Allotment of Equity shares on Preferential Basis.
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Manglam Global Corporations Ltd (formerly Kshitij Investments Ltd) has allotted 68,47,600 equity shares of face value ₹10 each at an issue price of ₹10 per share on a preferential basis, approved by the board on January 5, 2026. The issue price is equal to the face value, meaning no premium was charged. Shares were allotted to 25 allottees, the majority of whom are members of the Agrawal family (likely promoter/promoter group), with the top two allottees (Rahul Agrawal and Rohit Agrawal) receiving 23,35,000 shares each. The allotment is based on a special resolution passed at the AGM on September 11, 2025 and in-principle approval from BSE received on December 22, 2025. Total shares allotted are 68,47,600, representing a significant expansion of the equity base.
This is a promoter-group preferential allotment at face value, which will dilute existing shareholders' holdings without bringing in any new external capital at a premium. Shareholders should expect EPS dilution; however, since funds stay within the promoter group, the cash infusion (around ₹6.85 crore) is limited.