Attached Voting Results 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 conducted a Postal Ballot (e-voting from 20 Feb to 21 Mar 2026) seeking shareholder approval for three ordinary resolutions to revise limits of material related party transactions with Wardwizard Solutions India Pvt Ltd, Wardwizard Medicare Pvt Ltd, and Wardwizard Foods & Beverages Ltd. Out of 1,98,693 total shareholders, only public non-institutions participated, with roughly 78.1 lakh shares voted (less than 1% of the 142.5 crore outstanding shares). All three resolutions passed with comfortable majority, receiving 95.52%, 95.37%, and 95.66% votes in favour respectively. The promoter group (holding ~62.66 crore shares, ~44% stake) was interested in the resolutions and abstained from voting.
Shareholders have approved higher transaction limits between the company and three Wardwizard Group entities, enabling more flexibility in related-party dealings. For minority shareholders, low voting turnout (<1%) and promoter abstention mean the resolutions were carried primarily by public non-institutional votes, which investors should note when assessing governance and related-party exposure.