Mangalam Global Enterprise Limited has issued a postal ballot notice seeking shareholder approval for the implementation of Employee Stock Option Plan 2026 (ESOP 2026). The notice, dated January 13, 2026, outlines the company's proposal to introduce an equity-based compensation scheme for eligible employees.

Postal Ballot Details

The company has scheduled remote e-voting for shareholders to approve two special resolutions related to the ESOP 2026. The voting process will be conducted entirely through electronic means, with no physical postal ballot forms being distributed.

Employee Stock Option Plan 2026 Features

The proposed ESOP 2026 aims to attract, retain, and motivate employees while creating employee co-ownership aligned with company objectives. The plan covers eligible employees of the company and its subsidiary companies, excluding promoters and independent directors.

Key Plan Parameters

Vesting and Exercise Structure

The ESOP 2026 incorporates a structured vesting schedule designed to ensure employee retention and performance alignment:

• 25% of granted options vest at the end of the first year
• 25% vest at the end of the second year
• 25% vest at the end of the third year
• 25% vest at the end of the fourth year

Options will vest based on continuation of employment, with additional performance-based conditions as determined by the Nomination and Remuneration Committee. The exercise period commences from the date of vesting and expires one year from the date of last vesting.

Pricing and Exercise Terms

The exercise price will be determined by the Nomination and Remuneration Committee for each grant, fixed at a discount not exceeding 50% of the Average Market Price. The Average Market Price is calculated as the closing price on the stock exchange with the highest trading volume, based on one year's trading days prior to the grant date.

Shares issued upon exercise will rank pari passu with existing equity shares. The company will issue primary shares against exercised options, with a one-year lock-in period from the date of allotment.

Regulatory Compliance and Administration

The plan complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and will be administered directly by the company through its Nomination and Remuneration Committee. The company will follow fair value method for option valuation and prescribed accounting standards.

Results of the postal ballot will be announced within two working days from the conclusion of the e-voting period and will be available on the company's website, stock exchange platforms, and the e-voting agency's portal.

Source: Exclusive content

Mangalam Global Enterprise Limited announced its unaudited financial results for the third quarter of fiscal year 2026, covering the period ended December 31, 2025. The Board of Directors approved these results at their meeting held on January 13, 2026, at the company's registered office in Ahmedabad.

Financial Performance Overview

The company delivered steady performance across both standalone and consolidated operations during Q3FY26. The financial metrics demonstrate the company's operational efficiency in its core agro-based commodities business.

Nine Months Performance

For the nine months ended December 31, 2025, the company showed robust growth across key parameters. Standalone revenue from operations reached ₹2,03,008.70 lakhs compared to ₹1,61,170.36 lakhs in the corresponding period of the previous year, representing a growth of 25.96%. Net profit after tax for nine months stood at ₹3,021.13 lakhs on standalone basis and ₹3,273.91 lakhs on consolidated basis.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹3,295.56 lakhs with face value of ₹1 each. Basic and diluted earnings per share for Q3FY26 were ₹0.20 on standalone basis and ₹0.26 on consolidated basis. For the nine months period, earnings per share reached ₹0.92 standalone and ₹0.99 consolidated.

Strategic Corporate Actions

The Board approved several significant corporate initiatives during the meeting:

Subsidiary Expansion

The company has strengthened its corporate structure through strategic subsidiary incorporations. The consolidated results now include four subsidiaries: Mangalam Global (Singapore) Pte. Ltd., MGEL Multicomm Private Limited (incorporated January 3, 2025), Mangalam Oleo Speciality Products Private Limited (incorporated November 17, 2025), and Mangalam Neat Everyday Private Limited (incorporated December 26, 2025).

Business Segment and Operations

Mangalam Global Enterprise operates primarily in agro-based commodities, which constitutes its only reportable business segment under Indian Accounting Standard 108. The segment reporting shows Indian operations contributing ₹62,004.80 lakhs and foreign operations ₹14,115.73 lakhs to consolidated revenue for Q3FY26.

Regulatory Compliance

The company reported zero investor complaints during Q3FY26, maintaining its clean compliance record. The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors Keyur Shah & Co., Chartered Accountants. All results are available on the company website and stock exchange platforms for stakeholder access.