Mangalam Global Enterprise has changed the designation of Mr. Chandragupt Prakash Mangal from Managing Director to Director (Non-Executive Non-Independent Director) with effect from the close of business hours on June 26, 2026. The decision was taken during a board meeting held on Friday, June 26, 2026. Mr. Mangal is the son of Mr. Vipin Prakash Mangal, Chairman and Director, and the younger brother of Mr. Chanakya Prakash Mangal, Managing Director. He holds a graduate degree in Supply Chain Management from Indiana University and is a CFA Level III candidate.

The board approved the convening of the 16th Annual General Meeting (AGM) on Monday, July 27, 2026, at 2:00 P.M. IST via Video Conferencing or Other Audio-Visual Means. The remote e-voting period will commence on July 23, 2026, at 9:00 AM and conclude on July 26, 2026, at 5:00 PM. Shareholders holding shares in physical or dematerialized form as of July 21, 2026, are eligible to vote.

Mangalam Global Enterprise Limited has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹0.01 per equity share. The dividend is for the financial year ended March 31, 2026, and applies to shares with a face value of ₹1 each. If declared at the AGM, the dividend will be paid on or before August 26, 2026.

The board also passed an enabling resolution for the conversion of outstanding secured or unsecured loans or debt into equity shares. This conversion is subject to the provisions of Section 62(3) of the Companies Act, 2013, and SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, along with shareholder and regulatory approvals.

Key Board Decisions

Mangalam Global Enterprise Limited has launched NEAT Everyday, a new wellness and personal care brand, with the simultaneous opening of five retail outlets across Ahmedabad on June 04, 2026. This strategic move marks the Group's entry into India's nutraceuticals and wellness sector, leveraging over eight decades of expertise in agriculture and manufacturing. The brand aims to bridge traditional wellness wisdom with modern consumer needs through an omnichannel retail model.

The launch introduces a portfolio of more than 30 products, including oils, soft gels, capsules, and gummies, which are 100% vegan, gluten-free, and paraben-free. NEAT Everyday is built on the philosophy of "Passed Down with Purpose, Delivered with Love," focusing on natural ingredients and cold-pressed purity. The company projects significant growth potential in the Indian market, which is estimated to reach USD 34 billion by 2028, driven by rising demand for preventive healthcare and self-care solutions.

Brand Strategy and Expansion

Vipin Prakash Mangal, Chairman & Executive Director of Group Mangalam, emphasized the vision of combining traditional wellness with current lifestyles. The stores are designed as experiential discovery centres rather than mere retail spaces. Supported by the parent company's legacy of trust, the brand plans to expand into Tier-1 and Tier-2 cities, utilizing both physical stores and digital platforms to enhance accessibility.

Operational Details

The disclosure was submitted 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 initiative is managed by the promoter group, Honey Mangal and Tanisha Mangal, who highlighted the focus on creating meaningful consumer experiences through informed choices and honest products.