Manglam Global Corporations Limited (Formerly Kshitij Investments Limited)

Key Quantitative Figures

  • Standalone Financial Performance FY 2025-26:
  • Total Income: ₹193.61 crore (previous year: ₹39.22 crore)
  • Total Expenses: ₹190.80 crore (previous year: ₹38.79 crore)
  • Profit Before Tax: ₹2.64 crore (previous year: ₹0.04 crore)
  • Net Profit After Tax: ₹3.36 crore (previous year: ₹0.04 crore)
  • EPS (Basic & Diluted): ₹0.34 (previous year: ₹0.14)
  • Share Capital:
  • Authorized Share Capital: ₹15.00 crore divided into 1.50 crore equity shares of ₹10 each
  • Issued, Subscribed and Paid-up Capital: ₹10.00 crore divided into 1.00 crore equity shares of ₹10 each
  • Preferential allotment of 68,47,600 equity shares aggregating ₹6.85 crore made during FY 2025-26
  • Related Party Transactions:
  • Loan to Manglam Food Products Private Limited: ₹4.70 crore (outstanding ₹4.72 crore including interest)
  • Sales to related parties: ₹6.85 crore
  • Purchases from related parties: ₹0.73 crore

Dates of Action

  • AGM Date: 8th July 2026 at 4:00 PM through Video Conferencing/Other Audio Visual Means
  • Book Closure: 2nd July 2026 to 8th July 2026 (both days inclusive)
  • E-voting Period: 5th July 2026 (9:00 AM) to 7th July 2026 (5:00 PM)
  • Auditor Resignation: M/s. D M K H & Co resigned on 8th June 2026
  • New Auditor Appointment: M/s. A K B Jain & Co appointed from 11th June 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • Statutory Auditors: M/s. A K B Jain & Co (FRN: 003904C) replacing M/s. D M K H & Co
  • Secretarial Auditors: Ravi Patidar & Associates
  • RTA: Purva Sharegistry (India) Private Limited
  • Banker: Axis Bank Limited
  • Related Parties: Manglam Food Products Private Limited, Shri Krishnam Industries Private Limited (wholly owned subsidiary), Shri Satguru Agromills Private Limited, Jai Trading Co, and others

Business Operations and Strategy

The Company is engaged in trading, marketing, processing, import and export of agricultural and non-agricultural commodities, food products and FMCG. During the year, the Company continued to explore opportunities across various agricultural and food product categories and remains committed to enhancing operational capabilities and market reach.

Capital Structure Impact

  • Preferential allotment increased paid-up capital from ₹3.15 crore to ₹10.00 crore
  • Resolution proposed to increase authorized share capital from ₹15.00 crore to ₹20.00 crore
  • Loan to related party of ₹4.70 crore from cash credit facility

Corporate Governance

  • Board comprises 5 directors including 3 independent directors
  • 7 board meetings held during FY 2025-26
  • Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
  • Whistle Blower Policy and Risk Management Policy in place

Subsidiary Update

  • Shri Krishnam Industries Private Limited became a wholly owned subsidiary during the year
  • Acquisition of 100% equity of Manglam Food Products Private Limited is in process

Auditor's Qualifications

The statutory auditor's report contains emphasis of matter regarding:

1. Pending updation of company name change on BSE portal

2. Cash payments to farmers for agricultural produce procurement

3. Loan to related party without formally documented interest rate and repayment schedule

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Rohit Agrawal as director retiring by rotation

Special Business:

3. Appointment of M/s. A K B Jain & Co as statutory auditors to fill casual vacancy

4. Appointment of M/s. A K B Jain & Co as statutory auditors for 5 years

5. Approval of material related party transactions with specified limits

6. Ratification of related party transaction with Shri Satguru Agromills Private Limited (₹7.84 crore)

7. Increase in authorized share capital and consequential MOA amendment

8. Approval for loans/guarantees/security under Section 185 up to ₹200 crore

9. Note revised practicing chartered accountant certificate under Regulation 45(1)

10. Appointment of secretarial auditor for 5 years

Voting Arrangements

  • Remote e-voting facility provided through Purva Sharegistry
  • Physical attendance dispensed with due to VC/OAVM meeting
  • Scrutinizer: Ravi Patidar and Associates, Practicing Company Secretaries

Other Material Information

  • Company changed name from Kshitij Investments Limited to Manglam Global Corporations Limited
  • No dividend recommended for FY 2025-26
  • No deposits accepted from public
  • No material orders passed by regulators/courts