Manglam Global Corporations has accepted the resignation of Nalini Kankani as its Company Secretary and Compliance Officer. The departure is effective from September 1, 2026. The company cited personal reasons for the exit.

The Board of Directors approved the resignation following a letter dated August 26, 2026. There are no material reasons for the resignation other than those stated.

Resignation Details

Nalini Kankani, holding membership number A55497, tendered her resignation from the post of Key Managerial Personnel. She confirmed there are no undisclosed material reasons for her departure.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the intimation to the Bombay Stock Exchange on August 26, 2026.

Manglam Global Corporations Limited reported a sharp rise in standalone net profit after tax to ₹15.58 lakh for the quarter ended June 30, 2026, up from ₹2.19 lakh in the corresponding period of the previous year. This represents a 611% year-on-year increase driven by significant operational scaling.

The company’s revenue from operations jumped to ₹1,440.82 lakh in Q1FY26, compared to ₹268.95 lakh in Q1FY25. Total expenses rose proportionally to ₹1,425.52 lakh from ₹266.76 lakh, primarily due to increased purchases of stock-in-trade which accounted for ₹1,397.86 lakh. Earnings per share (basic and diluted) increased to ₹0.156 from ₹0.069 in the prior year’s quarter.

Consolidated Financial Performance

Consolidated results mirrored standalone figures closely, reflecting limited impact from its recent acquisition. Consolidated net profit after tax was recorded at ₹15.55 lakh, while consolidated revenue from operations remained at ₹1,440.82 lakh. The minor variance between standalone and consolidated profits is attributable to the inclusion of Shri Krishnam Industries Private Limited, which became a subsidiary on May 25, 2026.

Shri Krishnam Industries contributed nil revenue and reported a net loss of ₹29.41 lakh for the period from May 25 to June 30, 2026. The statutory auditors, M/s DMKH & Co., issued an unqualified limited review report on both the standalone and consolidated financial statements.

Capital Raise and Corporate Actions

The Board of Directors, meeting on August 14, 2026, approved raising funds through a preferential allotment of up to 1 crore equity shares with a face value of ₹10 each. The offer price was set at ₹10.25 per share, aggregating to ₹10.25 crore. A subsequent clarification issued on August 17, 2026, confirmed the issue price as ₹10.25 rather than the erroneously stated ₹10.00 in initial disclosures.

The Extraordinary General Meeting (EGM) has been scheduled for September 16, 2026, at 1:00 pm via video conference or other audio-visual means to seek shareholder approval. Remote e-voting will commence on September 13, 2026, at 9:00 am and conclude on September 15, 2026, at 5:00 pm. The record date for voting rights is September 9, 2026. In compliance with Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Book will remain closed from September 10, 2026, to September 16, 2026.

Allotment Details and Proceeds Utilization

The allotment is proposed to promoters and non-promoters. Promoters Rohit Agrawal and Rahul Agrawal are slated to receive 38,15,000 shares each. The remaining shares are allocated to various non-promoter investors, including Hitesh Kumar Paliwal, Vinay Agrawal, Satish Paliwal, and others, totaling 25 investors. Post-issue, promoter shareholding is expected to rise from 66.48% to 71.39%.

The company intends to utilize the gross proceeds for the following purposes within two years:

General corporate purposes do not exceed 25% of the total amount. As the issue size does not exceed ₹100 crore, the appointment of a monitoring agency under Regulation 162A of SEBI ICDR Regulations is not applicable.

What the Numbers Show

The financial data reveals a high-leverage operating model where gross margins remain thin. With purchases of stock-in-trade constituting approximately 97% of total revenue (₹1,397.86 lakh against ₹1,440.82 lakh), the company operates on narrow spreads. The net profit margin stands at roughly 1.08%, indicating that profitability is highly sensitive to volume growth and cost control. The surge in finance costs to ₹12.78 lakh from ₹0.08 lakh YoY suggests increased borrowing or higher interest burdens associated with scaling inventory levels.