Voluntarily submission of Postal Ballot Notice dated May 15, 2026 to approve Sub-Division of Equity Shares of the Company from the Face Value of Rs. 10/- each (Rupees Ten Only) into Face ....
MWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mangalam Worldwide Limited is seeking shareholder approval via postal ballot for a 10:1 stock split. Each equity share with face value of Rs. 10 will be subdivided into 10 shares of Rs. 1 each. The company's paid-up capital of Rs. 29.70 crore comprising 2.97 crore shares will become 29.70 crore shares at Re. 1 each post-split. The company states the split is intended to enhance liquidity and broaden the investor base. The record date for the split is May 15, 2026, with e-voting running from May 22 to June 20, 2026. The company also recently got listed on BSE Main Board effective May 27, 2026.
A stock split reduces the per-share price proportionally while increasing the number of shares, making shares more affordable for retail investors. This typically improves liquidity and accessibility. No direct financial impact on shareholder value.