Mangalam Worldwide Limited Board Approves Stock Split and Dividend for Enhanced Liquidity
Ahmedabad, May 16, 2026: Mangalam Worldwide Limited (MWL), a fully integrated stainless-steel manufacturer, announced that its Board of Directors approved the proposal for a stock split. The approval was made during a board meeting held on May 15, 2026.Under the proposed plan, the company's equity shares, which currently have a face value of ₹10 each, will be subdivided into 10 equity shares, each having a face value of Re. 1 each, fully paid-up. The company stated that this stock split aims to enhance liquidity in the company's equity shares and encourage broader participation from retail investors.
The board also approved consequential alterations to the Capital Clause of the company's Memorandum of Association, pending the necessary approvals.
Financial Highlights and Outlook
MWL recently reported strong financial performance for the fiscal year 2026. The company's operational strength is bolstered by its core vertical integration in the stainless-steel manufacturing ecosystem.Key financial and operational details include:
- Fiscal Year 2026 Revenue: ₹1,214.98 crore
- Fiscal Year 2026 PAT (Profit After Tax): ₹50.14 crore
- Recommended Final Dividend (FY26): ₹0.30 per equity share (face value of ₹10)
In addition to the stock split, the Board of Directors recommended a Final Dividend of ₹0.30 per equity share having a face value of ₹10 for FY26. Furthermore, the company approved the proposal for a direct listing of its shares on the Main Board of BSE, subject to the approval of the BSE or relevant authorities.
Operational Strength and Manufacturing Capacity
MWL's operational strength is anchored by its integrated manufacturing ecosystem, which spans melting, rolling, bright bar finishing, and seamless pipe and tube production.The company maintains extensive manufacturing facilities across Gujarat, including steel melting shops, rolling mills, peeling units with finishing machines, and seamless pipes and tubes facilities. These facilities are spread across four plants located in Halol (Unit I), Changodar (Unit II), and Kapadvanj (Unit III & IV).
The overall infrastructure covers more than 1,25,000 square meters and possesses a total installed capacity exceeding 1,90,000 MTPA. MWL offers a diversified stainless steel portfolio, including billets, ingots, hot rolled and forged bars, bright bars, and seamless pipes and tubes, catering to critical applications across various sectors.
Company Commentary
Chandragupt Prakash Mangal, Managing Director of Mangalam Worldwide Limited, stated that the proposed stock split reflects the company's ongoing focus on creating long-term value for stakeholders and improving the accessibility of its stock for a wider investor base. He added that supported by strong operational performance and improving market participation, MWL remains dedicated to strengthening its position in value-added stainless-steel segments.MWL Stock Price Movement
On Friday, shares of Mangalam Worldwide Limited gained ground, closing at ₹355.1, representing a notable 1.91% rally for the stock. The equity traded with a volume of 65,533 shares, finishing the day within a substantial range set between ₹341 and ₹360.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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