DY Captive Projects LLP, a promoter entity, has disclosed the sale of 16,70,736 equity shares in Mangalam Industrial Finance Limited through open market transactions. The sale was executed across two trading sessions on March 24-25, 2026, and disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Transaction Details

The share sale represents a reduction in DY Captive Projects' stake in the financial services company. The transactions were conducted through open market sales across two consecutive trading days, indicating the shares were sold through regular stock exchange trading mechanisms.

Shareholding Changes

The sale resulted in a decrease in DY Captive Projects' ownership percentage in Mangalam Industrial Finance. The entity's shareholding position before and after the transaction shows the following changes:

Company Information

Mangalam Industrial Finance Limited is listed on BSE Limited under script code 537800. The company's equity share capital stands at ₹1,42,51,29,928, divided into 1,42,51,29,928 equity shares of Re. 1 each. The share capital structure remained unchanged following this transaction.

Regulatory Compliance

The disclosure was made by Kameshwar Singh, Designated Partner of DY Captive Projects LLP (DPIN: 08575577), in compliance with SEBI regulations. The entity confirmed its status as a promoter group member of Mangalam Industrial Finance Limited. The formal disclosure was submitted to both BSE Limited and the company's board of directors on March 27, 2026, ensuring full regulatory compliance.

DY Captive Projects LLP is registered with LLPIN AAO-5357 and operates from Pune, Maharashtra. The transaction represents a routine portfolio adjustment by the promoter entity while maintaining its significant stake in the financial services company. The disclosure was digitally signed and submitted with all required annexures as per SEBI takeover regulations.

Mangalam Industrial Finance Limited has successfully concluded its postal ballot process, announcing the results on March 24, 2026. The company received overwhelming shareholder support for all three proposed resolutions related to material related party transactions with Wardwizard group entities.

Postal Ballot Overview

The postal ballot notice was issued on February 13, 2026, with the remote e-voting period spanning from February 20, 2026, at 9:00 AM to March 21, 2026, at 5:00 PM. The scrutinizer, Kamal Lalani (FCS & B.Com, Practicing Company Secretary), submitted the final report on March 23, 2026.

Resolution Results

All three ordinary resolutions were approved with substantial majority support from shareholders. The resolutions involved revising limits for material related party transactions with three Wardwizard group companies under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI Listing Regulations.

Resolution 1: Wardwizard Solutions India Private Limited

Resolution 2: Wardwizard Medicare Private Limited

Resolution 3: Wardwizard Foods & Beverages Limited

Shareholding Structure

The company's shareholding pattern reveals a total of 1,42,51,29,928 shares distributed between promoter group and public shareholders. Notably, promoter and promoter group abstained from voting on all resolutions due to their interest in the proposed transactions.

Regulatory Compliance and Advertisement

Following the successful completion of the postal ballot process, the company published newspaper advertisements on March 26, 2026, confirming the completion of dispatch of postal ballot notice and remote e-voting information to members. The advertisement was published in compliance with Regulations 47 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot was conducted in accordance with the Companies Act, 2013, SEBI Listing Regulations, and MCA circulars. The company utilized NSDL's e-voting platform for the remote voting process. The scrutinizer confirmed that all resolutions were passed with requisite majority, and the voting process was conducted transparently with proper documentation and witness verification during the vote unblocking process.

The advertisement regarding the postal ballot was also published in Financial Express (English), Financial Express (Gujarati), and Arthik Lipi (Bengali) newspapers on March 19, 2026, ensuring comprehensive regulatory compliance throughout the process.