Mangalam Worldwide Limited has informed the Exchange regarding Notice of Postal Ballot dated May 15, 2026.
MWL · price
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Mangalam Worldwide Limited is seeking shareholder approval via postal ballot for a stock split (sub-division) of equity shares. Each equity share with face value of Rs. 10 will be split into 10 shares with face value of Re. 1 each. The authorized share capital of Rs. 44.53 crore will remain the same but will now be divided into 39.75 crore equity shares of Re. 1 each (previously 3.98 crore shares of Rs. 10). The paid-up capital of Rs. 29.70 crore (2.97 crore shares of Rs. 10) will become 29.70 crore shares of Re. 1 each. E-voting runs from May 22, 2026 to June 20, 2026. The company states the rationale is to enhance liquidity and broaden the investor base.
The stock split makes shares more affordable for retail investors, which typically improves liquidity and accessibility. Existing shareholders will receive 10 new shares for every 1 share held, with no change in total investment value.