Manglam Global Corporations Limited has acquired 100% of Shri Krishnam Industries Private Limited for ₹63,00,000 in cash to expand its presence in the food processing industry. The acquisition, finalized on May 25, 2026, transforms Shri Krishnam Industries into a wholly owned subsidiary of Manglam Global Corporations Limited. This strategic move is intended to strengthen the company's operational capabilities in the agro-processing segment, specifically in pulse processing and dal milling.

The transaction involves the purchase of 6,30,000 equity shares with a face value of Rs.10 each. Shri Krishnam Industries, incorporated on February 25, 2020, is currently under expansion and is in the process of setting up a new project related to the manufacturing of dal. The target entity has not yet commenced business operations, and its turnover is not applicable.

Acquisition Details

The acquisition is classified as a related party transaction, with the promoter and promoter group holding an interest in the entity being acquired. The consideration for the transaction was settled entirely in cash. No specific governmental or regulatory approvals were required for the completion of this acquisition.

Strategic Rationale

The acquisition aligns with Manglam Global Corporations Limited's growth and expansion strategy. By integrating Shri Krishnam Industries, the company aims to leverage the target entity's upcoming manufacturing project to enhance its footprint in the agro-processing domain. The target company is registered with the Registrar of Companies, Gwalior, and operates within India.

Manglam Global Corporations Limited , formerly known as Kshitij Investments Limited, held its Board of Directors meeting on Saturday, May 16, 2026, approving the audited standalone financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board, with statutory auditors M/s DMKH & Co (FRN 116886W), Chartered Accountants, issuing an unmodified audit opinion on the financial statements. The meeting commenced at 04:00 p.m. and concluded at 05:00 p.m. at the company's registered office in Piparia, Hoshangabad, Madhya Pradesh.

Financial Performance Overview

The company delivered a strong improvement in profitability for the full year. Total revenue from operations grew significantly to ₹1,936.08 lakhs for the year ended March 31, 2026, compared to ₹392.21 lakhs in the previous year. Net profit after tax surged to ₹33.56 lakhs from ₹4.31 lakhs in the prior year, reflecting robust operational improvement. The following table summarises the key financial metrics:

Balance Sheet Highlights

The company's total assets expanded considerably to ₹1,555.43 lakhs as at March 31, 2026, compared to ₹289.96 lakhs as at March 31, 2025. Equity share capital stood at ₹1,000.00 lakhs, with other equity at ₹3.85 lakhs, bringing total equity to ₹1,003.85 lakhs. Key balance sheet items are presented below:

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities stood at ₹889.25 lakhs, while net cash used in investing activities amounted to ₹469.77 lakhs. Net cash inflow from financing activities was ₹1,122.12 lakhs, driven primarily by an increase in share capital of ₹684.76 lakhs and current borrowings of ₹464.84 lakhs. The closing balance of cash and cash equivalents was ₹18.48 lakhs, compared to an opening balance of ₹255.37 lakhs.

Board Decisions and Auditor Appointments

At the meeting, the Board approved several key resolutions in addition to the financial results. The Board re-appointed Mr. Aayush Agrawal & Associates (Firm Reg. No.: 032918C) as Internal Auditor for the Financial Year 2026-27, and re-appointed M/s. Ravi Patidar & Associates (C.O.P. No.: 25581 & M.No.: A55749) as Secretarial Auditor for a term of five years from Financial Year 2026-27. The Board also took note of the Internal Audit Report for the quarter and year ended March 31, 2026.

Auditor's Emphasis of Matter

The statutory auditors highlighted three emphasis of matter points without modifying their opinion. First, the updation of the company's revised name and business objectives on the BSE Limited portal had not been completed as at March 31, 2026, though management considers the matter procedural and does not expect any material financial impact. Second, the auditors drew attention to cash payments made to farmers for procurement of agricultural produce through APMC channels, which management represents are covered under Rule 6DD of the Income-tax Rules, 1962. Third, the auditors noted a loan of ₹4,70,00,000 granted by the company to a related party during the year, with the outstanding carrying amount including accrued interest amounting to ₹4,72,08,899 as at March 31, 2026; the loan was remitted through the company's cash credit facility, and formal documentation specifying the interest rate and repayment schedule is yet to be completed. The trading window for designated persons, which closed on April 1, 2026, is set to remain closed until May 18, 2026.