Mangalam Worldwide Limited Submits Waiver Application Against Alleged Fine Over Financial Results Delay

Mangalam Worldwide Limited Submits Waiver Application Against Alleged Fine Over Financial Results Delay​

Mangalam Worldwide Limited has taken action regarding a notice received from BSE concerning an alleged fine related to the submission of its financial results. The company has filed a waiver application with BSE, asserting that it had fully complied with regulatory requirements.

The matter was reviewed by the Board of Directors of Mangalam Worldwide Limited at a meeting held on July 24, 2026. The Board noted the notice received from BSE dated June 30, 2026, which concerned a potential fine related to an alleged delay in submitting the Financial Results for the quarter and financial year ended March 31, 2026.

The Company submitted the board meeting report stating that the supposed noncompliance under applicable regulatory provisions is based on an inadvertent misunderstanding of the situation. Mangalam Worldwide Limited maintains that it had complied with Regulation 33 by timely submitting its Financial Results to NSE, noting that NSE was the only stock exchange where the company’s securities were listed on the relevant date.

In response to the allegations, which pertain to the levy of a fine, the Company has submitted a detailed Waiver Application to BSE Limited. The application, filed via letter dated July 10, 2026, sets out the relevant facts and circumstances and formally requests the waiver of the imposed fine.

Mangalam Worldwide Limited affirmed its commitment to maintaining high standards of corporate governance, regulatory compliance, and timely disclosures and committed to keeping informed of any material developments in this matter.

MWL Stock Price Movement​

Today, Mangalam Worldwide Limited's shares gained 0.98% to settle at ₹36 after trading completed. The stock saw steady activity during the session, closing within its intraday range of ₹34.75 to ₹36.25 on a volume of 250,421 shares.