Mangalam Worldwide Limited has informed the Exchange regarding Notice of Postal Ballot
MWL · price
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Mangalam Worldwide Limited has issued a Postal Ballot Notice seeking shareholder approval to migrate its equity shares from the NSE Emerge (SME) platform to the Main Board of both NSE and BSE. The company was originally listed on NSE Emerge on July 11, 2022, having raised Rs. 65.58 crore through an SME IPO of 64.93 lakh shares at Rs. 101 per share. Current paid-up capital stands at Rs. 29.70 crore, comprising 2.97 crore equity shares of Rs. 10 face value. The migration requires a Special Resolution, with non-promoter votes in favour needing to be at least twice the non-promoter votes against. E-voting is open from July 16, 2025 to August 14, 2025, with results expected within two working days thereafter.
If approved, the move to the Main Board is likely to improve share liquidity, attract institutional investors, and increase the company's visibility and valuation prospects. For shareholders, this upgrade signals a maturation of the business and is generally viewed as a positive corporate event, though no immediate change in share price is guaranteed.