Mangalam Cement Limited has closed its trading window for dealing in company securities from October 1, 2026. The closure will remain in effect until 48 hours after the declaration of the un-audited financial results for the quarter and half year ending September 30, 2026.

This action is taken in compliance with the company's Code of Conduct for Prohibition of Insider Trading and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Scope of the restriction

The trading window closure applies to all Designated Persons of the company and their immediate relatives. This measure ensures that individuals with access to unpublished price-sensitive information refrain from trading during this period.

Compliance details

The intimation was filed with both the National Stock Exchange of India Ltd. and BSE Limited on September 28, 2026. Pawan Kumar Thakur, Company Secretary and Compliance Officer, signed the communication digitally.

No financial figures or operational metrics were disclosed in this filing, as it pertains solely to procedural compliance regarding insider trading regulations.

Mangalam Cement shareholders approved a significant increase in borrowing capacity during the company’s 50th Annual General Meeting held on August 21, 2026. The resolution raises the borrowing limit from ₹2,000 crore to ₹3,000 crore.

The meeting, conducted via video conferencing, also saw the adoption of audited financial statements for FY26 and the declaration of a final dividend of ₹1.50 per equity share. A total of 73 members representing 1,13,38,915 shares attended the proceedings.

Voting Results

Official voting results filed with exchanges confirm that all resolutions were approved by shareholders with the requisite majority. The total number of shares on record as of August 14, 2026, was 27,497,298. Votes polled represented 58.36% of outstanding shares.

Promoter and Promoter Group shareholders voted in favour of all resolutions with 100% support. Public institutional investors showed strong backing for ordinary resolutions but voted against special resolutions related to borrowing limits and director re-appointment at a rate of approximately 4.83%.

The highest dissent was recorded on the special resolution to increase borrowing limits and the ordinary resolution for director re-appointment, where 141,991 votes (0.88%) were cast against. All other resolutions received near-unanimous support.

Key Resolutions Passed

The Board placed several ordinary and special resolutions before the members. The most material outcome was the approval to enhance borrowing limits under Section 180(1)(c) of the Companies Act, 2013. This special resolution allows the company to access an additional ₹1,000 crore in debt financing.

Shareholders also approved authority to create charges or mortgages on company assets up to ₹3,000 crore. Additionally, consent was granted for loans and guarantees involving directors under Section 185 of the Companies Act, 2013. The remuneration of cost auditors M/s J. K. Kabra & Co. for FY27 was ratified.

Governance and Compliance

Shri Anshuman Vikram Jalan, Chairman, presided over the meeting. The quorum was established with sufficient shareholding representation. Statutory auditors M/s Singhi & Co and secretarial auditors M/s Pinchaa & Co were present to oversee compliance.

The Company Secretary confirmed that all notices and financial statements had been circulated via email to registered members. E-voting facilities remained open for 15 minutes post-meeting to allow additional participation.