StockWatch
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Iron & Steel Products
Clarification2 Jul 2026, 07:30 pm

Mangalam Worldwide Clarifies Dividend Intimation Process

AI Summary

Mangalam Worldwide Limited has provided a clarification regarding the prior intimation of its Board Meeting held on April 29, 2026, for recommending a final dividend. The company stated that on the date of the intimation (April 24, 2026), its shares were listed only on the National Stock Exchange (NSE), and the intimation was duly submitted to NSE. The company subsequently applied for and received listing approval on the BSE effective May 27, 2026. The Board recommended a final dividend of ₹0.30 per equity share for FY26, with a record date of July 23, 2026. A stock split from ₹10 to ₹1 face value was also approved by shareholders on June 20, 2026, which will adjust the dividend per share accordingly.

Key Highlights

  • Dividend intimation was initially sent only to NSE as BSE listing was pending.
  • Board recommended ₹0.30 per share dividend for FY26.
  • Record date set for July 23, 2026.
  • Equity shares underwent sub-division from ₹10 to ₹1 face value.
  • Clarification addresses regulatory compliance for prior intimation.