Manglam Global Corporations Limited has issued an official intimation notice for an Extraordinary General Meeting (EGM) scheduled for April 27, 2026, seeking shareholder approval for significant related party transactions and subsidiary acquisitions. The company, formerly known as Kshitij Investments Limited, will conduct the meeting at 4:00 PM through Video Conference (VC) and Other Audio Visual Means (OAVM) in compliance with regulatory guidelines.

Meeting Schedule and Compliance Details

The EGM notice was delivered to shareholders on April 01, 2026, through electronic mode to all registered email addresses. The company has appointed Ravi Patidar and Associates, Practicing Company Secretaries (Membership No. 55749), as the scrutinizer for the e-voting process. Remote e-voting will commence on Friday, April 24, 2026, at 09:00 AM IST and conclude on Sunday, April 26, 2026, at 05:00 PM IST.

Related Party Transactions Overview

The company seeks approval for multiple categories of related party transactions with various entities including Manglam Food Products Private Limited, Shri Krishnam Industries Private Limited, Shri Krishnam Developers Private Limited, Jai Trading Co, and Shri Satguru Agromills Private Limited. These transactions span across agricultural commodity trading, manufacturing services, and financial arrangements.

Subsidiary Acquisitions

The EGM agenda includes the acquisition of 100% equity shares in two companies. The first acquisition involves Shri Krishnam Industries Private Limited, incorporated on February 25, 2020, with an authorized capital of ₹70,00,000 and paid-up capital of ₹63,00,000. The acquisition cost is set at ₹63,00,000 for 6,30,000 equity shares of ₹10 each.

The second acquisition targets Manglam Food Products Private Limited, converted from a partnership firm in March 2026, with an authorized capital of ₹8,00,00,000 and paid-up capital of ₹6,00,00,000. The acquisition cost is ₹6,00,00,000 for 60,00,000 equity shares of ₹10 each.

Business Rationale and Compliance

Both target companies operate in agricultural commodity processing, milling, and trading sectors, aligning with Manglam Global's business operations. The acquisitions are structured as related party transactions due to common directorship and shareholding arrangements. All transactions will be conducted on an arm's length basis in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CS Nalini Kankani serves as the Company Secretary and Compliance Officer (Membership No.: A55497), overseeing the regulatory compliance aspects of the EGM proceedings. The company has also disclosed a recent transaction with Shri Satguru Agromills Private Limited worth ₹73,02,680 for purchase of commodities and products.

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:

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:

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:

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.