Mangalam Worldwide Limited has informed the Exchange regarding Outcome of Board Meeting held on July 12, 2025.
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Mangalam Worldwide Limited's board, at its meeting on July 12, 2025, approved the migration of its equity shares from the NSE SME Emerge Platform to the Main Board of both NSE and BSE, under SEBI (ICDR) Regulations, 2018. The move is subject to approval from shareholders, NSE, BSE, and other regulatory bodies. The company also appointed M/s. Manoj Hurkat & Associates as scrutinizer for the postal ballot process through remote e-voting to seek shareholder approval. The board approved the draft postal ballot notice and authorized executives to send it to eligible members. A copy of the postal ballot notice will be submitted to the stock exchange and hosted on the company's website.
Migration to the main board is generally positive for shareholders, as it can improve stock visibility, attract institutional investors, and enhance liquidity. However, the move still requires shareholder and exchange approvals before taking effect.