Mangalam Global Enterprise Limited Changes Director Designation and Schedules 16th Annual General Meeting

Mangalam Global Enterprise Limited Changes Director Designation and Schedules 16th Annual General Meeting​

Mangalam Global Enterprise Limited (MGEL) announced key decisions made by its Board of Directors at a meeting held on Friday, June 26, 2026. The outcomes included a change in the designation of Mr. Chandragupt Prakash Mangal, along with details regarding the upcoming 16th Annual General Meeting (AGM), dividend eligibility, and a resolution for loan conversion.

Change in Director Designation​

The Board considered and approved the alteration of Mr. Chandragupt Prakash Mangal’s designation from Managing Director to Director (Non-Executive Non-Independent Director). The change is effective from the close of business hours on June 26, 2026.

Mr. Mangal, who holds a Level III badge in CFA and is a graduate of Indiana University Kelley School of Business in Supply Chain Management, has been involved in family business operations since joining at age 20. As the younger son of Mr. Vipin Prakash Mangal, Chairman and Director of the Company, he is also the brother of Mr. Chanakya Prakash Mangal, Managing Director. His experience includes working with highly Qualified Real estate professionals in the US and gaining insight into the private equity market. Under guidance from his father, he currently handles all business operations, including a subsidiary established in Singapore.

Annual General Meeting and Dividend Details​

The Board also decided to hold the 16th Annual General Meeting (AGM) on Monday, July 27, 2026, at 2:00 P.M. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OVAM).

The company also set the Record Date for determining shareholder eligibility for a dividend of Rs. 0.01 per equity share, corresponding to a face value of Rs. 1/- each for the financial year ending March 31, 2026. The fixed Record Date is Friday, July 17, 2026.

E-Voting and Debt Conversion Resolution​

The remote e-voting period has been scheduled to commence from Thursday, July 23, 2026, at 9:00 AM and will conclude on Sunday, July 26, 2026, at 5:00 PM. The cut off for members to cast their vote through remote e-voting is Tuesday, July 21, 2026.

Furthermore, the Board approved an enabling resolution allowing the conversion of outstanding secured or unsecured loans/debt into equity shares of the Company, subject to shareholder approval and any required regulatory consents and permissions.

MGEL Stock Price Movement​

On Thursday, shares of Mangalam Global Enterprise Limited edged higher to close at ₹16.1 after gaining 1.19%. The stock traded within a daily range bounded by ₹15.7 and ₹16.4, with a total volume of 216,829 shares exchanged.