Mangalam Worldwide Limited has successfully completed the allotment and listing of non-convertible debentures worth Rs. 50 crores, marking a significant milestone in the company's fundraising initiative. The debentures were allotted on April 28, 2026, and subsequently listed on the National Stock Exchange of India Limited's debt segment on April 30, 2026.

Debenture Issue and Listing Details

The comprehensive debenture issuance demonstrates the company's commitment to transparent capital market operations:

The debentures are classified as rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures issued through private placement in accordance with SEBI regulations.

Regulatory Compliance and Market Integration

The company has fulfilled all regulatory requirements under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation to the National Stock Exchange confirms the successful integration of these debt securities into the organized debt market.

MITCON Credentia Trusteeship Services Limited serves as the debenture trustee, ensuring proper oversight and protection of investor interests throughout the tenure of the debentures.

Security Structure and Investment Features

The debentures offer attractive investment characteristics with comprehensive security arrangements. The security structure includes mortgage over assets of Mr. Chanakya Prakash Mangal and pledge over equity shares held by Mr. Vipin Prakash Mangal, providing multiple layers of protection for investors.

With a competitive 10% annual coupon rate and quarterly payment frequency, the debentures provide regular income streams for investors over the 36-month tenure. The listing on NSE's debt segment enhances liquidity options, allowing investors to trade these securities in the secondary market.

Corporate Communication

The listing confirmation was communicated through official correspondence signed by Company Secretary Soham Raval (Membership No.: A34154), demonstrating proper corporate governance protocols. The company maintains its registered office at Mangalam Corporate House, Ahmedabad, Gujarat, and continues to ensure transparent communication with all stakeholders regarding this debt issuance.

Mangalam Worldwide Limited has delivered exceptional financial performance for FY26, reporting a remarkable 70% year-on-year increase in Profit After Tax (PAT) to ₹50.14 crore, compared to ₹29.52 crore in FY25. The fully integrated stainless steel manufacturer also achieved strong revenue growth with total income rising 14% to ₹1,214.98 crore from ₹1,066.03 crore in the previous fiscal year.

Strong Q4 FY26 Performance

The company's quarterly results for Q4 FY26 demonstrated continued momentum with total income of ₹266.50 crore. The quarter saw PAT surge 81% year-on-year to ₹15.37 crore from ₹8.48 crore in Q4 FY25, highlighting the company's operational efficiency and market positioning.

Board Decisions and Corporate Actions

Following the board meeting held on April 29, 2026, the company announced several key decisions through an official press release dated April 30, 2026. The board approved the audited financial results for FY26 and recommended a final dividend of ₹0.30 per equity share, representing 3% of the face value of ₹10 per equity share. This dividend recommendation is subject to approval at the upcoming Annual General Meeting.

Strategic Initiatives and Leadership Changes

The board approved a proposal for direct listing on the Main Board of BSE Limited, subject to approval from BSE and relevant authorities. In a significant organizational change, Mr. Chanakya Prakash Mangal's designation was changed from Managing Director to Director (Non-Executive Non Independent Director) effective April 29, 2026. The company has also appointed Soham Raval as Company Secretary & Compliance Officer.

Management Commentary

Commenting on the performance, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited, stated: "FY26 has been a strong year for Mangalam Worldwide. Our profitability and revenue growth reflect the operational discipline and execution focus we have maintained consistently across quarters. Our integrated business model continues to be our key strength, enabling effective cost management across the value chain."

He further added: "The Board's recommendation of a Final Dividend and our proposal for direct listing on the BSE Main Board reflect our confidence in the business and commitment to create value for our esteemed shareholders. As we enter FY27, demand across oil & gas, chemical, pharmaceuticals, engineering & infrastructure remains encouraging, and we are well-positioned to capture opportunities ahead."

Company Profile

Established in 1995, Mangalam Worldwide Limited operates as a fully integrated stainless steel manufacturer with operations spanning from scrap melting to manufacturing seamless pipes and tubes. The company's infrastructure includes four plants located in Halol, Changodar, and Kapadvanj in Gujarat, with a combined installed capacity exceeding 1,90,000 MTPA and a workforce of over 750 employees across 1,25,000 square meters of facility space.