Attached herewith Outcome 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 announced the results of a postal ballot (conducted via e-voting through NSDL) for three ordinary resolutions seeking shareholder approval to revise the limits of material related party transactions with three Wardwizard group companies – Wardwizard Solutions India Pvt Ltd, Wardwizard Medicare Pvt Ltd, and Wardwizard Foods & Beverages Ltd. The promoter and promoter group were interested in all three resolutions and abstained from voting. Among the public non-institutional shareholders who cast votes, over 95% voted in favor of each resolution (Resolution 1: 95.52% in favor, Resolution 2: 95.37% in favor, Resolution 3: 95.66% in favor). All three resolutions were passed with the requisite majority. The e-voting period closed on 21st March 2026 and results were announced on 24th March 2026.
Shareholders have approved higher transaction limits with three Wardwizard group companies, giving the company more flexibility to conduct related-party deals. Retail investors should note that promoters were interested parties in all three resolutions and abstained from voting, which is typical for related-party approvals but warrants monitoring of the actual transactions that follow.