Attached herewith Notice of Postal Ballot 16th June, 2025 of Mangalam Industrial Finance Limited
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Mangalam Industrial Finance Ltd has sent out a Postal Ballot notice (dated June 16, 2025) seeking shareholder approval to raise its authorized share capital from Rs. 126.17 crore to Rs. 150 crore, by creating an additional 23.83 crore equity shares of Re. 1 each. The company says this extra headroom is needed to facilitate any future fundraising through routes such as rights issue, QIP, preferential allotment, private placement, or a public issue. The amendment will also require a change to Clause V of the Memorandum of Association. Voting will be conducted electronically through NSDL from June 19, 2025 (9:00 AM) to July 18, 2025 (5:00 PM), with the cut-off date for eligibility set at June 13, 2025. Results are expected to be declared by July 22, 2025.
If approved, the company gains flexibility to raise fresh capital in the future, but existing shareholders should note that the creation of new authorized shares could eventually lead to dilution if those shares are actually issued. The resolution itself does not issue any new shares — it only increases the ceiling for future issuance.