Manglam Global Board Approves EGM, Two Acquisitions and ₹200 Crore Borrowing Powers
Manglam Global Corporations Limited successfully concluded its board meeting on March 25, 2026, approving strategic acquisitions of two companies as wholly owned subsidiaries, enhanced borrowing powers up to ₹200 crores, and comprehensive related party transaction limits. The board also approved convening an EGM on April 27, 2026, and adopted key corporate governance policies including material subsidiaries, archival, and dividend distribution policies.
*this image is generated using AI for illustrative purposes only.
Manglam Global Corporations Limited has successfully concluded its board meeting held on March 25, 2026, approving several strategic initiatives including two major acquisitions, enhanced borrowing powers, and the convening of an Extraordinary General Meeting. The meeting, conducted at the company's registered office in Piparia, Hoshangabad, Madhya Pradesh, addressed multiple corporate governance and expansion matters.
Strategic Acquisitions Approved
The board has approved two significant acquisitions that will expand the company's operational footprint:
| Acquisition Details: | Particulars |
|---|---|
| Target Company 1: | Shri Krishnam Industries Private Limited |
| Target Company 2: | Manglam Food Products Private Limited |
| Acquisition Percentage: | 100% equity share capital |
| Post-Acquisition Status: | Wholly owned subsidiaries |
| Compliance Structure: | 1 equity share held by nominee shareholders |
Both acquisitions will result in the target companies becoming wholly owned subsidiaries of Manglam Global Corporations Limited, with statutory compliance maintained through nominee shareholding arrangements.
Enhanced Financial Powers and EGM Approval
The board has significantly strengthened the company's financial capabilities and governance framework:
| Financial Decisions: | Details |
|---|---|
| Borrowing Powers: | Up to ₹200.00 crores under Section 180(1)(c) |
| EGM Date: | April 27, 2026 at 04:00 P.M. |
| EGM Mode: | Video Conferencing/Other Audio Visual Means |
| Scrutinizer: | M/s Ravi Patidar and Associates, Practicing Company Secretaries |
| Meeting Duration: | 04:00 P.M. to 06:00 P.M. |
The enhanced borrowing powers, subject to shareholder approval, will provide the company with greater financial flexibility for future growth initiatives.
Related Party Transaction Limits
The board approved comprehensive related party transaction limits across various business activities. Key transaction categories include commission and brokerage for agri commodities with limits of ₹50.00 crores each, sale of agri commodities with limits of ₹250.00 crores each, and manufacturing services with limits of ₹100.00 crores each for separate concerns.
Additionally, warehousing and storage services limits were set at ₹10.00 crores each, while borrowing and lending arrangements were capped at an aggregate limit of ₹200.00 crores across all related parties.
Corporate Governance Enhancements
The board approved several key policies to strengthen corporate governance:
| Policy Approvals: | Purpose |
|---|---|
| Material Subsidiaries Policy: | Compliance with SEBI LODR Regulations |
| Archival Policy: | Document management and retention |
| Dividend Distribution Policy: | Shareholder value distribution framework |
| Independent Directors Terms: | Enhanced board independence |
| Bank Account Closure: | Kotak Mahindra Bank, Nariman Point Branch |
CS Nalini Kankani, Company Secretary and Compliance Officer, confirmed that all decisions were made in compliance with the Companies Act, 2013 and SEBI LODR Regulations. The company, formerly known as Kshitij Investments Limited, continues to operate from its registered office in Madhya Pradesh with CIN L10613MP1979PLC074323.
Historical Stock Returns for Kshitiz Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | 0.0% | 0.0% | 0.0% | -100.00% |
How will the integration of Shri Krishnam Industries and Manglam Food Products impact Manglam Global's revenue diversification and market positioning in the agri-commodities sector?
What specific growth initiatives or capital expenditure projects does Manglam Global plan to fund with the enhanced borrowing capacity of ₹200 crores?
Will the substantial related party transaction limits of ₹250 crores for agri commodities sales signal potential vertical integration or supply chain consolidation strategies?
19
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
