Manglam Global Corp.

Manglam Global Corporations' board approved a proposal to seek an increase in its State Bank of India cash-credit and working-capital limit from ₹4.80 crore to up to ₹20 crore, while authorising directors to submit the application and accept the bank's terms. It accepted Company Secretary Nalini Kankani's resignation effective September 1, appointed Dalchand Raghuvanshi as her replacement, approved a ₹2 crore investment in wholly owned subsidiary Shri Krishnam Industries and increased CFO Aman Agrawal's remuneration.

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Manglam Global Corporations' board approved raising up to ₹10 crore through a preferential allotment of 1 crore equity shares at ₹10 each to 25 investors, including promoters and non-promoters, subject to shareholder and stock-exchange approval. Promoters were allocated 76.3 lakh of the proposed shares. The company also reported consolidated quarterly revenue of ₹14.41 crore and net profit of ₹15.55 lakh for the June quarter, compared with ₹2.69 crore and ₹2.19 lakh a year earlier.

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Manglam Global Corporations acquired a 100% stake in Manglam Food Products Private Limited, making it a wholly owned subsidiary. The ₹6 crore cash deal covers 6 million equity shares of ₹10 each in the newly incorporated company, which was converted from a partnership and has no prior turnover. The target will carry on rice milling, grain processing, and spices manufacturing, adding a food processing vertical to the listed entity. The acquisition is a related-party transaction with promoter group interest. No regulatory approvals were required, and the transaction was completed on July 1, 2026.

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Manglam Global Corporations' board approved a ₹5 crore increase in authorised share capital to ₹20 crore and sanctioned new debt facilities worth ₹25.92 crore, including a ₹92 lakh term loan from State Bank of India under ECLGS 5.0, ₹10 crore of warehouse receipt finance from Central Bank of India, and ₹15 crore from Aryadhan Financial Solutions. The board also appointed M/s A K B Jain & Co as statutory auditors to replace the resigned firm, approved material related-party transaction limits of up to ₹250 crore each with five entities, and authorised an increase in the authorised capital of wholly owned subsidiary Shri Krishnam Industries Private Ltd from ₹70 lakh to ₹10 crore. The decisions are subject to shareholder approval at the forthcoming annual general meeting.

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May 25 (Reuters) - Manglam Global Corporations Ltd MNGM.BO:

• MANGLAM GLOBAL CORPORATIONS LTD - BUYS 100% STAKE IN SHRI KRISHNAM INDUSTRIES FOR 6.3 MILLION RUPEES

Source text: ID:nBSE9PlSRp

Further company coverage: MNGM.BO

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July 11 (Reuters) - KSHITIJ Investments Ltd KSHI.BO:

• NAMES AMAN AGRAWAL AS CFO

• CFO PRANAV RAJKUMAR RESIGNS

Source text for Eikon: ID:nBSE1RtnJt

Further company coverage: KSHI.BO

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July 12 (Reuters) - KSHITIJ Investments Ltd KSHI.BO:

• APPROVED RAISING OF FUNDS

• FUNDS RAISE VIA ISSUE OF SHARES TO NON-PROMOTER ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSE6dBqF0

Further company coverage: KSHI.BO

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July 7 (Reuters) - KSHITIJ Investments Ltd KSHI.BO:

• TO CONSIDER RAISING OF FUNDS VIA ISSUE OF SHARES ON PREFERENTIAL ALLOTMENT BASIS

Source text for Eikon: ID:nBSE905sq2

Further company coverage: KSHI.BO

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