Register of Members and Share Transfer will remain closed from April 21st April 2026 to April 27th 2026(both days inclusive) for the purpose of EGM.
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 Ltd has called an EGM on April 27th, 2026 via video conferencing to vote on five agenda items. The key proposals include: (1) Approval of material related party transactions worth up to ₹50-250 crore each with five related parties including Manglam Food Products, Shri Krishnam Industries, and others for trading, services, loans and advances; (2) Seeking approval to borrow up to ₹200 crore under Section 180(1)(c); (3) Acquisition of 100% equity shares (6.30 lakh shares) of Shri Krishnam Industries Private Limited to make it a wholly-owned subsidiary; (4) Acquisition of 100% equity shares (60 lakh shares) of Manglam Food Products Private Limited to make it a wholly-owned subsidiary; (5) Ratification of prior related party transaction with Shri Satguru Agromills for ₹73.03 lakh. Book closure is from April 21-27, 2026 and e-voting runs from April 24-26, 2026.
The acquisitions of two wholly-owned subsidiaries and large related party transactions indicate expansion plans. Shareholders should note the significant exposure to related party dealings (up to ₹200 crore in loans/borrowings) and monitor for potential conflicts of interest. The ₹200 crore borrowing limit approval could increase the company's leverage.