Mangalam Worldwide Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 28, 2025.
MWL · price
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Awaiting price reaction for this filing.
The board of Mangalam Worldwide Limited met on June 28, 2025 and approved multiple items for FY 2024-25. It recommended a final dividend of Rs. 0.20 per equity share (on a face value of Rs. 10), with the record date fixed as Friday, July 18, 2025 to determine eligible shareholders. The 29th Annual General Meeting was scheduled for Monday, August 4, 2025 at 2:00 PM, to be held via video conferencing. Mr. Mohit Kailash Agrawal (Chartered Accountant with 27 years of experience) was re-appointed as Whole Time Director and CFO for a 3-year term from August 6, 2025. Mr. Susanta Kumar Panda, a retired Indian Revenue Service officer and existing independent director at companies like Zee Media, Vishal Fabrics, and Paytm Payments Services, was appointed as Additional Independent Director for 5 years. M/s. Manoj Hurkat & Associates was appointed as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
The Rs. 0.20 dividend is modest (2% on face value), offering limited direct yield to shareholders. Investors should note the July 18, 2025 record date to be eligible for the payout. The leadership changes are largely continuity moves and should not materially affect stock price.