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.

Mangalam Global Enterprise Limited has successfully incorporated a new subsidiary company, marking a strategic expansion into the organic products sector. The company received the certificate of incorporation from the Registrar of Companies (ROC-CRC) on January 23, 2026, for its subsidiary 'Mangalam Vanasya Organic Private Limited'.

Subsidiary Company Details

The newly incorporated subsidiary presents a focused approach to organic business operations with specific financial parameters:

Business Focus and Industry Scope

Mangalam Vanasya Organic Private Limited will operate in the manufacturing and trading of diverse product categories. The subsidiary's business scope encompasses:

• Organic products manufacturing and trading
• Food products development
• Ayurvedic healthcare products
• Cereals and related agricultural products

This incorporation enables the parent company to pursue specific business segments in a more focused manner, particularly in the growing organic products market.

Investment Structure and Shareholding

The parent company's investment in the subsidiary follows a strategic shareholding pattern:

Mangalam Global Enterprise Limited will subscribe to 55,000 equity shares of face value ₹10.00 each, aggregating to ₹5.50 lakh, providing the company with majority control over the subsidiary's operations.

Regulatory Compliance and Related Party Status

The incorporation falls under related party transactions as the subsidiary is directly controlled by Mangalam Global Enterprise Limited. The company has confirmed that promoters and promoter group members have no additional interest in the subsidiary beyond their respective shareholding in the parent company. No specific governmental or regulatory approvals were required for this incorporation, and the process has been completed as per standard corporate procedures.

This strategic subsidiary formation positions Mangalam Global Enterprise Limited to capitalize on the expanding organic products market while maintaining operational focus through dedicated business entities.