Announced Mon, 27 Jul · 17:02 IST
16th AGM held; 1 paisa dividend declared; borrowing and equity conversion approved
Board & Shareholder Meetings View source PDF
MGEL · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Mangalam Global Enterprise held its 16th AGM on July 27, 2026 via video conferencing, with 52 members as quorum. Shareholders approved a final dividend of Re. 0.01 per share for FY ending March 31, 2026, payable by August 26. Other approvals include audited financial results, higher borrowing limits, conversion of loans into equity, expanded lending powers, and appointment of Mrs. Reena Unmesh Wagh as Whole-time Director.
Likely market impact
Token 1 paisa dividend confirmed; approvals enable higher borrowings and possible debt-to-equity conversion that may affect shareholding.