Manglam Global Corporations Ltd has acquired a 100% stake in Manglam Food Products Private Limited for ₹6 crore, making it a wholly owned subsidiary. The transaction was completed through a cash consideration for 60,00,000 equity shares of ₹10 each. The acquisition, disclosed on July 1, 2026, adds a new vertical to the company focused on food processing and trading.

Manglam Food Products Private Limited was incorporated on March 24, 2026, following the conversion of the partnership firm M/s. Manglam Food Products into a private limited company. As a recently incorporated entity, the subsidiary does not have an independent operating history or turnover as of the disclosure date. The target company is classified as a related party, with the promoter and promoter group holding an interest in the entity.

The subsidiary is authorized to carry on the business of milling, processing, and trading rice, paddy, grains, cereals, pulses, flour, and spices. Its operations will include activities such as husking, polishing, grading, packing, storing, and importing these products. The company stated that this new business vertical will contribute to revenue recognition.

Acquisition Details

The company confirmed that no specific governmental or regulatory approvals were required for this acquisition. The filing was made to BSE Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Manglam Global Corporations Limited reported a net profit of ₹3,355.71 thousand for the financial year ended March 31, 2026, a significant increase from ₹431 thousand in the previous year. Revenue from operations surged to ₹193,375.61 thousand from ₹38,842.21 thousand in FY25. The company has submitted its 47th Annual Report to BSE Limited and scheduled its Annual General Meeting (AGM) for July 8, 2026, through video conferencing.

The AGM agenda includes the adoption of financial statements for the year ended March 31, 2026, and the appointment of M/s. A K B Jain & Co. as statutory auditors for a term of five years. Shareholders will also vote on altering the capital clause to increase authorised share capital to ₹20 crore and approve material related party transactions with entities such as Manglam Food Products Private Limited and Shri Krishnam Industries Private Limited.

Financial Performance

The company seeks approval to borrow funds and provide loans, guarantees, or securities to subsidiaries and group entities up to an aggregate limit of ₹200 crore. The Register of Members and Share Transfer Book will remain closed from July 2, 2026, to July 8, 2026. The cut-off date for determining eligibility to vote is July 1, 2026.