Announced Tue, 28 Apr · 14:37 IST

Attached herewith Scrutinizer report of Mangalam Industrial Finance Limited

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-7.2%1-day move
₹0.69
prior close
₹0.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.4+0.0+0.0-7.2-11.6-7.2-11.6-7.2-10.1-11.6+1.4-11.6
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AI summary

Mangalam Industrial Finance Limited has disclosed the results of its postal ballot conducted via remote e-voting from March 27 to April 25, 2026. A total of 12 resolutions were put to vote, all of which were passed with overwhelming shareholder approval (above 99.5%). Items 1–11 were Ordinary Resolutions approving material related party transactions (RPTs) with 11 entities including Yatin Sanjay Gupte, Venkata Ramana Revuru, and various Wardwizard group companies (Solutions, Innovations & Mobility, Foods & Beverages, Medicare, Aviation, Healthcare, Foundation, Properties Holdings), plus iSecure Credit & Capital Services Ltd. Item 12 was a Special Resolution for the re-appointment of Mr. Venkata Ramana Revuru as Managing Director with remuneration approval. For RPT items, promoters abstained from voting (interest declared), and only public non-institutional shareholders participated (~10.9% of their shares voted). For the MD re-appointment, all promoter shares were voted in favour (100%). Total votes polled ranged from 6.8–13.9% of total outstanding shares.

Likely market impact

All related party transactions have been validly approved by minority shareholders, indicating no major governance objections. The MD reappointment also passed with 99.81% support. The low overall voter turnout (~7%) suggests limited retail investor participation, but the large margin of approval provides legitimacy to the transactions.