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.

Manglam Global Corporations Limited (formerly known as Kshitij Investments Limited) has announced the voting results for its Extraordinary General Meeting (EGM) held on 27 April 2026 through video conferencing. The company appointed M/s. Ravi Patidar & Associates, Practicing Company Secretary, as the scrutinizer for the remote e-voting and e-voting facility during the meeting. All five resolutions presented at the EGM were duly approved by the members with requisite majority.

Meeting Details and Voting Process

The EGM was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Purva Sharegistry (India) Private Limited served as the service provider for electronic voting. The remote e-voting facility was operational from 24 April 2026 (09:00 A.M.) to 26 April 2026 (05:00 P.M.), while e-voting during the EGM remained open for 15 minutes after the meeting concluded.

The record date for determining shareholder entitlement to vote was 20 April 2026, with 1,890 shareholders on record. The notice was sent via email to 33 shareholders whose email addresses were provided by the depositories. An advertisement was published in Business Standard (both English and Hindi editions) on 2 April 2026.

Voting Results Summary

The detailed voting results across all five resolutions are presented below:

Resolution Details

Resolution 1: Related Party Transactions

The ordinary resolution for approval of material related party transactions with certain related parties received 9,375,600 votes in favor from 31 members, representing 100% of valid votes. Promoters and promoter group accounted for 6,594,000 votes, while public non-institutions contributed 2,781,600 votes.

Resolution 2: Borrowing Powers

The special resolution seeking approval for borrowing powers under Section 180(1)(c) of the Companies Act, 2013 was approved with 9,375,600 votes in favor from 31 members. This resolution was not of interest to the promoter group, yet received full support from all voting categories.

Resolution 3: Acquisition of Shri Krishnam Industries

The ordinary resolution for acquisition of 100% equity share capital of Shri Krishnam Industries Private Limited received 2,781,600 votes in favor from 27 members. Promoters did not participate in voting on this resolution, which was entirely supported by public non-institutional shareholders.

Resolution 4: Acquisition of Manglam Food Products

The ordinary resolution for acquisition of 100% equity share capital of Manglam Food Products Private Limited was approved with 2,781,600 votes in favor from 27 members. Similar to Resolution 3, only public non-institutional shareholders participated in the voting process.

Resolution 5: Ratification of Related Party Transaction

The ordinary resolution for ratification of related party transaction with Shri Satguru Agromills Private Limited received 9,375,600 votes in favor from 31 members, with 100% approval across all voting categories.

The scrutinizer's report dated 29 April 2026 confirmed that all five resolutions were passed with the requisite majority. No invalid votes were recorded across any of the resolutions.