Mangalam Worldwide Limited has informed the Exchange regarding 'Clarification on Non submission of half yearly figures as per Regulation 33 of the SEBI (LODR) Regulations, 2015 for the period ended Mar 31, 2025 '.
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Awaiting price reaction for this filing.
Mangalam Worldwide, listed on NSE-Emerge, is clarifying why it did not submit half-yearly financial figures for H2 FY25 under SEBI LODR Regulation 33. The company had been voluntarily following Main Board listing rules since April 2024 after its paid-up capital crossed Rs 25 crore, and had filed quarterly results on time throughout FY25. NSE raised a fresh request for half-yearly figures on June 25, 2025 and then levied a penalty of Rs 1,30,000 for 26 days of non-compliance. The board approved and submitted the half-yearly results on June 28, 2025 and is asking NSE to withdraw the penalty. The filing also includes the audited FY25 results: standalone revenue rose to Rs 1,06,070.94 lakh (vs Rs 81,810.80 lakh in FY24) and net profit jumped to Rs 2,941.48 lakh from Rs 2,010.33 lakh. Separately, the notes mention a SEBI Show Cause Notice dated January 29, 2025 received in the matter of Mangalam Global Enterprise Limited alleging PFUTP regulation violations, to which the company has filed a preliminary response and a settlement application in March 2025.
The NSE fine of Rs 1.30 lakh is immaterial in size, but the regulatory tussle over filing format and the pending SEBI show cause notice in a related group entity matter are overhangs that investors should track. The strong FY25 earnings (revenue up ~30%, PAT up ~46% YoY) are a clear positive. Migration of stock from NSE-Emerge to the Main Board also remains pending.