Manglam Global Enhances Working Capital Facility to ₹20 Cr
Manglam Global Corporations Limited (formerly Kshitij Investments Limited) announced that its Board of Directors, in a meeting held on August 26, 2026, approved several key decisions. These include enhancing the company's Cash Credit/Working Capital facility from ₹4.80 Crore to ₹20.00 Crore with State Bank of India. The Board also accepted the resignation of Mrs. Nalini Kankani as Company Secretary and Compliance Officer, effective September 1, 2026, and approved the appointment of Mr. Dalchand Raghuvanshi to the same role from the same date. Additionally, the company will invest up to ₹2.00 Crore in its wholly-owned subsidiary, Shri Krishnam Industries Private Limited, and approved an increase in the remuneration of its Chief Financial Officer, Mr. Aman Agrawal, effective September 1, 2026.
Key Highlights
- Working capital facility enhanced to ₹20 Crore from ₹4.80 Crore.
- Company Secretary and Compliance Officer resigns and a new one is appointed.
- Investment of up to ₹2 Crore planned for a wholly-owned subsidiary.
- Remuneration of the Chief Financial Officer to be increased.
- Board meeting held on August 26, 2026, addressed multiple corporate actions.
Price Impact
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