MWLNSEMangalam Worldwide LimitedMediumNegative
Announced Thu, 10 Jul · 14:59 IST

The Exchange had sought clarification from Mangalam Worldwide Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI -2. Standalone Reconciliation of profit and loss not submitted -3. Consolidated Reconciliation of profit and loss not submitted -4. Financial results submitted in XBRL with discrepancies The response of the Company is enclosed.

Sebi InvestigationRegulatory & Legal View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

NSE had asked Mangalam Worldwide to explain non-submission of half-yearly figures in the prescribed format, missing standalone and consolidated profit & loss reconciliations, and XBRL discrepancies for the period ended 31-March-2025. The company has now submitted the audited half-yearly results, both standalone and consolidated reconciliation statements, a corrected XBRL filing, the auditors' report, and a Statement of Deviation for funds raised through convertible warrants. NSE had earlier levied a penalty on 27-June-2025, which the company has requested to be waived. Strong underlying numbers are visible: standalone FY25 total income rose to Rs. 1,06,603 lakhs (about 30% YoY) and net profit jumped to Rs. 2,941 lakhs (about 46% YoY), with basic EPS of Rs. 10.57. The filing also highlights a SEBI Show Cause Notice dated 29-January-2025 in the related Mangalam Global Enterprise matter, for which the company has filed a settlement application in March 2025.

Likely market impact

Compliance gap on half-yearly reporting has been largely plugged, removing near-term listing-disclosure overhang, though the NSE penalty waiver is still pending. The strong FY25 earnings growth is a positive for shareholders, but the SEBI Show Cause Notice and pending settlement process in a related-group matter remains a regulatory risk to monitor.