Board Meeting6 Nov 2026, 02:12 pm
Mangalam Global Enterprise Ltd: Board Approves Convertible Warrants
AI Summary
Mangalam Global Enterprise Limited's Board of Directors met on November 06, 2026, and approved the issuance of up to 3,00,00,000 (Three Crores) Convertible Warrants to Promoters/Promoter Group on a preferential basis. This fundraising initiative is in accordance with SEBI ICDR Regulations and is subject to regulatory and shareholder approvals. The company also approved the notice for a postal ballot to seek shareholder approval for the same, and appointed Mr. Rajesh Parekh as the scrutinizer for the process. The meeting concluded at 02:00 p.m.
Key Highlights
- Board approved issuance of 3 Crore Convertible Warrants.
- Warrants to be issued to Promoters/Promoter Group.
- Fundraising via preferential allotment.
- Postal ballot to seek shareholder approval.
- Appointment of postal ballot scrutinizer.
Price Impact
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