Mangalam Worldwide Ltd

Mangalam Worldwide Limited announced the resignation of Mr. Anilkumar Shyamlal Agrawal as a Non-Executive Independent Director, effective August 24, 2026. The resignation is attributed to health issues. Mr. Agrawal has also ceased to be the Chairperson and Member of various Board Committees. The company expressed gratitude for his services and confirmed no other material reasons for his departure.

Mangalam Worldwide Limited announced the resignation of Mr. Anilkumar Shyamlal Agrawal as a Non-Executive Independent Director, effective August 24, 2026. The resignation is attributed to health issues. Mr. Agrawal will also cease to be the Chairperson and Member of various Board Committees. The company expressed gratitude for his services. He confirmed no other material reasons for his resignation.

Mangalam Worldwide Limited, a Gujarat-based stainless steel manufacturer, reported a significant increase in its export turnover, reaching ₹21.79 crore in July 2026. This marks a substantial jump from ₹5.76 crore in July 2025. The company achieved this by dispatching 874 Metric Tonnes (MT) across 35 containers to over 15 countries. Key drivers include global market penetration, volume scalability, and a resilient business model that navigates industry headwinds. The Managing Director highlighted growing global confidence in Indian manufacturing and plans for further investment in capacity and product innovation to sustain export growth.

Mangalam Worldwide Limited has announced a significant milestone, achieving its highest-ever monthly export turnover of ₹21.79 Crores in July 2026. This represents a substantial year-on-year increase from ₹5.76 Crores in July 2025. The company dispatched 35 export containers, exporting 874 Metric Tonnes (MT) to over 15 countries. This achievement underscores the company's focus on expanding its international presence, strengthening customer relationships, enhancing operational efficiencies, and delivering quality products globally. Mangalam Worldwide remains committed to growing its export business through market diversification, value-added products, and operational excellence.

Mangalam Worldwide Limited (MWL) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated Profit After Tax (PAT) of ₹12.02 crore, an increase of 18.71% year-on-year from ₹10.13 crore in Q1 FY26. Total consolidated income grew by 13.40% YoY to ₹316.85 crore from ₹279.41 crore. Adjusted EBITDA saw a significant jump of 50.74% YoY to ₹29.72 crore. The company highlighted its continued focus on growth, enhancing product offerings, and strengthening its market presence in domestic and international sectors like automotive, engineering, and infrastructure. MWL also commissioned a 10.4 MW solar installation, increasing its total solar capacity to 11.6 MW, underscoring its commitment to sustainable operations.

Mangalam Worldwide Ltd has received a notice from BSE Limited regarding a fine for the alleged delay in submitting financial results for the quarter and financial year ended March 31, 2026. The matter was presented to the Board of Directors on July 24, 2026, for their consideration and noting. The specific amount of the fine is not disclosed in this announcement.

Mangalam Worldwide Ltd announced its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved and adopted these results during their meeting held on July 24, 2026. The company's primary business involves the manufacturing of stainless steel products and trading of steel scrap and ferro alloys, operating as a single segment. The financial results, along with the limited review report, have been submitted and are also available on the company's website.

Mangalam Worldwide's consolidated (primary) net profit for the period rose 18.7% YoY to ₹12.02 Cr — matching management's own release — on revenue from operations up 14.7% YoY to ₹316.22 Cr. Net profit margin was essentially flat YoY, edging up to 3.80% from an implied 3.67% in Q1 FY26, even as finance costs jumped 86.8% YoY to ₹13.88 Cr (from ₹7.43 Cr) after the Company raised ₹100 Cr via two secured NCD tranches (Feb 2026 and Apr 2026); this pushed the consolidated debt-equity ratio to 1.09x from 0.77x at FY26-end and cut interest service coverage to 2.25x from 3.01x. Standalone PAT of ₹11.76 Cr (+16.3% YoY) is directionally consistent — the roughly 2% gap versus the ₹12.02 Cr consolidated figure (from a small profitable subsidiary, Mangalam Saarloh, offset by a marginal loss at MWL Multicomm) is not material enough to tell a different story. Sequentially, PAT fell 21.8% QoQ from ₹15.37 Cr in the audited Q4 FY26, and net margin compressed from 5.80% to 3.80%, driven by the same finance-cost step-up plus higher depreciation (₹3.11 Cr vs ₹2.55 Cr) as the solar capex base grew — even though revenue itself rose 19.3% QoQ. There is no consensus estimate or formal management guidance on record for this stock: a web search surfaced no analyst preview, and the filing carries no forward numerical outlook, so vsStreet and vsGuidance are both 'unknown' rather than assumed. Management's own framing calls the quarter 'steady progress' in its growth strategy, pointing to the newly commissioned 10.4 MW solar installation (taking captive solar capacity to 11.6 MW); that plant was commissioned July 13, 2026 — after this quarter closed — so any cost benefit will only appear from Q2 FY27. The quarter also saw the Company's BSE mainboard listing (May 27, 2026, alongside its existing NSE listing) and a 1:10 stock split effective July 10, 2026, both after quarter-end — this quarter's EPS of ₹3.96 (standalone) / ₹4.01 (consolidated) is still on the pre-split ₹10 face value.

Mangalam Worldwide Ltd has announced that its Board of Directors will convene on Friday, July 24, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the statutory auditor's limited review report. The company also noted that the trading window for insiders, which closed on July 1, 2026, will remain shut for 48 hours after the declaration of these financial results.

Mangalam Worldwide Ltd has successfully installed and commissioned a 10.4 MW DC Ground Mounted Solar Power Plant at its Halol Unit in Vadodara, Gujarat. The plant, built on land leased for 25 years, is for captive consumption. This initiative is expected to significantly boost the company's renewable energy capacity, reduce its carbon footprint, lower energy costs, and enhance energy independence, aligning with its sustainability objectives and contributing to national renewable energy targets.