Mangalam Worldwide to seek shareholder approval for Director Appointment and Remuneration Hike for Mrs. Rashmi Mangal
Mangalam Worldwide is seeking shareholder approval via postal ballot for the appointment of Mr. Keyoor Madhusudan Bakshi as an Independent Director and an increase in remuneration for Mrs. Rashmi Mangal to ₹10 Lakhs per month from October 15, 2026. E-voting will be open from September 9 to October 8, 2026.
The appointment of an independent director and the adjustment of remuneration for a key individual are material events for corporate governance and operational oversight, hence impacting the company's structure and management.
The announcement is a routine corporate procedural communication regarding shareholder voting on director appointments and remuneration adjustments. It does not contain information that would significantly alter the company's valuation or immediate market perception.
Mangalam Worldwide Limited has issued a Postal Ballot Notice seeking shareholder approval for two key resolutions. The first resolution pertains to the appointment of Mr. Keyoor Madhusudan Bakshi as a Non-Executive and Independent Director for a term of five years, effective from September 3, 2026, to September 2, 2031. Mr. Bakshi brings over 46 years of experience in Corporate Laws, Finance, and Management, with expertise in areas such as Corporate Governance and Securities Compliance.
The second resolution seeks approval for an enhanced remuneration package for Mrs. Rashmi Mangal, a member of the Advisory Board. Her monthly remuneration will be increased to a maximum of ₹10,00,000 per month, effective from October 15, 2026. Mrs. Mangal, who is related to the Chairman and Managing Director, has been associated with the company for a considerable period and holds a Bachelor's degree in Commerce with over 30 years of experience.
The company has engaged MUFG Intime India Private Limited to provide remote e-voting facilities for the postal ballot. The e-voting period will commence on September 9, 2026, and conclude on October 8, 2026. Shareholders as of the cut-off date of September 4, 2026, are eligible to cast their votes electronically. The results of the e-voting will be announced by October 10, 2026.
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Mangalam Worldwide Limited filed this with the NSE as a statutory disclosure, categorised under board changes. 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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See the model portfoliosA plain-language summary of a public exchange filing by Mangalam Worldwide Limited. Read the original for the full detail.