Mangalam Global Enterprise Limited has disclosed to stock exchanges that SEBI has passed a settlement order dated March 30, 2026, involving certain individuals connected to the company. The disclosure was made on April 04, 2026, pursuant to Regulation 30 of SEBI LODR Regulations, 2015.

Settlement Details and Process

The matter was resolved under SEBI Settlement Proceedings Regulations, 2018, with the concerned individuals paying settlement amounts without admission or denial of the alleged findings. This settlement has resulted in the disposal of proceedings that were initiated by SEBI through a Show Cause Notice dated February 10, 2025.

Nature of Alleged Violations

The settlement order addressed several alleged regulatory contraventions involving the company's financial reporting and governance practices. The violations encompassed multiple areas of compliance failures that SEBI had identified during its investigation.

Key Alleged Violations:

• Misstatement and misrepresentation of financial statements
• Recording of fictitious accounting entries
• Inadequate and misleading disclosures relating to related party transactions
• Diversion of funds to promoter group entities
• Failure of Independent Directors and Compliance Officers in discharging their duties
• Non-compliance with SEBI LODR Regulations and other applicable laws

Financial and Operational Impact

The company has clarified that the settlement will not materially affect its business operations or financial position. Since the settlement amounts were paid by the concerned individuals rather than the company itself, no direct monetary impact is attributable to Mangalam Global Enterprise.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI LODR Regulations and relevant SEBI circulars. The company noted that while the settlement order was dated March 30, 2026, it had not received formal communication from SEBI and became aware of the order through SEBI's official website.

The settlement marks the conclusion of regulatory proceedings that began with SEBI's show cause notice in February 2025, providing closure to the matter for all parties involved.

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.