Mangalam Worldwide Limited has informed the Exchange regarding Appointment of Mr Susanta Kumar Panda as Non- Executive Independent Director of the company w.e.f. Jun 28, 2025.
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Mangalam Worldwide Limited has appointed Mr. Susanta Kumar Panda as an Additional Independent Director for a 5-year term starting June 28, 2025, subject to shareholder approval at the upcoming AGM. Mr. Panda is a retired 1982-batch Indian Revenue Service (Customs & Excise) officer with extensive experience in governance, including serving as Special Secretary, Department of Revenue, and Special Director of the Enforcement Directorate. The board also approved the re-appointment of Mr. Mohit Kailash Agrawal as Whole Time Director & CFO for another 3 years effective August 6, 2025, pending shareholder approval. Mr. Agrawal is a Chartered Accountant with 27 years of experience in finance, accounts, legal, and commercial matters. Neither appointee is related to the promoters or debarred by SEBI.
This is a routine governance announcement. The addition of a senior former bureaucrat with regulatory and investigative experience to the board could strengthen oversight, while the continuity of the CFO provides stability. No immediate material impact on shareholders is expected, as both changes are subject to AGM approval.