Mangalam Worldwide Limited has successfully listed its equity shares on the BSE Mainboard, achieving dual-exchange status across NSE and BSE within eight months. The listing involves a total of 2,97,00,674 equity shares with a face value of ₹10 each fully paid-up, effective from Wednesday, May 27, 2026. This milestone is expected to enhance visibility, provide access to a wider investor base, and eliminate trading friction by tightening bid-ask spreads. The shares have been admitted to dealings in the list of 'B' Group of Securities under BSE Scrip Code 544764.

The company reported strong financial performance for FY26, with Total Income reaching ₹1,214.98 crore, an increase of 14% year-on-year. Profit After Tax (PAT) stood at ₹50.14 crore, up 70% from the previous year. In Q4 FY26, PAT rose 81% year-on-year to ₹15.37 crore. The audited financial results for the year ended March 31, 2026, were submitted as part of the listing process.

Financial Performance FY26

Strategic Expansion

The listing aligns with Mangalam Worldwide's strategy to scale operations and expand exports. The company currently operates in 20 countries across Asia, Africa, the Middle East, Europe, Russia, Thailand, USA, Canada, Brazil, and Mexico. This follows the company's migration to the NSE Main Board in September 2025.

Mangalam Worldwide is a fully integrated stainless-steel manufacturer with operations ranging from scrap melting to the production of seamless pipes and tubes. Its infrastructure includes steel melting shops, rolling mills, and finishing units spread across four plants in Gujarat, covering over 1,25,000 square meters with a total installed capacity of more than 1,90,000 MTPA.

Mangalam Worldwide Limited has commenced the remote e-voting process for shareholder approval regarding the sub-division of its equity shares and the alteration of its Memorandum of Association. The e-voting period began on May 22, 2026, at 09:00 A.M. IST and will conclude on June 20, 2026, at 05:00 P.M. IST. This corporate action seeks to split each existing equity share with a face value of ₹10 into 10 equity shares of ₹1 each to enhance liquidity and broaden the investor base.

The Board of Directors approved the proposal at its meeting held on May 15, 2026. To facilitate the split, the company requires shareholder consent to alter the Capital Clause (Clause V) of the Memorandum of Association. The cut-off date for determining shareholder eligibility for the postal ballot and e-voting is May 15, 2026. M/s. Manoj Hurkat & Associates has been appointed as the scrutinizer to oversee the voting process, while MUFG Intime India Private Limited is providing the remote e-voting facility through its InstaVOTE Platform.

Share Capital Structure

The proposed sub-division will alter the authorized and paid-up share capital structure without changing the total monetary value. The following table details the pre and post-subdivision capital structure:

Voting Process and Disclosures

The company has informed shareholders that physical copies of the Postal Ballot Notice and forms have not been dispatched in compliance with Ministry of Corporate Affairs circulars. Notices were sent electronically only. Shareholders holding shares as on the cut-off date may cast their assent or dissent through the remote e-voting system. The results of the e-voting will be announced within two working days from the conclusion of the voting period.

The record date for the sub-division of equity shares will be intimated to the stock exchanges and shareholders subsequent to obtaining the necessary approvals. The company, which listed on BSE via the direct listing route on May 27, 2026, voluntarily submitted the postal ballot notice to the exchange. The proposed split is also subject to the completion of a pending amalgamation scheme with subsidiary Mangalam Saarloh Private Limited and a proposed preferential issue of convertible warrants.

Newspaper advertisements regarding the Postal Ballot Notice and e-voting information were published in the Ahmedabad edition of the Financial Express (English and Gujarati) on May 19, 2026. These disclosures were made in terms of Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 30, 44, 47 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.