Manglam Global Increases Authorised Share Capital by ₹5 Cr

Manglam Global Corporations Ltd announced that its Board of Directors has approved an increase in the company's authorised share capital from ₹15 crore to ₹20 crore. This significant capital expansion, subject to shareholder approval, will be achieved by increasing the number of equity shares from 1.5 crore to 2 crore, each with a face value of ₹10. The company will also alter its Memorandum of Association (MOA) to reflect this change. This move suggests potential future expansion, investment, or strategic initiatives requiring additional capital.