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.

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:

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.

Mangalam Worldwide Limited has successfully completed the allotment and listing of non-convertible debentures worth Rs. 50 crores, marking a significant milestone in the company's fundraising initiative. The debentures were allotted on April 28, 2026, and subsequently listed on the National Stock Exchange of India Limited's debt segment on April 30, 2026.

Debenture Issue and Listing Details

The comprehensive debenture issuance demonstrates the company's commitment to transparent capital market operations:

The debentures are classified as rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures issued through private placement in accordance with SEBI regulations.

Regulatory Compliance and Market Integration

The company has fulfilled all regulatory requirements under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation to the National Stock Exchange confirms the successful integration of these debt securities into the organized debt market.

MITCON Credentia Trusteeship Services Limited serves as the debenture trustee, ensuring proper oversight and protection of investor interests throughout the tenure of the debentures.

Security Structure and Investment Features

The debentures offer attractive investment characteristics with comprehensive security arrangements. The security structure includes mortgage over assets of Mr. Chanakya Prakash Mangal and pledge over equity shares held by Mr. Vipin Prakash Mangal, providing multiple layers of protection for investors.

With a competitive 10% annual coupon rate and quarterly payment frequency, the debentures provide regular income streams for investors over the 36-month tenure. The listing on NSE's debt segment enhances liquidity options, allowing investors to trade these securities in the secondary market.

Corporate Communication

The listing confirmation was communicated through official correspondence signed by Company Secretary Soham Raval (Membership No.: A34154), demonstrating proper corporate governance protocols. The company maintains its registered office at Mangalam Corporate House, Ahmedabad, Gujarat, and continues to ensure transparent communication with all stakeholders regarding this debt issuance.