Manglam Global Corporations Limited EGM Voting Results: All Resolutions Approved
Manglam Global Corporations Limited (formerly known as Kshitij Investments Limited) 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 as the scrutinizer for the e-voting process. All five resolutions presented at the meeting were approved with requisite majority, with 100% of valid votes cast in favour of each resolution. The resolutions included approval of related party transactions, enhancement of borrowing powers under Section 180(1)(c) of the Companies Act 2013, acquisition of 100% equity share capital of Shri Krishnam Industries Private Limited, acquisition of 100% equity share capital of Manglam Food Products Private Limited, and ratification of related party transaction with Shri Satguru Agromills Private Limited. The remote e-voting facility was available from 24 April to 26 April 2026.
*this image is generated using AI for illustrative purposes only.
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 | Type | Votes in Favor | Votes Against | Total Valid Votes | % in Favor |
|---|---|---|---|---|---|
| Related Party Transactions | Ordinary | 9,375,600 | 0 | 9,375,600 | 100% |
| Borrowing Powers (Section 180(1)(c)) | Special | 9,375,600 | 0 | 9,375,600 | 100% |
| Acquisition of Shri Krishnam Industries | Ordinary | 2,781,600 | 0 | 2,781,600 | 100% |
| Acquisition of Manglam Food Products | Ordinary | 2,781,600 | 0 | 2,781,600 | 100% |
| Ratification of Related Party Transaction | Ordinary | 9,375,600 | 0 | 9,375,600 | 100% |
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.
Historical Stock Returns for Kshitiz Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.94% | +15.61% | +15.61% | +15.61% | +15.61% | +21.33% |
How will the acquisitions of Shri Krishnam Industries and Manglam Food Products impact Manglam Global's revenue diversification and market positioning?
What specific business synergies does Manglam Global expect to achieve from integrating these two newly acquired companies?
How does the enhanced borrowing power approval position the company for future expansion or additional acquisitions beyond these two deals?
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