Pursuant to Regulation 30 and schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Board of Directors of the Company at its meeting held today, ....
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The Board of Directors of Mangalam Industrial Finance Ltd, at its meeting on 16th June 2025, approved an increase in the company's Authorised Share Capital from Rs. 126.17 crore to Rs. 150 crore. This increase is to be done by creating 23.83 crore additional equity shares of Re. 1 each, along with a corresponding amendment to the Memorandum of Association. The proposal is subject to shareholder approval, for which a Postal Ballot notice will be circulated on 17th June 2025. The e-voting window runs from 19th June 2025 to 18th July 2025, with CS Kamal A. Lalani appointed as scrutinizer for the process.
This is a preparatory corporate action that gives the company headroom to issue more equity shares in the future, but no actual fundraising or dilution has been announced yet. Shareholders will vote on the capital increase via postal ballot, and any potential dilution will depend on future board decisions.