Mangalam Worldwide Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Mangalam Worldwide Limited has announced the results of a postal ballot conducted to seek shareholder approval for migrating its equity shares from the NSE SME platform (Emerge) to the Main Board of NSE and BSE. The special resolution was passed with 100% votes in favour — 2,19,54,674 shares (73.92% of total outstanding shares) were voted by 127 shareholders, with zero votes against. After excluding promoter votes (1,76,55,474 shares) as required under SEBI ICDR Regulations, the public non-institutional shareholders voted 42,99,200 shares entirely in favour, meeting the two-times threshold. The scrutinizer (CS Manoj Hurkat) confirmed the process was fair and transparent on August 14, 2025.
The migration from the SME platform to the Main Board is a positive development — it may improve the stock's visibility, liquidity, and attract more institutional investors. Shareholders should expect subsequent steps for the actual listing on the mainboard, subject to exchange approvals.