Mangalam Worldwide Approves FY26 Audited Results, Recommends 3% Final Dividend
Mangalam Worldwide Limited approved its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board recommended a final dividend of ₹0.30 per share (3%). The company also approved appointments of internal and cost auditors for FY27 and a proposal for direct listing on BSE. Mr. Chanakya Prakash Mangal's designation changed from MD to Non-Executive Director.
The recommendation of a dividend and the approval of financial results are positive for shareholders. The management change and the proposal for direct listing on BSE are also material events that could impact the company's future.
The company reported its audited financial results and recommended a dividend, which are positive indicators for shareholders. The appointment of auditors and the proposal for direct listing on BSE suggest forward-looking actions.
Mangalam Worldwide Limited announced the outcome of its Board Meeting held on April 29, 2026. The Board considered and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026, both with unmodified audit opinions.
The Board recommended a Final Dividend of ₹0.30 per equity share (3% of face value of ₹10) for the financial year ended March 31, 2026. This recommendation is subject to the approval of the members at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid within the prescribed time limit.
Additionally, the company approved the appointment of M/s. S S Rawat & Co. as Internal Auditors and M/s. V. M. Patel & Associates as Cost Auditors for the financial year 2026-27. The Board also considered and approved the proposal for the direct listing of the Company's shares on the Main Board of BSE Limited, subject to necessary approvals.
In a significant management 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 will inform the stock exchanges in due course about the AGM date, the record date for dividend payment, and the dividend payment commencement date.
The Board meeting commenced at 3:30 PM and concluded at 8:30 PM.
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Mangalam Worldwide Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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