Announced Tue, 23 Jun · 17:43 IST
Board to consider converting loans and debt into equity shares on June 26
Board & Shareholder Meetings View source PDF
MGEL · price
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AI summary
Mangalam Global Enterprise has informed BSE that its Board will meet on Friday, June 26, 2026 to consider approving an enabling resolution for converting outstanding secured and unsecured loans and debt into equity shares of the company. The conversion will be under Section 62(3) of the Companies Act 2013 and SEBI ICDR Regulations, subject to shareholder and other regulatory approvals. The board may also take up other business matters.
Likely market impact
Possible equity dilution for existing shareholders if the loan to equity conversion is approved, though it may also reduce the company's debt burden.