Mangalam Worldwide Limited Schedules Board Meeting on May 15, 2026 to Consider Stock Split Proposal

Mangalam Worldwide Limited has notified the National Stock Exchange of India Limited of an upcoming Board of Directors meeting scheduled for Friday, May 15, 2026. The intimation, dated May 11, 2026, was filed pursuant to Regulation 29 and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary business to be considered at the meeting involves a significant corporate action related to the company's equity share structure. The following agenda items have been disclosed:

Sr. No.	Agenda Item
1.	To consider and approve the proposal of Sub-division/Stock Split of each existing equity share of face value of ₹10/- (Rupees Ten only) each, in such manner as may be determined by the Board of Directors, and consequent alteration of the Memorandum of Association of the Company, subject to the approval of the shareholders and regulatory/statutory approvals as may be required.
2.	To consider other Business matters.

Stock Split Proposal Details

The board will deliberate on the sub-division/stock split of equity shares currently carrying a face value of ₹10/- (Rupees Ten only) each. The specific ratio or revised face value post-split will be determined by the Board of Directors at the meeting. The proposal is subject to shareholder approval as well as any requisite regulatory and statutory clearances.

Consequent to the proposed stock split, the company also intends to consider the alteration of its Memorandum of Association to reflect the revised share structure.

Trading Window Closure

In compliance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, read with SEBI Circular No. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dated August 5, 2022, the trading window for dealing in the securities of the company has been closed. The trading window will remain closed until the expiry of 48 hours after the submission of the outcome of the Board meeting.

The intimation was signed by Soham Raval, Company Secretary & Compliance Officer (Membership No.: A34154), on behalf of Mangalam Worldwide Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.86%	-2.49%	+31.45%	+56.93%	+118.77%	+237.49%

Mangalam Worldwide Limited has reported a robust financial performance for FY26, with Profit After Tax (PAT) increasing by 70% year-on-year to ₹50.14 crore, up from ₹29.53 crore in FY25. The fully integrated stainless steel manufacturer achieved a total income of ₹1,214.99 crore, a 14% rise from ₹1,066.03 crore in the previous fiscal year. EBITDA for the year stood at ₹97.84 crore, reflecting an improved margin of 8.05% compared to 5.63% in FY25. The Diluted EPS rose to ₹16.87 from ₹10.29 in the prior year.

Board Decisions and Corporate Actions

Following the board meeting on April 29, 2026, the directors approved the audited financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹0.30 per equity share, representing 3% of the face value of ₹10 per share, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the board approved a proposal for the direct listing of the company's shares on the Main Board of BSE Limited, pending necessary approvals.

In key organizational changes, Mr. Chanakya Prakash Mangal's designation was changed from Managing Director to Director (Non-Executive Non Independent Director) effective April 29, 2026. The board also appointed new auditors for the fiscal year 2026-27. M/s. S S Rawat & Co. was appointed as the Internal Auditor, and M/s. V. M. Patel & Associates was appointed as the Cost Auditor.

Board Decision:	Details
Final Dividend:	₹0.30 per equity share (3% of face value)
BSE Listing Proposal:	Direct listing on Main Board approved
Leadership Change:	Chanakya Prakash Mangal redesignated as Director (Non-Executive Non Independent)
Internal Auditor:	M/s. S S Rawat & Co. (FRN: 147356W)
Cost Auditor:	M/s. V. M. Patel & Associates (Firm Reg No: 101519)

FY26 and Q4 Financial Performance

The company's Q4 FY26 performance showed continued momentum, with total income reaching ₹266.51 crore. PAT for the quarter surged 81% year-on-year to ₹15.37 crore from ₹8.48 crore in Q4 FY25, while EBITDA for the quarter was recorded at ₹15.65 crore. The following tables summarise the key financial metrics:

Performance Metric:	FY26	FY25	FY24
Total Income (₹ Cr):	1,214.99	1,066.03	—
EBITDA (₹ Cr):	97.84	60.05	20.92
EBITDA Margin (%):	8.05%	5.63%	—
PAT (₹ Cr):	50.14	29.53	17.58
PAT Margin (%):	4.13%	2.77%	—
Diluted EPS (₹):	16.87	10.29	8.45

Q4 Performance:	Q4 FY26	Q4 FY25	Growth (%)
Total Income (₹ Cr):	266.51	324.56	—
EBITDA (₹ Cr):	15.65	—	—
PAT (₹ Cr):	15.37	8.48	+81%

Strategic Milestones and Ratios

FY26 was a year of strategic milestones, including the migration to the NSE Main Board in September 2025 and a credit rating upgrade to "A". The company expanded its global footprint by securing vendor approvals from SABIC and QatarEnergy. On the sustainability front, a 1.2 MW rooftop solar system was installed at the Kapadvanj facility, with a 10.42 MW ground-mounted solar project under implementation at Handod, Vadodara.

Financial ratios indicate strengthened balance sheet health. Net worth grew to ₹305.48 crore in FY26 from ₹139.69 crore in FY23. Return on Equity (ROE) improved to 17.68%, while Return on Capital Employed (ROCE) rose to 15.35%. The Book Value per share increased to ₹100.91 from ₹86.17 in the previous year.