Mangalam Global Enterprise Limited has issued a clarification to BSE Limited regarding recent significant movement in its stock price and trading volume. The response came following an inquiry from the exchange dated March 25, 2026.

Company's Response to BSE Inquiry

The company addressed BSE's reference number L/SURV/ONL/PV/SJ/2025-2026/3467, which sought clarification on the notable price and volume movements in Mangalam Global Enterprise's securities. Managing Director Chanakya Prakash Mangal signed the response on March 26, 2026.

Disclosure Compliance Statement

Mangalam Global Enterprise confirmed its adherence to regulatory requirements under SEBI regulations. The company provided the following key clarifications:

Regulatory Framework Reference

The clarification specifically referenced Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that no impending announcements or events exist that would require disclosure under these regulations and could influence its securities' performance.

Market-Driven Movement Explanation

Mangalam Global Enterprise attributed the stock price and volume fluctuations entirely to market forces. The company explicitly stated it has no role in the recent trading activity and confirmed all material information affecting operations and performance has been disclosed as required by regulations.

Mangalam Global Enterprise Limited has successfully obtained regulatory approval from both major Indian stock exchanges for the reclassification of a promoter group member to the public category. The company received no-objection letters from the National Stock Exchange of India Limited and BSE Limited on March 24, 2026, marking the completion of a regulatory process initiated earlier this year.

Reclassification Details

The approval pertains to the reclassification of Radhika Bansal from the "Promoter Group" category to the "Public" category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification involves a significant shareholding position within the company's ownership structure.

Regulatory Process and Timeline

The reclassification process followed established regulatory procedures under SEBI guidelines. Mangalam Global Enterprise Limited initially submitted its application to both exchanges on January 17, 2026, requesting the reclassification of the promoter group member.

Both exchanges processed the application and issued their respective approval letters:

• NSE Reference: NSE/LIST/COMP/MGEL/550/2025-2026
• BSE Reference: LIST/COMP/HG/745/2025-26
• Approval Date: March 24, 2026

Exchange Communications

The National Stock Exchange granted its no-objection through Manager – Listing Compliance Apeksha Raichura, while BSE Limited issued its approval through Deputy Vice President Jayshree Soni and Manager Shyam Bhagirath from the Listing Compliance department.

Both exchanges emphasized the company's obligation to ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI LODR Regulations, 2015.

Company Compliance

The reclassification was communicated to the exchanges by Company Secretary & Compliance Officer Karansingh I. Karki (Mem. No. A30021), ensuring proper documentation and regulatory compliance. The company has been directed to forward the approval letters to depositories, registrar and share transfer agents for necessary action at their end.

This reclassification represents a standard corporate governance procedure that allows for the orderly transition of shareholding categories while maintaining transparency and regulatory compliance in the Indian capital markets.