Mangalam Global Enterprise Limited shareholders approved a final dividend of Re. 0.01 per equity share and authorized an increase in the company’s overall borrowing limits at its 16th Annual General Meeting (AGM) held on July 27, 2026. The virtual meeting, conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM), also passed special resolutions to enhance limits for loans, investments, and guarantees under Section 186 of the Companies Act, 2013, and to approve the conversion of outstanding secured or unsecured debt into equity shares.

The AGM commenced at 02:00 p.m. (IST) and concluded at 02:51 p.m. (IST), with e-voting facilitated by MUFG Intime India Private Limited (MIPL). The remote e-voting window was open from July 23, 2026, to July 26, 2026, with a cut-off date of July 21, 2026. M/s. RPSS & Co., Company Secretaries, served as the scrutinizer for the voting process, while M/s. Keyur Shah & Co., Chartered Accountants, were present as the statutory auditors for the financial year ended March 31, 2026. The meeting was chaired by Mr. Vipin Prakash Mangal, Chairman & Executive Director, who addressed shareholders on the company’s performance during FY25-26.

Key Resolutions Passed

The shareholders approved several ordinary and special resolutions critical to the company’s governance and capital structure. The ordinary business included the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Chanakya Prakash Mangal as a director retiring by rotation.

In addition to the borrowing limits, shareholders approved a corrigendum to the notice of the postal ballot dated January 13, 2026, and authorized loans, guarantees, or security under Section 185 of the Companies Act, 2013. A significant governance change was approved with the appointment of Mrs. Reena Unmesh Wagh as Whole-time Director, designated as Executive Director.

Dividend and Governance Updates

The declared final dividend of Re. 0.01 per equity share of ₹1 each will be credited to members on or before August 26, 2026. The Board of Directors’ report and Auditor’s Report for the financial year ended March 31, 2026, were taken as read with member consent. The statutory registers remain available for inspection electronically on the company’s website.

The meeting adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. Company Secretary Karansingh I. Karki confirmed that the quorum was met with 52 members present, ensuring the validity of all proceedings. The full transcript of the AGM is available on the company’s website for shareholder reference.

Mangalam Global Enterprise inaugurated two new retail stores under its NEAT EVERYDAY brand on July 10, 2026, located at Gami Reagan in Ghansoli, Navi Mumbai, and Godrej Urban Park in Chandivali, Mumbai. This expansion is part of the company's strategy to strengthen its retail footprint and enhance customer accessibility to its wellness and beauty products.

The newly opened stores will offer a curated range of nutraceutical, wellness, beauty, and personal care products. The company stated that this move reflects its commitment to promoting holistic well-being through high-quality and trusted offerings. The addition of these outlets is expected to support the long-term growth and development of the NEAT EVERYDAY brand.

Store Details

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's existing retail network has now been expanded with these new additions.