Mangalam Worldwide Limited disclosed the shareholding details of its promoters and promoter group as of March 31, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, submitted by Vipin Prakash Mangal, Chairman & Managing Director, outlines the total equity shares held by each member and the number of shares that are encumbered. The declaration confirms that no new encumbrances were created during the financial year ended March 31, 2026, beyond those previously disclosed.

The disclosure provides a breakdown of holdings across six individuals categorized as either promoters or members of the promoter group. The data indicates that the majority of the encumbered shares are held by the Chairman & Managing Director, while other key promoters and group members hold unencumbered stakes.

Shareholding Details

The following table details the equity shares held and encumbered by the promoters and promoter group as of March 31, 2026:

Regulatory Compliance

The filing was addressed to the National Stock Exchange of India Limited and copied to the Audit Committee and Company Secretary of Mangalam Worldwide Limited. The promoters declared that they have not made any encumbrance of shares directly or indirectly during the financial year ended March 31, 2026, other than those already disclosed. This disclosure ensures transparency regarding the ownership structure and any pledges against the shares held by the company's key stakeholders.

Mangalam Worldwide Limited has appointed Mr. Pankaj Kumar Sahay as its Europe Business Head effective June 01, 2026, to steer its international growth initiatives. The appointment, approved by the Board via a circular resolution on the recommendation of the Nomination and Remuneration Committee, aligns with the company's strategy to establish a business presence in Europe. Mr. Sahay will also be appointed as a Director in the proposed wholly owned subsidiary that the company is currently incorporating in Belgium or the Netherlands. This strategic move aims to leverage his extensive experience to facilitate long-term growth and operational efficiencies in the European steel industry.

The company is in the process of incorporating a wholly owned subsidiary in Belgium, the Netherlands, or another European country to expand its international presence. The proposed entity will operate within the steel industry and undertake activities aligned with Mangalam Worldwide's existing business operations. The incorporation is subject to the receipt of necessary regulatory approvals and compliance with statutory formalities. Mangalam Worldwide intends to hold 100% of the shareholding and control in the proposed subsidiary, with the consideration to be intimated upon incorporation.

Mr. Pankaj Kumar Sahay brings over 27 years of experience in managing B2B industrial and steel businesses across Europe and India. Prior to this appointment, he was associated with Jindal Stainless Limited and Tata International, gaining extensive experience in international trade, global business development, and EU trade regulations. Within the Jindal Group, he served as Chief Executive Officer and Board Member of Iberjindal S.L., Spain, and led the European operations of Jindal Stainless Limited. He holds a B.Tech in Manufacturing Engineering from the National Institute of Advanced Manufacturing Technology, Ranchi, and an MBA in Marketing from SMU.

Key Details of Appointment and Subsidiary

The following table outlines the key parameters of the appointment and the proposed subsidiary:

The transaction will not fall within related party transactions initially, as the promoters and promoter group have no interest in the entity. However, upon the allotment of shares, the wholly owned subsidiary will become a related party to the company. Mr. Sahay is not related to the promoters or any members of the Board of Directors of the company or their relatives, and he does not hold any shareholding in the company.