Hot Pursuit

06-Nov-2026, 02:44

Mangalam Global Enterprise Limited announced the board’s approval to raise funds through the preferential allotment of up to 30,00,000 (Three Crores) convertible warrants to promoters and promoter group entities, including Chandragupt Prakash Mangal, Chanakya Prakash Mangal, Honey Mangal, and Tanisha Mangal, for an undisclosed amount and issue price to be determined later in accordance with applicable regulations. The warrants, each convertible into one fully paid-up equity share with a face value of Rs 1, will have a tenure of 18 months. The company also approved a postal ballot for shareholder resolutions and appointed Mr. Rajesh Parekh as the scrutinizer for the process.