30th AGM on July 30, 2026; key resolutions on borrowing, debt-to-equity and dividend
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Mangalam Worldwide 30th AGM on July 30, 2026 at 2 PM via video conferencing. Items include final dividend of Rs. 0.30 per share, re-appointment of director Mr. Mohit Agrawal, and new statutory auditor N.K. Aswani for 5 years. Key special resolutions seek to raise overall borrowing limit to Rs. 2,500 crore, allow lender conversion of debt into equity up to Rs. 2,500 crore, and expand loan and investment limits under Sections 186 and 185. Stock split from Rs. 10 to Re. 1 face value already approved via postal ballot. Cut-off date July 23, 2026.
Dividend modest at Rs. 0.30 per share. Large borrowing hike and debt-to-equity conversion option could dilute shareholders or fund expansion. Vote on key resolutions before July 23.