Board Meeting6 Nov 2026, 02:22 pm
Mangalam Global Enterprise Ltd Approves Preferential Issue of Warrants
AI Summary
Mangalam Global Enterprise Limited's Board of Directors, in a meeting held on November 06, 2026, approved the issuance of up to 3,00,00,000 (Three Crores) Convertible Warrants to Promoters/Promoter Group on a preferential basis. This move aims to raise funds in accordance with SEBI ICDR Regulations. The company also approved the notice for a postal ballot to seek shareholder approval for this issuance and appointed a scrutinizer for the process. The meeting concluded with the board considering these key financial and corporate governance matters.
Key Highlights
- Board approved preferential issue of 3 Crore convertible warrants.
- Funds to be raised from Promoters/Promoter Group.
- Postal ballot to seek shareholder approval for the issuance.
- Appointment of scrutinizer for postal ballot process.
Price Impact
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