Mangalam Worldwide Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.
MWL · price
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Mangalam Worldwide Limited's Board has approved a 10-for-1 stock split, reducing the face value of each equity share from Rs. 10 to Re. 1. The company's paid-up share capital of Rs. 29.70 crore will remain unchanged, but the number of shares will increase from 2.97 crore to 29.70 crore shares. The split aims to enhance liquidity, widen the shareholder base, and make shares more affordable for small investors. The decision requires shareholder approval via Postal Ballot, with the cut-off date fixed at May 15, 2026.
The stock split is generally positive for retail investors as it reduces the ticket size per share, potentially improving liquidity and accessibility. However, the actual value of holdings remains the same until market price adjusts accordingly.