Mangalam Worldwide accepted the resignation of Anilkumar Shyamlal Agrawal as Non-Executive Independent Director effective August 24, 2026. The departure stems from health issues.

The Board of Directors thanked Agrawal for his professional services. He ceased to be a member of all board committees on which he served, including the Audit Committee and Stakeholders' Relationship Committee.

Resignation Details

Agrawal submitted his resignation letter citing health reasons. He confirmed there are no other material reasons for his exit from the company's board.

Other Directorships

Agrawal continues to serve as an Independent Director at Mangalam Global Enterprise Limited. He remains a member of several committees there, including the Audit Committee and Nomination and Remuneration Committee.

Mangalam Worldwide Limited has recorded its highest-ever monthly export turnover of ₹21.79 crore in July 2026, signaling robust demand for its stainless steel products in international markets. This figure represents a substantial increase from the ₹5.76 crore exported in July 2025, highlighting accelerated growth in the company’s overseas operations. The milestone underscores the effectiveness of Mangalam’s strategy to diversify global markets and enhance operational efficiencies across its manufacturing facilities in Gujarat.

The disclosure was made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures are based on provisional internal management reports and are subject to customary review and audit. Management emphasized that this performance reflects strengthened customer relationships and the delivery of high-quality products to global buyers.

Export Performance Highlights

The surge in turnover was driven by increased volume and broader geographic reach. During July 2026, Mangalam Worldwide executed significant logistical operations to meet international orders.

The company dispatched 35 export containers, totaling 874 metric tonnes of stainless steel products. These shipments were distributed across more than 15 countries, demonstrating an expanded footprint beyond traditional markets.

Operational Context

Mangalam Worldwide Limited is a fully integrated stainless steel manufacturer with operations spanning scrap melting to the production of seamless pipes, tubes, billets, ingots, and bars. Its infrastructure includes four plants located in Halol, Changodar, and Kapadvanj, Gujarat, covering over 1,25,000 square meters with an installed capacity exceeding 1,90,000 metric tonnes per annum (MTPA).

The record export figure suggests efficient utilization of this capacity for external markets. With a workforce of over 750 employees, the company continues to focus on value-added products and sustainable long-term growth through market diversification. The management noted that this achievement marks a significant milestone in the company's operational history, reinforcing its position as a key exporter in the stainless steel sector.