Mangalam Worldwide Limited has informed the Exchange regarding a press release dated May 16, 2026, titled "Press Release with reference to sub-division/split of the Company s equity shares having face value of ₹10 (Rupees Ten Only) each, into 10 (Ten) Equity shares having face value of Re. 1 (Rupee One Only) each fully paid-up.".
MWL · price
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Mangalam Worldwide Limited's Board of Directors has approved a stock split proposal to subdivide the company's equity shares from face value ₹10 each into 10 equity shares with face value ₹1 each, subject to shareholder and regulatory approvals. The split aims to enhance liquidity in the company's equity shares and encourage broader participation from retail investors. The company also reported strong FY26 financials with revenue of ₹1,214.98 crore and PAT of ₹50.14 crore. Additionally, the Board recommended a final dividend of ₹0.30 per equity share (FV ₹10) for FY26 and approved a proposal for direct listing on BSE Main Board.
The stock split will make shares more affordable for retail investors and improve trading liquidity, though it does not change the total value of shareholders' holdings. The company's strong financial performance supports positive sentiment.