Manglam Global Corporations Limited has made a further equity investment of ₹1,79,00,000 in its wholly owned subsidiary, Shri Krishnam Industries Private Limited. The cash infusion supports the target entity’s expansion into the pulse processing sector.

The transaction aligns with the company’s growth strategy in the agro-processing segment. Shareholders approved investments in the subsidiary up to an aggregate limit of ₹15,00,00,000 via a resolution passed on July 8, 2026.

Investment Details

The company acquired 17,90,000 equity shares of face value ₹10 each from Shri Krishnam Industries. The entity remains a 100% wholly owned subsidiary following the transaction.

Strategic Context

Shri Krishnam Industries was incorporated on February 25, 2020, and operates in the food processing industry, specifically dal milling. The disclosure notes that the entity is currently setting up a new manufacturing project and has not yet commenced business operations.

The investment falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a related party transaction involving promoter interest, it was executed at arm’s length within the pre-approved shareholder mandate.

Manglam Global Corporations shareholders approved the issuance of equity shares on a preferential basis during its second extraordinary general meeting held on September 16, 2026. The special resolution passed with 100% of the valid votes cast.

The meeting commenced at 1:10 pm through video conferencing and concluded at 1:52 pm. Mr. Rohit Agrawal, Chairman, chaired the proceedings while CS Dalchand Raghuvanshi, Company Secretary & Compliance Officer, managed the agenda. The company provided remote e-voting facilities from September 13 to September 15, 2026, with additional voting available during the meeting.

Voting Results

The scrutinizer report confirmed that all resolutions were duly approved by the members. As on the record date of September 9, 2026, there were 1,895 shareholders. A total of 9,023,558 votes were polled out of 10,000,000 outstanding equity shares, representing a participation rate of 90.24%.

Promoters and promoter group held 6,647,540 shares and voted 6,517,000 shares in favour, accounting for 72.2% of the total votes polled. Public non-institutional shareholders held 3,352,460 shares and voted 2,506,558 shares in favour. No votes were cast against the resolution, and there were no invalid votes recorded.

Key Meeting Details

• The EGM addressed one special business item: approval for preferential equity share issuance.
• Ravi Patidar & Associates was appointed as the scrutinizer to oversee the e-voting process.
• No questions were raised by shareholders during the session.

The requisite quorum under Section 103 of the Companies Act, 2013 was present. Voting results and the scrutinizer’s report have been submitted to the stock exchange as per Regulation 44(3) of the SEBI Listing Regulations.