Independent Director Resigns from Mangalam Global Enterprise Ltd
Mangalam Global Enterprise Ltd has confirmed the resignation of Mrs. Sarika Sachin Modi from her roles within the company's board. Mrs. Modi ceased being a Non-Executive Independent Director effective July 4, 2026.The resignation was tendered due to personal preoccupation and other professional commitments. Consequent to this change, Mrs. Sarika Sachin Modi also stepped down from her position as Chairperson and Member of the Committee of the Company. Her cessation of duties occurred at the close of business hours on July 4, 2026.
The company confirmed that no material reasons existed for her resignation other than those specified in her resignation letter.
Key details regarding Mrs. Modi's directorial status prior to and during the change are provided below:
| Disclosure Requirement | Details |
|---|---|
| Name (DIN) | Mrs. Sarika Sachin Modi (DIN: 08320453) |
| Reason for Change | Resignation due to personal preoccupation and other professional commitments. |
| Cessation Date | July 4, 2026 |
| Listed Entities with Directorship | Independent Director in Mangalam Worldwide Limited. |
| Board Committee Memberships (Other Listed Entities) | Chairperson of the Stakeholders Relationship Committee and Member of the Nomination and Remuneration Committee of Mangalam Worldwide Limited. |
Mrs. Modi's resignation from the post of Non-Executive Independent Director is effective as of July 4, 2026, following personal commitments and other professional priorities.
MGEL Stock Price Movement
On Friday, shares of Mangalam Global Enterprise Limited edged higher to close at ₹16.85, registering a 2.23% gain. The stock traded with a volume of 385,653 shares, finishing strong within its daily trading range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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