Mangalam Global Enterprise Limited has informed the Exchange that Board of Directors at its meeting held on April 18, 2026, recommended Final Dividend of Rs. 0.01 per equity share.face value Rs. 1/- (i.e. 1% of face value)
MGEL · price
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Mangalam Global Enterprise Limited reported strong FY26 results with standalone revenue of Rs. 29,617 Lakhs (up 41.5% YoY) and net profit of Rs. 4,137 Lakhs (up 90% YoY). Consolidated revenue reached Rs. 33,845 Lakhs with net profit of Rs. 4,522 Lakhs. The Board recommended a final dividend of Rs. 0.01 per equity share (1% of face value Rs. 1), aggregating Rs. 32.96 Lakhs, subject to shareholder approval at the ensuing AGM. The company also appointed new internal and cost auditors for FY27. Additional disclosures note a SEBI show cause notice from February 2025 regarding a forensic audit, with the company having filed a settlement application.
The company delivered robust profit growth, but the dividend of just 1% of face value is minimal and unlikely to significantly impact shareholder returns. The SEBI show cause notice remains an outstanding regulatory concern.