Mangalam Global Enterprise Limited has informed the Exchange about Approval/ No-objection letters received under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Mangalam Global Enterprise Limited has received no-objection letters from both NSE and BSE to reclassify Radhika Bansal from the 'Promoter Group' category to the 'Public' category. Radhika Bansal holds 10,00,000 shares, representing 0.30% of the total paid-up share capital. The company's application for this reclassification was originally filed on January 17, 2026, and both exchanges approved it on March 24, 2026. This is a procedural change in shareholding classification and does not involve any actual sale or transfer of shares. The promoter group's stated shareholding will reduce by 0.30% on paper, while the public shareholding will increase correspondingly.
This is a minor administrative reclassification with negligible impact on shareholder structure since it involves only 0.30% of share capital. The promoter group slightly reduces, and the public category increases by the same tiny amount. No material impact on stock price or control is expected.