Attached herewith Notice of Postal Ballot dated 13.02.2026 of Mangalam Industrial Finance Limited
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Mangalam Industrial Finance has sent out a Postal Ballot notice seeking shareholder approval (via remote e-voting) for three ordinary resolutions. Each resolution seeks to revise the limit for material related party transactions with a different Wardwizard group company, capped at Rs. 30 crore each for FY 2025-26: (1) Wardwizard Solutions India Pvt Ltd, (2) Wardwizard Medicare Pvt Ltd, and (3) Wardwizard Foods & Beverages Ltd. These are furtherance of approvals previously granted via postal ballot on April 11, 2025. Voting is being conducted through NSDL's e-voting platform, starting February 20, 2026 (9:00 AM) and ending March 21, 2026 (5:00 PM). Results will be declared by March 24, 2026. The scrutinizer for the process is Mr. Kamal A Lalani, Practicing Company Secretary.
Shareholders are being asked to approve higher transaction limits (Rs. 30 crore each) with three related parties, all belonging to the Wardwizard group, suggesting significant inter-group business activity. Investors should evaluate the arm's-length basis and rationale of these transactions before casting their vote, as related party deals are a common area of governance scrutiny.