News Corporate Actions Mangalam Global Enterprise Limited Shareholders Approve Employee Stock Option Plan 2026 via Postal BallotMangalam Global Enterprise Limited Shareholders Approve Employee Stock Option Plan 2026 via Postal Ballot
Mangalam Global Enterprise Limited successfully completed its postal ballot process on February 20, 2026, with shareholders approving the Employee Stock Option Plan 2026 through two special resolutions. The voting was conducted via remote e-voting from January 22 to February 20, 2026, covering stock options for company employees and subsidiary employees. The process was overseen by scrutinizer Mr. Chirag Shah and declared by Managing Director Mr. Chanakya Prakash Mangal in compliance with regulatory requirements.
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Mangalam Global Enterprise Limited has announced the successful completion of its postal ballot process, with shareholders approving the Employee Stock Option Plan 2026 on February 20, 2026. The company submitted the proceedings to stock exchanges on February 21, 2026, in compliance with regulatory requirements.
Postal Ballot Process and Timeline
The Board of Directors decided on January 13, 2026, to seek shareholder consent through postal ballot under the Companies Act 2013 and SEBI regulations. The company engaged MUFG Intime India Private Limited to provide remote e-voting facility through the instavote platform.
| Process Details: | Information |
|---|---|
| Cut-off Date: | January 9, 2026 |
| Notice Date: | January 13, 2026 |
| Notice Distribution: | January 21, 2026 (via email) |
| Voting Period: | January 22, 2026 (09:00 AM) to February 20, 2026 (05:00 PM) |
| Result Declaration: | February 21, 2026 |
Approved Resolutions
Shareholders passed two special resolutions through the postal ballot:
- Resolution 1: Approval for implementation of the Employee Stock Option Plan 2026 and grant of employee stock options to eligible employees of the company
- Resolution 2: Approval for grant of employee stock options under the Employee Stock Option Plan 2026 to eligible employees of the company's wholly owned subsidiary and subsidiary companies
Regulatory Compliance and Oversight
The postal ballot was conducted in strict compliance with multiple regulatory frameworks including the Companies Act 2013, SEBI Listing Regulations, and various MCA circulars issued between 2020 and 2025. Mr. Chirag Shah, Partner of M/s Chirag Shah & Associates, Company Secretaries in Practice, was appointed as scrutinizer to ensure fair and transparent voting.
| Compliance Framework: | Details |
|---|---|
| Scrutinizer: | Mr. Chirag Shah (Membership No. F5545, CP No. 3498) |
| Scrutiny Report Date: | February 21, 2026 |
| Result Declared By: | Mr. Chanakya Prakash Mangal, Managing Director |
| Company Secretary: | Mr. Karansingh I. Karki (Mem. No. A30021) |
Documentation and Disclosure
The company has made the postal ballot proceedings available on its website at www.groupmangalam.com and on the stock exchange websites. The voting was conducted exclusively through remote e-voting, with notices sent to shareholders whose names appeared in the register as of the cut-off date of January 9, 2026.
Mr. Chanakya Prakash Mangal, Managing Director, declared the results in the presence of Company Secretary Mr. Karansingh I. Karki, confirming that all conditions under Section 114(2) of the Companies Act 2013 were fulfilled and both resolutions were approved as special resolutions.
Historical Stock Returns for Mangalam Global Enterprise
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -7.00% | -6.85% | -30.51% | -7.67% | +24.46% |
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