Voluntarily submission of Outcome of the meeting of the Board of Directors of Mangalam Worldwide Limited held on May 15, 2026 for the purpose of sub-division/split of the Company's equity ....
MWL · price
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On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.4 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 Ltd's Board has approved a stock split, dividing each equity share with a face value of Rs. 10 into 10 shares with a face value of Re. 1 each. The split is subject to shareholder approval via Postal Ballot and regulatory approvals. The company's paid-up capital of Rs. 29.70 crore (2.97 crore shares) will remain unchanged, but the number of shares will increase 10-fold. The rationale stated is to enhance liquidity in the capital market, widen the shareholder base, and make shares more affordable for small investors. The record date for the split will be announced later.
This split makes shares more affordable and accessible to retail investors, which could increase trading volume and liquidity. It does not change the fundamental value of holdings but divides the price per share proportionally.