Mangalam Worldwide has received board approval for a significant debt fundraising initiative, with directors sanctioning the issuance of non-convertible debentures worth up to ₹100 crore through private placement.

Board Decisions and Corporate Governance

The company's board of directors has taken two key decisions regarding the debt issuance process. The primary approval covers the NCD issue with a maximum limit of ₹100 crore, to be executed through private placement methodology.

Committee Formation

Alongside the NCD approval, the board has established a dedicated debentures committee to provide specialized oversight and governance for the debt issuance process. This committee structure ensures focused management and decision-making for the fundraising initiative.

Fundraising Strategy

The private placement route for NCD issuance allows the company to raise debt capital from select institutional and qualified investors. Non-convertible debentures represent fixed-income securities that provide regular interest payments to investors without conversion options into equity shares. This debt instrument enables companies to access capital markets while maintaining existing shareholding patterns.

Mangalam Worldwide Limited shares surged 7% in Monday's trading session to reach a fresh all-time high of ₹295.95 on the NSE, defying broader market weakness. The rally in the small-cap stainless-steel manufacturer was triggered by the company's strong December quarter performance and renewable energy expansion announcement.

Strong Q3 FY26 Financial Performance

The company delivered impressive third-quarter results, demonstrating robust operational execution across key metrics:

The company's operating efficiency improved significantly with EBITDA margins expanding by 128 basis points year-over-year, reflecting effective cost management and operational discipline.

Nine-Month Performance Highlights

For the nine months ended December 31, Mangalam Worldwide maintained strong momentum with consolidated net profit and revenue growing 65% and 28% to ₹34.77 crore and ₹948.48 crore, respectively.

Renewable Energy Expansion Initiative

The company announced a significant step toward strengthening its renewable energy capabilities with plans to install a 10.4 MW DC ground-mounted solar power plant for captive consumption at its Halol unit.

This installation is expected to substantially enhance the company's renewable energy generation and support its sustainability objectives.

Management Commentary

Commenting on the performance, Chandragupt Prakash Mangal, Managing Director of Mangalam Worldwide Limited, stated: "Our Q3 FY26 performance reflects a steady focus on operational efficiency, cost management, and disciplined execution. During the quarter, we continued to strengthen our integrated capabilities while also progressing on our sustainability initiatives, including our renewable energy efforts."

Exceptional Stock Performance

Mangalam Worldwide shares have demonstrated remarkable performance across multiple timeframes:

The stock has been in a sustained bull run since July 2025, gaining 74% during this period and extending annual gains for the third consecutive year. The company's consistent operational improvements and strategic initiatives continue to drive investor confidence in this integrated stainless-steel manufacturer.