Mangalam Industrial Finance has received comprehensive regulatory disclosures from Ward Wizard Solutions India Private Limited regarding the creation of a pledge on 1,50,00,000 equity shares. The pledge was created in favor of Blacksoil Capital Private Limited on April 7, 2026, as per the regulatory filing submitted on April 9, 2026, under SEBI takeover regulations.

Pledge Creation Details

The pledged shares represent 1.05% of the total share capital of Mangalam Industrial Finance Limited. Ward Wizard Solutions India Private Limited, acting as a promoter entity along with Person Acting in Concert (PAC) Yatin Sanjay Gupte, disclosed this transaction under Regulation 31(1) and Regulation 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Agreement and Security Details

The pledge creation stems from an agreement dated March 27, 2026, executed between the parties as collateral for financial assistance availed to a group company. Under the terms and conditions of this Pledge Agreement, the financial assistance obtained by the borrower is secured by the pledge of 1,50,00,000 equity shares held by Ward Wizard Solutions in Mangalam Industrial Finance Limited.

Regulatory Filing and Compliance

The disclosure was filed through proper regulatory channels, with Mangalam Industrial Finance Limited's Company Secretary Samoil Akilbhai Lokhandwala submitting the documentation to BSE Limited on April 10, 2026. The filing includes comprehensive details under Annexure-1 format as required by SEBI regulations for encumbrance disclosures.

Current Shareholding Structure

Following the pledge creation, the combined shareholding pattern shows Ward Wizard Solutions India Private Limited maintaining its voting rights while increasing its encumbered shares. The disclosure reveals the complete promoter shareholding structure in Mangalam Industrial Finance Limited with significant holdings by multiple promoter entities.

Company Information

Mangalam Industrial Finance Limited operates with shares listed on BSE Limited under scrip code 537800. Ward Wizard Solutions India Private Limited operates under CIN: U74900GJ2016PTC086439 with its registered office at Shed No.C-222, GIDC Makarpura, Industrial Estate, Vadodara, Gujarat. The pledge creation represents a standard corporate financing arrangement with proper regulatory compliance and disclosure requirements fulfilled.

Mangalam Industrial Finance Limited has announced a comprehensive integration of Artificial Intelligence technology across its core operations, marking a significant digital transformation milestone for the Non-Banking Financial Company (NBFC). The announcement was made on April 11, 2026, from the company's corporate office in Vadodara.

Strategic AI Implementation Areas

The AI-led transformation will target several critical operational areas to enhance overall business efficiency and customer service delivery:

Operational Benefits and Customer Impact

The strategic adoption of AI technology is designed to deliver multiple operational improvements. The initiative will facilitate instant loan processing capabilities, strengthen existing risk management frameworks, and significantly improve overall operational efficiency. Customers will experience a more seamless and tailored service experience that aligns with evolving digital expectations in the financial services sector.

Leadership Vision and Strategic Direction

Chairman & Managing Director Venkata Ramana Revuru outlined the company's vision for this technological transformation. He emphasized that Mangalam is "bridging the gap between traditional lending and future-tech" by embedding AI into credit and risk frameworks. The transformation represents a shift from manual processes to a high-precision, data-driven operational model.

Key Strategic Pillars

The AI integration focuses on three core strategic pillars:

Company Background and Market Position

Mangalam Industrial Finance Ltd. operates as a leading financial services provider, specializing in innovative financing solutions across various sectors. The company maintains a strong focus on fostering sustainable growth and supporting green projects, including clean energy and electric mobility initiatives. This AI integration reinforces the company's commitment to contributing to India's progress toward a sustainable future through forward-looking financial products.

Contact Information

For additional information regarding this AI integration initiative, stakeholders can contact Chief Financial Officer Arun Pillai at cfo@miflindia.in or (+91) 9274685603.