Acquired 100% stake in Manglam Food Products for Rs 6 crore
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manglam Global Corporations has acquired 100% equity stake in Manglam Food Products Private Limited for Rs 6 crore in cash, making it a wholly owned subsidiary. The target deals in rice, grains, pulses, flour and spices, and was incorporated on 24 March 2026 with no independent turnover yet. The acquisition is a related party transaction as the promoter group is interested. It will add a new food processing vertical to the company for future revenue.
New food processing vertical added, but target has no revenue yet and is a related party deal. Watch for execution and future earnings contribution.