As Intimated earlier about 46th AGM of our Company, Which will be held on Thursday,11 September, 2025 at 4:00 PM through Video Conferencing ("VC") / other Audio visual means("OAVM")
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Awaiting price reaction for this filing.
Manglam Global Corporations has submitted the notice and annual report for its 46th AGM to be held on 11th September 2025 at 4:00 PM through video conferencing. The AGM includes ordinary business of adopting the FY25 audited financial statements and re-appointment of Managing Director Rahul Agrawal. The key special business is a proposal to issue 68,47,600 equity shares at Rs. 10 each (aggregating Rs. 6.85 crore) on a preferential basis to 25 allottees, including promoters Rahul Agrawal and Rohit Agrawal (23.35 lakh shares each) and 23 non-promoter allottees mostly from the Agrawal family. Additionally, the company is seeking shareholder approval for material related party transaction limits covering purchase of agri commodities (Rs. 10 crore each), sale of agri commodities (Rs. 100 crore each), manufacturing/processing services (Rs. 10 crore each), warehousing services (Rs. 1 crore each), borrowing from related parties up to Rs. 200 crore, and lending to related parties up to Rs. 100 crore.
The preferential issue at par (Rs. 10) without any premium is dilutive for existing shareholders, with promoters increasing their stake through 46.7 lakh shares combined. The large related party transaction limits — particularly Rs. 200 crore borrowing and Rs. 100 crore lending — signal significant inter-group financial activity that shareholders should evaluate carefully for arm's-length pricing and conflict of interest risks.