Mangalam Industrial Finance Limited has formally intimated BSE about the re-appointment of its Managing Director, providing comprehensive details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's board meeting held on March 21, 2026, concluded with the approval of Mr. Venkata Ramana Revuru's re-appointment for another three-year term.

Managing Director Re-appointment Details

Based on the Nomination and Remuneration Committee's recommendation, the board approved Mr. Venkata Ramana Revuru's (DIN: 02809108) re-appointment as Managing Director. His current tenure expires on July 9, 2026, with the new term commencing from July 10, 2026 to July 9, 2029, subject to shareholder approval.

Professional Profile and Experience

Mr. Venkata Ramana Revuru serves as the Chairman and Managing Director (Promoter) of the company, overseeing overall affairs and operations. He holds an MBA from Sri Krishnadevaraya University, Andhra Pradesh, and a Post Graduate Diploma in Information Technology (PGDIT) from Manipal Academy of Higher Education, Karnataka.

With over two decades of experience, Mr. Revuru brings expertise in sales, business development, product training, client servicing, marketing, portfolio management, market research, general administration, and strategic planning. His leadership capabilities enable the company to navigate dynamic market conditions effectively.

Regulatory Compliance and Confirmations

The company confirmed that Mr. Venkata Ramana Revuru is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other authority. This confirmation aligns with BSE circular requirements issued in June 2018.

Corporate Governance Structure

The intimation reveals the relationship structure among promoter directors, with Mr. Vettukallel Avirachan Sojan (Promoter/Director), Mr. Venkata Ramana Revuru (Promoter/Director), and Mr. Yatin Sanjay Gupte (Promoter/Director) functioning as business partners. This transparency ensures compliance with disclosure requirements under listing regulations.

The formal intimation, signed by Company Secretary and Compliance Officer Samoil Akilbhai Lokhandwala, demonstrates the company's commitment to regulatory compliance and transparent corporate governance practices.

Mangalam Industrial Finance Limited has witnessed a significant shareholding change as DY Captive Projects LLP invoked pledge on 9,00,00,000 equity shares previously held by promoter Wardwizard Solutions India Private Limited. The pledge invocation, executed on March 13, 2026, represents 6.32% of the company's total share capital and was formally disclosed to BSE Limited on March 17, 2026, under SEBI takeover regulations.

Official Regulatory Disclosure

The company filed comprehensive disclosures pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by Company Secretary Samoil Akilbhai Lokhandwala on March 18, 2026, confirming the pledge invocation initiated by DY Captive Projects LLP towards securing a Loan Against Securities facility.

Transaction Structure and Documentation

DY Captive Projects LLP, represented by Designated Partner Kameshwar Singh (DPIN: 08575577), submitted detailed disclosures on March 17, 2026. The pledge invocation was executed in accordance with terms and conditions stipulated in the Deed of Share Pledge cum Loan Agreement, facilitating DY Captive Projects LLP's transition from pledgee to direct shareholder through invocation of pledge mechanism.

Impact on Shareholding Structure

The pledge invocation has resulted in a significant restructuring of the company's shareholding pattern. The transaction transferred effective control of 6.32% stake from the promoter group to DY Captive Projects LLP through invocation of pledge mechanism, while maintaining the total share capital of ₹142,51,29,928 divided into 142,51,29,928 equity shares of Re. 1/- each.

Corporate Governance and Compliance

The transaction demonstrates strict adherence to SEBI's substantial acquisition disclosure requirements, with comprehensive documentation filed by both the target company and the acquirer. DY Captive Projects LLP, with LLPIN AAO-5357 and registered office at Flat No 6, Sector G, Shreenagri, Bhosari Pune Maharashtra 411035, completed the acquisition through invocation of pledge as per the loan agreement terms.

Mangalam Industrial Finance Limited, with CIN L65993WB1983PLC035815, maintains its registered office at Old Nimta Road, Nandan Nagar, Belghoria, Kolkata, West Bengal, while operating from its corporate office in Vadodara, Gujarat. The transaction concludes the structured financing arrangement through formal pledge invocation mechanism as per the Deed of Share Pledge cum Loan Agreement.