Mangalam Global Enterprise Limited has disclosed comprehensive voting results for its Employee Stock Option Plan 2026, following the successful completion of the postal ballot process on February 20, 2026. The company submitted detailed voting results to stock exchanges on February 23, 2026, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Comprehensive Voting Results

Both special resolutions were overwhelmingly approved by shareholders with identical voting patterns across all categories:

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

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.

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. Mr. Chirag Shah, Partner of M/s Chirag Shah & Associates, Company Secretaries in Practice, was appointed as scrutinizer to ensure fair and transparent voting.

Documentation and Disclosure

The company has made the detailed voting results and 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 electronically to shareholders whose names appeared in the register as of the cut-off date.

Mr. Chanakya Prakash Mangal, Managing Director, declared the results confirming that all conditions under Section 114(2) of the Companies Act 2013 were fulfilled and both resolutions were approved as special resolutions with overwhelming shareholder support.

Mangalam Global Enterprise Limited has submitted an application to stock exchanges seeking no-objection for promoter reclassification under Regulation 31A(8)(c) of the SEBI (LODR) Regulations, 2015. The company informed BSE Limited and National Stock Exchange of India Limited about this development through a formal intimation dated January 23, 2026.

Board Approval and Application Details

The Board of Directors of Mangalam Global Enterprise Limited considered and approved the reclassification application during their meeting held on January 13, 2026. The application was received from Ms. Radhika Bansal, a member of the Promoter Group, seeking reclassification from the 'Promoter Group' category to the 'Public' category.

Stock Exchange Submission

The company submitted the reclassification application along with all requisite documents to both stock exchanges on January 17, 2026. The submission was made to BSE Limited and National Stock Exchange of India Limited for their approval under the applicable SEBI regulations.

Company Information

Mangalam Global Enterprise Limited is listed on both NSE (symbol: MGEL) and BSE (scrip code: 544273) with ISIN INE0APB01032. The company is registered under CIN L24224GJ2010PLC062434 with its registered office located at 101, Mangalam Corporate House, Ahmedabad, Gujarat.

The intimation was signed by Karansingh I. Karki, Company Secretary & Compliance Officer, and referenced previous communications including the board meeting outcome and the initial reclassification application receipt intimation dated December 25, 2025.