
Clarification18 Aug 2026, 09:10 am
Manglam Global Clarifies Preferential Issue Price to ₹10.25
AI Summary
Manglam Global Corporations Ltd has issued a clarification regarding the issue price of equity shares proposed to be issued on a preferential basis. An inadvertent typographical error in a previous board meeting outcome submission stated the price as ₹10.00 instead of the correct ₹10.25 per equity share. The company confirmed that all other terms and conditions of the preferential issue remain unchanged. The board also approved consolidated and standalone financial results for the quarter ended June 30, 2026, and decided to convene an EGM to seek shareholder approval for the preferential issue of up to 1,00,00,000 equity shares.
Key Highlights
- Clarification issued on preferential issue price, corrected to ₹10.25.
- Previous mention of ₹10.00 was a typographical error.
- Board approved Q1 FY27 consolidated and standalone financial results.
- Preferential issue of up to 1 crore shares approved.
- EGM to be convened for shareholder approval of the issue.
Price Impact
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