Cut-off date for determining the eligibility to vote by electronic means or in the general meeting has been fixed as 20th April 2026.
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Manglam Global Corporations Ltd has called an EGM on April 27, 2026 via video conferencing to seek shareholder approval for multiple significant corporate actions. The meeting will consider related party transactions worth up to ₹860 crore across 8 categories including sale/purchase of agri commodities, manufacturing services, warehousing, loans, and share acquisitions. Key resolutions include approval for borrowing powers up to ₹200 crore under Section 180(1)(c) and acquisition of 100% equity shares in two wholly-owned subsidiaries - Shri Krishnam Industries Private Limited (6.30 lakh shares) and Manglam Food Products Private Limited (60 lakh shares). The company also seeks ratification for an existing related party transaction with Shri Satguru Agromills Private Limited worth ₹73.03 lakh. The record date for voting eligibility is April 20, 2026 with e-voting available from April 24-26, 2026.
Shareholders should carefully review the proposed related party transactions involving entities with common directors/promoters and the two acquisition proposals as these involve significant fund flows and potential consolidation of group entities. The borrowing limit increase to ₹200 crore provides greater financial flexibility but also increases leverage.