Mangalam Global Enterprise Directors, Officers Settle SEBI Case

SEBI settles with eight individuals, including independent directors and compliance officers of Mangalam Global Enterprise, for alleged violations of LODR and PFUTP regulations.
The settlement involves total payments of ₹1.04 crore, with three individuals paying ₹18.85 lakh each and five paying ₹9.425 lakh each.
The settlement resolves allegations of financial misrepresentation and governance failures, with no admission of guilt from the applicants.
The order disposes of the proceedings initiated by SEBI's show cause notice dated February 10, 2025.