Mangalam Worldwide Limited has informed the Exchange regarding appointment M/s. V. M. Patel & Associates, Cost Accountant (Firm Registration No: 101519), as Cost Auditor for the financial year 2026-27 at its meeting held on 29th April 2026
MWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mangalam Worldwide Limited held its Board Meeting on April 29, 2026, where several key decisions were taken. The company approved Standalone and Consolidated Audited Financial Results for Q4 and FY ended March 31, 2026 with Unmodified Opinion (clean audit). The Board recommended a Final Dividend of Rs. 0.30 per equity share (3% on face value Rs. 10) for FY2026, subject to shareholder approval at the AGM. The company also appointed M/s. V. M. Patel & Associates (FRN: 101519) as Cost Auditor for FY 2026-27. Additionally, Mr. Chanakya Prakash Mangal's designation was changed from Managing Director to Non-Executive Non-Independent Director effective April 29, 2026. The Board also approved a proposal for direct listing on BSE Main Board, subject to regulatory approvals.
The appointment of cost and internal auditors is routine compliance. However, the change in Mr. Chanakya Mangal's designation from Managing Director to Non-Executive Director (while holding 44,25,500 promoter shares) and the proposal for BSE listing are notable governance and structural developments that shareholders should monitor.