Mangalam Industrial Finance Shareholders Approve Authorized Share Capital Increase with Overwhelming Majority
Mangalam Industrial Finance Limited (MIFL) shareholders overwhelmingly approved an increase in the company's authorized share capital and alterations to its Memorandum of Association through a postal ballot. The resolution received 99.93% overall approval, with 100% support from the Promoter and Promoter Group and 86.84% from Public Non-Institutions. Out of 96.16 crore total shares, 56.96 crore votes were cast, representing 59.23% participation. The e-voting period ended on July 18, 2025, and the scrutinizer's report was submitted on July 21, 2025.