Mrs. Sarika Sachin Modi has resigned as Non-Executive Independent Director of Mangalam Global Enterprise Limited effective July 4, 2026, due to personal preoccupation and other professional commitments. The resignation was tendered with effect from the close of business hours on the specified date. Consequently, she has ceased to be the Chairperson and Member of the company's committee from the same date.

The company received a confirmation from Mrs. Sarika Sachin Modi that there are no material reasons for her resignation other than those stated in her resignation letter. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Sarika Sachin Modi holds the position of Independent Director in Mangalam Worldwide Limited. Additionally, she serves as the Chairperson of the Stakeholders Relationship Committee and Member of the Nomination and Remuneration Committee of Mangalam Worldwide Limited.

The resignation was accepted by the Board of Directors of Mangalam Global Enterprise Limited. The company has enclosed the resignation letter and the required details under Regulation 30 of SEBI (LODR) Regulations, 2015.

Mangalam Global Enterprise Limited has entered India's wellness sector with the launch of its new brand, NEAT Everyday, and the inauguration of three experience stores in Goregaon, Borivali, and Ghatkopar. This strategic move marks the company's retail debut, strengthening its omnichannel presence and enhancing consumer access to its wellness and personal care product range. The newly opened outlets, covering approximately 985 sq. ft., complement the brand's existing digital platform and physical retail network.

Following the successful launch of five stores and one kiosk in Ahmedabad and one store in Indore, the addition of these three Mumbai locations brings the total count to nine stores and one kiosk. This expansion is part of the company's retail-led growth strategy, aiming to establish a trusted omnichannel wellness brand in India. Mangalam Global Enterprise plans to scale this footprint to 100 stores over the next two years, focusing on key metropolitan markets and high-growth Tier I and Tier II cities.

Product Portfolio and Strategy

NEAT Everyday offers a curated portfolio of over 25 variants across multiple pack sizes, including nutraceuticals, gummies, vegan plant-based capsules, cold-pressed oils, and personal care essentials. The products are developed using natural ingredients and contemporary formulations to cater to the rising demand for preventive wellness, ingredient transparency, and clean-label personal care solutions. The brand's gel capsules feature Pure Vegan plant-based packaging, aligning with consumer preferences for sustainable options.

Expansion Details

The following table summarizes the key details of the latest retail expansion:

The company submitted the disclosure to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Karansingh Imansingh Karki, Company Secretary & Compliance Officer, signed the filing on behalf of Mangalam Global Enterprise Limited.