MGEL : TO ISSUE UP TO 3 CRORE CONVERTIBLE WARRANTS TO PROMOTERS

• Board approved preferential allotment of up to 3,00,00,000 fully convertible equity warrants to promoter/promoter group investors • Each warrant convertible into 1 equity share of face value ₹1, within 18 months from allotment; unexercised warrants lapse and paid amounts stand forfeited • Allottees: Chandragupt Prakash Mangal and Chanakya Prakash Mangal (1,00,00,000 warrants each), Honey Mangal (55,00,000), Tanisha Mangal (45,00,000) • Issue price to be determined later in accordance with Chapter V of SEBI ICDR Regulations, subject to shareholder and regulatory approvals • Post-issue promoter holding: Chandragupt 17.38% to 18.71%, Chanakya 16.61% to 18.00%, Honey 0.35% to 1.85%, Tanisha 0% to 1.25% • Board also approved postal ballot notice for special resolutions seeking member approval Impact: Neutral (Promoter group stake rises via warrants, but pricing and final fund inflow are not yet disclosed)

Mangalam Global Enterprise Ltd

Open attachment

← Back to feed