Manglam Global Corporations Limited made a further equity investment of ₹21 lakh in its wholly owned subsidiary, Shri Krishnam Industries Private Limited. The company disclosed the transaction on September 17, 2026.

Manglam Global Corporations executed the investment in accordance with shareholder approval granted on July 8, 2026. The resolution authorized investments in the subsidiary up to an aggregate limit of ₹15 crore.

Investment Details

The company acquired 2,10,000 equity shares of face value ₹10 each for a total consideration of ₹21 lakh. The payment was made in cash. Manglam Global retains 100% ownership of Shri Krishnam Industries, which remains a related party entity.

Subsidiary Profile

Shri Krishnam Industries Private Limited operates in the food processing industry, specifically in pulse processing and dal milling. The entity was incorporated on February 25, 2020, with an authorized capital of ₹1 crore. It has not yet commenced business operations, and its turnover is recorded as zero.

The company stated that the acquisition aligns with its growth strategy to strengthen its presence in the agro-processing segment. The subsidiary is currently setting up a new project for dal manufacturing to enhance operational capabilities.

Manglam Global Corporations Limited held its Board of Directors meeting on September 17, 2026, approving key administrative and governance matters. The company appointed M/s. DMKH & Co., Chartered Accountants, as its Tax Auditor for the financial year 2025-26.

Governance and Directorship Changes

The Board granted unanimous no-objection consent for Mr. Rahul Agrawal, Managing Director of Manglam Global, to accept the position of Managing Director at M/s. Shri Satguru Agromills Private Limited. This approval aligns with Section 203(3) of the Companies Act, 2013, which governs dual directorships.

Shri Satguru Agromills Private Limited operates in the agri-processing and manufacturing of agro-based commodities. The disclosure notes that while Mr. Agrawal is not related to other directors except Mr. Rohit Agrawal, the private entity is considered a Related Party under Regulation 23. Any commercial dealings between the entities will require Audit Committee approval on an arm's length basis.

Banking Authorizations

The Board also authorized specific individuals to operate the company’s bank accounts. The approved signatories include:

• Mr. Chandrasekhar Agrawal (Senior Authorized Signatory)
• Mrs. Priyanka Agrawal (W/o Mr. Rohit Agrawal) as Banking Proxy
• Mrs. Priyanka Agrawal (W/o Mr. Rahul Agrawal) as Banking Proxy

These signatories are empowered to execute banking operations, sign cheques, and initiate RTGS/NEFT/electronic transfers on behalf of the company.

Meeting Details

The Board meeting commenced at 4:00 pm and concluded at 7:30 pm. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.