25 per share)
Total issue size: ₹10,25,00,000 (Ten Crores Twenty Five Lakhs)
Relevant date for price determination: August 17, 2026

Proposed Allottees and Allocation:

Utilization of Proceeds:

The gross proceeds from the preferential issue will be utilized as follows:

Repayment of loans of the Company: ₹1,79,90,000 (within 2 years)
Meeting working capital requirements: ₹6,00,00,000 (within 2 years)
General corporate purposes: ₹2,35,10,000 (within 2 years)
Issue-related expenses: ₹10,00,000 (within 2 years)

The amount specified for these objects may deviate +/- 10% depending on future circumstances.

Shareholding Pattern Impact:

Pre-issue total shares: 1,00,00,000
Post-issue total shares: 2,00,00,000
Promoter holding pre-issue: 66.48% (66,47,540 shares)
Promoter holding post-issue: 71.39% (1,42,77,540 shares)
Public holding pre-issue: 33.52% (33,52,460 shares)
Public holding post-issue: 28.61% (57,22,460 shares)

Regulatory Compliance:

The issue price of ₹10.25 per share is not less than the price determined in accordance with Chapter V of SEBI ICDR Regulations
A valuation report has been obtained from Mr. Bhavesh M Rathod, Registered Valuer (IBBI Registration No. IBBI/RV/06/2019/10708)
The company has obtained a certificate from Practicing Company Secretary confirming compliance with SEBI ICDR Regulations
Equity shares will be subject to lock-in as per Regulations 167 and 168 of SEBI ICDR Regulations
Allotment shall be completed within 15 days from passing of special resolution or 15 days from receipt of last regulatory approval

Corporate Governance Disclosures:

None of the company, its promoters, or directors are categorized as wilful defaulters
No proposed allottee has been debarred from accessing capital markets
None of the promoters or directors is a fugitive economic offender
The company is in compliance with continuous listing conditions
The proposed issue is not ultra vires to the Articles of Association

Voting Arrangements:

The scrutinizer for e-voting process is Ravi Patidar and Associates, Practicing Company Secretaries (Membership No. A55749)
Cut-off date for determining voting rights: September 9, 2026
Results will be declared within 48 hours of conclusion of EGM and placed on company website

Additional Information:

The company's registered office: Mangalwara Bazaar, Next to Agrawal Readymade Stores, Piparia, Hoshangabad-461775, Madhya Pradesh
Company Secretary and Compliance Officer: CS Nalini Kankani (Membership No.: A55497)
Registrar and Share Transfer Agent: M/s. Purva Sharegistry (India) Private Limited
The notice has been uploaded on company website: https://manglamglobal.in