Attached herewith Notice of Postal Ballot of Mangalam Industrial Finance Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mangalam Industrial Finance Ltd has issued a postal ballot notice seeking shareholder approval for 9 material related party transactions for FY 2026-27. All items are ordinary resolutions tabled under Section 188 of the Companies Act, 2013 and SEBI Listing Regulations. The proposed limits include Rs 50 crore with Wardwizard Solutions India Pvt Ltd, Rs 40 crore with I Secure Credit & Capital Services Ltd, Rs 35 crore with Wardwizard Innovations & Mobility Ltd, Rs 25 crore each with Wardwizard Foods & Beverages and Wardwizard Medicare, Rs 15 crore with Wardwizard Aviation, and smaller limits with individuals Yatin Sanjay Gupte (Rs 10 crore) and Venkata Ramana Revuru (Rs 1 crore). E-voting is open from March 27, 2026 to April 25, 2026 via NSDL, with results expected by April 28, 2026. Mr. Kamal A Lalani, Practicing Company Secretary, has been appointed as the scrutinizer. The company has dispensed with physical dispatch of the notice and voting will be only through electronic mode.
Shareholders should review and vote on these related party transactions, as they involve significant exposure (over Rs 200 crore combined) to the Wardwizard group of companies. Approval is a regulatory formality but signals deep business linkages with the promoter group, which minority shareholders should evaluate carefully.