Outcome of Board Meeting for allotment of Shares
Price
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The board of Manglam Global Corporations Ltd (formerly Kshitij Investments Ltd) approved the allotment of 68,47,600 equity shares at ₹10 per share (at par value, no premium) on a preferential basis. The total capital raised is approximately ₹6.85 crore. The shares were allotted to 25 individuals, most of whom belong to the Agrawal family, indicating the allotment is primarily to the promoter/promoter group. The issue was based on a special resolution passed at the AGM on September 11, 2025, and BSE's in-principle approval received on December 22, 2025.
This preferential allotment to promoter-related individuals will increase the promoter group's shareholding in the company. Since shares were issued at par (no premium), existing non-promoter shareholders face dilution without any value accretion from premium pricing.