Mangalam Seeds has retired from its entire 50% partnership stake in Kena Print Pack for an aggregate cash consideration of ₹1.5 crore. The transaction was executed on August 27, 2026, marking the company’s complete exit from the partnership firm.

The retirement deed was signed on mutually agreed terms between the parties. Mangalam Seeds ceases to be a partner in Kena Print Pack following this disposal. The company disclosed the transaction pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The sale involves the disposal of Mangalam Seeds' share in the profits and losses of the partnership firm. The financial contribution of Kena Print Pack to the listed entity during the financial year 2025-26 is detailed below.

The expected date of completion for the sale was also August 27, 2026. The consideration received from the disposal stands at ₹150 lakh.

Regulatory Compliance

Mangalam Seeds stated that while the transaction is material for the company, the subsidiary involved is not material to the listed entity. The disclosure is made in compliance with the technical requirements of Regulation 30 of the SEBI LODR Regulations, read with Sub-para 1 of Paragraph A of Part A of Schedule III.

The transaction does not fall within related party transactions. It is not part of any Scheme of Arrangement, nor does it constitute a slump sale requiring indicative disclosures for amalgamation or merger under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Mangalam Seeds Limited has disclosed that its statutory auditors, M/s M A A K & Associates, have resigned from their position effective August 13, 2026. The resignation is subject to approval by the Audit Committee and the Board of Directors during their meeting scheduled for August 13, 2026. This meeting will also consider and approve the unaudited financial results for the quarter ended June 30, 2026. The change in audit firm aims to streamline administrative processes and improve coordination for the company.

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with sub-clause (7A) of Clause A of Part A of Schedule III. Additionally, the disclosure complies with SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019. The resignation letter, dated August 11, 2026, was signed by Marmik G. Shah, Partner at M A A K & Associates.

Resignation Details

M/s M A A K & Associates was originally appointed by shareholders on September 19, 2024, for a five-year term ending in March 2029. The firm cited the Board’s request for a change due to "ease of doing business and administrative convenience" as the primary reason for stepping down. The auditors clarified that they have no disputes with management and no concerns regarding the suppression of information for audit purposes.

Transition and Compliance

The resignation becomes effective only after the completion and approval of the unaudited financial results for Q4FY26. Until that date, M A A K & Associates will continue to discharge its responsibilities as auditors to ensure a smooth transition. The firm confirmed that it will file Form ADT-3 with the Registrar of Companies as required under the Companies Act, 2013.

The Board of Directors has expressed its intention to appoint another firm of Chartered Accountants to fill the vacancy. Shareholders will be informed of the new appointment through subsequent regulatory filings. There are no other material reasons connected with the resignation that need to be brought to the notice of members, creditors, or regulatory authorities.