Manglam Global auditor resigns citing logistical constraints

Manglam Global Corporations Limited statutory auditor M/s. DMKH & Co. resigned effective June 8, 2026 due to geographical and logistical constraints. The firm cited practical difficulties in efficiently servicing the audit engagement as the primary reason for its departure. The resignation was received by the company on the same date.

The company will place the resignation before its Board of Directors in a meeting scheduled for June 11, 2026. The Board will take note of the resignation and decide on further necessary action in accordance with applicable laws. There are no concerns raised by the resigning auditor with the management.

M/s. DMKH & Co. confirmed that there are no other reasons for the resignation apart from the logistical and operational considerations mentioned in its letter. The firm expressed appreciation for the cooperation and support extended by the Board and management during its tenure.

Resignation Details

Particulars	Details
Name of Auditor	M/s. D M K H & Co. Chartered Accountants
Reason for Change	Due to geographical and logistical constraints, coupled with operational considerations that have resulted in practical difficulties in efficiently servicing the audit engagement
Date of Receipt of Resignation Letter	June 8, 2026
Effective Date of Resignation	June 8, 2026
Date of Board Meeting	June 11, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	+47.28%	+47.28%	+54.57%

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.

Particulars	Description
Name of Target Company	Shri Krishnam Industries Private Limited
Date of Incorporation	25 February, 2020
Authorised Capital	Rs. 70,00,000
Industry	Food Processing Industry (Pulse Processing / Dal Milling Industry)
Nature of Consideration	Cash
Cost of Acquisition	63,00,000 (6,30,000 Equity Shares of Rs.10/- each)
Percentage of Shareholding Acquired	100%

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.