Manglam Global Corporations Acquires 100% Stake in Manglam Food Products, Forms Wholly Owned Subsidiary
Manglam Global Corporations Ltd, formerly Kshitij Investments Limited, has successfully acquired a 100% stake in Manglam Food Products Private Limited. The acquisition establishes Manglam Food Products as a wholly owned subsidiary of the parent company.The transaction was completed through cash consideration. The cost of the acquisition or the price at which the shares were bought amounts to Rs. 6,00,00,000 for 60,00,000 equity shares of Manglam Food Products Private Limited, each valued at Rs. 10/-.
Manglam Food Products Private Limited was incorporated on March 24, 2026. The company was formed through the conversion of the erstwhile partnership firm, M/s Manglam Food Products, into a private limited company. As of the acquisition date, the subsidiary reported no independent turnover and holds an Authorized Capital of Rs. 8,00,00,000/-.
Manglam Food Products Private Limited operates in the food processing industry, with core business activities focused on several verticals. The company's operations include:
- Milling, processing, husking, polishing, grading, packing, storing, buying, selling, importing, and exporting rice and paddy products, including broken rice and rice bran.
- Manufacturing, milling, and processing grains, cereals, pulses, flour, semolina, atta, maida, suji, and other grain-based products.
- Processing, grinding, manufacturing, marketing, distributing, and importing spices, masalas, condiments, seasoning powders, and other food ingredients derived from herbs and spices.
The acquisition holds significant strategic importance for the larger group structure. The business of the subsidiary is set to add another vertical unit to Manglam Global Corporations, thereby providing revenue recognition opportunities for the company.
Key details of the target company and the transaction are summarized below:
| Aspect | Detail |
|---|---|
| Target Company | Manglam Food Products Private Limited |
| Date of Incorporation | March 24, 2026 |
| Authorized Capital | Rs. 8,00,00,000/- |
| Acquisition Cost | Rs. 6,00,00,000 |
| Shares Acquired | 60,00,000 Equity Shares (100% shareholding) |
| Nature of Consideration | Cash |
Stock Price Movement
Manglam Global Corporations Ltd. settled at ₹15.46 on Wednesday, ticking up 4.96% in shares trading at a +₹0.73 gain.Despite this closing price, the stock’s intraday performance was completely flat as the shares were locked within a single point of reference.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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