Mangalam Worldwide Limited has informed the Exchange that the Board of Directors at its meeting held on May 15, 2026, has considered and approved the alteration in the capital of the Company by sub-division/split of existing equity share of the Company from 1 (one) equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 10 (ten) equity shares having face value of Re. 1 (Rupee One) each fully paid-up, subject to the approval of shareholders of the Company.
MWL · price
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On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 2.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mangalam Worldwide Limited's Board of Directors approved splitting each equity share with face value of Rs. 10 into 10 equity shares with face value of Re. 1 each. The company's issued and paid-up capital of approximately Rs. 29.70 crore (2,97,00,674 shares) will remain unchanged in value terms post-split. The split requires shareholder approval via Postal Ballot and regulatory approvals. The rationale stated is to enhance liquidity in the capital market, widen the shareholder base, and make shares more affordable to small investors. The record date will be intimated separately.
A 10:1 stock split makes shares more accessible to retail investors by lowering the per-share price, while the total investment value remains the same. This is typically positive sentiment-wise as it signals management confidence and aims to improve trading liquidity.