Mangalam Worldwide Reports 70% Jump in FY26 Net Profit to ₹50.14 Crore

Mangalam Worldwide Limited has delivered exceptional financial performance for FY26, reporting a remarkable 70% year-on-year increase in Profit After Tax (PAT) to ₹50.14 crore, compared to ₹29.52 crore in FY25. The fully integrated stainless steel manufacturer also achieved strong revenue growth with total income rising 14% to ₹1,214.98 crore from ₹1,066.03 crore in the previous fiscal year.

Strong Q4 FY26 Performance

The company's quarterly results for Q4 FY26 demonstrated continued momentum with total income of ₹266.50 crore. The quarter saw PAT surge 81% year-on-year to ₹15.37 crore from ₹8.48 crore in Q4 FY25, highlighting the company's operational efficiency and market positioning.

Performance Metric:	FY26	FY25	Growth (%)
Total Income:	₹1,214.98 crore	₹1,066.03 crore	+14%
Profit After Tax:	₹50.14 crore	₹29.52 crore	+70%

Q4 Performance:	Q4 FY26	Q4 FY25	Growth (%)
Total Income:	₹266.50 crore	-	-
Profit After Tax:	₹15.37 crore	₹8.48 crore	+81%

Board Decisions and Corporate Actions

Following the board meeting held on April 29, 2026, the company announced several key decisions through an official press release dated April 30, 2026. The board approved the audited financial results for FY26 and recommended a final dividend of ₹0.30 per equity share, representing 3% of the face value of ₹10 per equity share. This dividend recommendation is subject to approval at the upcoming Annual General Meeting.

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 designation changed
Press Release Date:	April 30, 2026

Strategic Initiatives and Leadership Changes

The board approved a proposal for direct listing on the Main Board of BSE Limited, subject to approval from BSE and relevant authorities. In a significant organizational change, Mr. Chanakya Prakash Mangal's designation was changed from Managing Director to Director (Non-Executive Non Independent Director) effective April 29, 2026. The company has also appointed Soham Raval as Company Secretary & Compliance Officer.

Management Commentary

Commenting on the performance, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited, stated: "FY26 has been a strong year for Mangalam Worldwide. Our profitability and revenue growth reflect the operational discipline and execution focus we have maintained consistently across quarters. Our integrated business model continues to be our key strength, enabling effective cost management across the value chain."

He further added: "The Board's recommendation of a Final Dividend and our proposal for direct listing on the BSE Main Board reflect our confidence in the business and commitment to create value for our esteemed shareholders. As we enter FY27, demand across oil & gas, chemical, pharmaceuticals, engineering & infrastructure remains encouraging, and we are well-positioned to capture opportunities ahead."

Company Profile

Established in 1995, Mangalam Worldwide Limited operates as a fully integrated stainless steel manufacturer with operations spanning from scrap melting to manufacturing seamless pipes and tubes. The company's infrastructure includes four plants located in Halol, Changodar, and Kapadvanj in Gujarat, with a combined installed capacity exceeding 1,90,000 MTPA and a workforce of over 750 employees across 1,25,000 square meters of facility space.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.69%	+27.05%	+42.00%	+57.86%	+134.92%	+251.29%

Mangalam Worldwide Limited has issued a corrigendum to the outcome of the Debenture Committee meeting held on April 16, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the National Stock Exchange of India Limited that certain changes have been made in Annexure-A forming part of the said outcome.

Revised Debenture Details

The corrigendum specifically addresses two key points in Annexure A. The company has revised the tenure details of the instrument, including the date of allotment and date of maturity. Additionally, the details regarding the redemption of debentures have been clarified.

Sr. No	Particulars	Revised Details
7.	Tenure of the Instrument (Date of Allotment and Date of Maturity)	Deemed Date of Allotment: April 28, 2026 Tenure: 36 (Thirty-Six) months from the Deemed Date of Allotment Date of Maturity: April 28, 2029
13.	Details of redemption of debentures	The Debentures shall be redeemed at the Maturity Date, i.e., April 28, 2029, in accordance with the terms of the Debenture Trust Deed.

Key Changes

The primary revisions involve the timeline for the debenture issuance:

The deemed date of allotment is now specified as April 28, 2026
The tenure of the instrument is set at 36 months from the deemed date of allotment
The date of maturity is established as April 28, 2029
Redemption will occur at the maturity date as per the Debenture Trust Deed terms

All other terms and conditions as disclosed in the outcome dated April 16, 2026, remain unchanged. The corrigendum was signed by Soham Bipinchandra Raval, Company Secretary & Compliance Officer of Mangalam Worldwide Limited, on April 23, 2026.