Tech Mahindra Allots 1,12,907 Equity Shares Through Employee...
01 May 2026
Mangalam Global Enterprise Limited has secured in-principle approval from major Indian stock exchanges for listing equity shares under its employee stock option scheme. The company announced on May 01, 2026, that it has received approvals from both National Stock Exchange of India Limited and BSE Limited for its Employee Stock Option Plan 2026.
Stock Exchange Approvals
The approvals cover the listing of up to 33,00,000 equity shares of Rs. 1/- each to be issued under the Employee Stock Option Plan 2026. Both exchanges granted their approvals under Regulation 28(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Exchange Details: Information NSE Symbol: MGEL (EQ) BSE Scrip Code: 544273 Share Face Value: Rs. 1/- each Maximum Shares: 33,00,000 Plan Name: Employee Stock Option Plan 2026
Compliance Conditions
The in-principle approvals are subject to several mandatory compliance conditions that the company must fulfill. These conditions ensure adherence to regulatory frameworks and protect investor interests.
Key Requirements Include:
Notification to exchanges as per Regulation 10(c) format after share allotment and crediting to beneficiaries' accounts
Payment of prescribed fees as determined by the exchanges
Receipt of all statutory and regulatory approvals from authorities including SEBI, RBI, and MCA
Compliance with exchange guidelines, regulations, and directions
Adherence to SEBI LODR Regulations 2015 conditions
Compliance with Companies Act provisions and other applicable laws
Regulatory Framework
The Employee Stock Option Plan 2026 operates under the Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company submitted the required statement under Regulation 10(b) along with other necessary documentation to both exchanges.
Regulatory Aspect: Details Governing Regulation: SEBI (Share Based Employee Benefits) Regulations, 2021 Disclosure Requirement: Regulation 30 of SEBI LODR Regulations 2015 Approval Type: In-principle approval under Regulation 28(1) Application Date: April 30, 2026
Exchange Reservations
Both NSE and BSE have reserved the right to withdraw their in-principle approvals if any submitted information is found to be incomplete, incorrect, misleading, or false. The exchanges also retain the right to revoke approval for any contravention of rules, bye-laws, regulations, listing agreements, or statutory guidelines.
The exchanges will issue final trading permissions upon receipt of notification under Regulation 10(c) and subject to compliance with all stated conditions. The company must also submit additional documentation as specified in the checklists available on the respective exchange websites.
Mangalam Global Enterprise Limited has announced strong financial results for Q4FY26, following the board meeting held on April 18, 2026. The company reported significant growth in both revenue and profitability, with total income reaching ₹1,065.27 crores and profit after tax surging 140% year-on-year.
Financial Performance Highlights
The company's financial results demonstrate robust operational performance across key metrics:
Financial Metric Q4FY26 Performance Total Income ₹1,065.27 crores Profit After Tax Growth 140% YoY increase Results Status Audited and approved by board Meeting Date April 18, 2026
Board Meeting Outcomes
The board of directors successfully concluded their scheduled meeting on April 18, 2026, where they considered and approved the audited financial results. The meeting agenda covered several critical business matters:
Agenda Item Status Standalone Financial Results Approved for Q4FY26 and FY26 Consolidated Financial Results Approved for Q4FY26 and FY26 Dividend Recommendation Considered for FY26 Statutory Compliance Completed with auditor's report
Regulatory Compliance and Trading Window
The company maintained strict adherence to regulatory requirements throughout the results announcement process. The trading window for dealing in equity shares was closed from April 01, 2026, and remained restricted until 48 hours after the financial results declaration, ensuring compliance with insider trading regulations.
The results announcement represents the culmination of the company's planned disclosure process, with the board meeting notification having been communicated to both NSE and BSE on April 15, 2026. Company secretary and compliance officer Karansingh I. Karki oversaw the regulatory documentation and adherence procedures.
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