Mangalam Worldwide Board Approves 1:10 Stock Split; Reports ₹1,214.98 Cr Revenue for FY26

Mangalam Worldwide Limited, a fully integrated stainless-steel manufacturer, announced that its Board of Directors, at its meeting held on May 15, 2026, approved the proposal for sub-division/stock split of the company's equity shares having face value of ₹10 (Rupees Ten only) each, into 10 equity shares having face value of ₹1 (Rupee One only) each, fully paid-up. The intimation was filed pursuant to Regulation 30 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed stock split is aimed at enhancing liquidity in the company's equity shares and encouraging broader participation from retail investors. The Board also approved the consequential alteration to the Capital Clause of the Memorandum of Association of the company, subject to requisite approvals.

Stock Split Details

The following key parameters of the approved stock split have been disclosed:

Parameter: Details Split Ratio: 1:10 Existing Face Value: ₹10/- per share Revised Face Value: ₹1/- per share Subject To: Shareholder approval and regulatory/statutory approvals

Management Commentary

Commenting on the development, Chandragupt Prakash Mangal, Managing Director, Mangalam Worldwide Limited, said: "The proposed stock split reflects the company's continued focus on creating long-term value for shareholders and improving accessibility of the stock for a wider investor base. Supported by strong operational performance and improving market participation, MWL remains focused on strengthening its position in value-added stainless-steel segments."

Financial Performance and Other Developments

Mangalam Worldwide recently reported strong financial performance for FY26. The Board of Directors also recommended a Final Dividend of ₹0.30 per equity share having face value of ₹10 each for FY26. Additionally, the company approved the proposal for direct listing on the Main Board of BSE, subject to approval of BSE or relevant authorities. Key financial highlights are presented below:

Metric: FY26 Revenue: ₹1,214.98 crore PAT: ₹50.14 crore Final Dividend: ₹0.30 per equity share (FV ₹10)

Trading Window Closure

In compliance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company has been closed. The trading window will remain closed until the expiry of 48 hours after the submission of the outcome of the Board meeting.

About Mangalam Worldwide Limited

Mangalam Worldwide Limited, established in 1995, is a fully integrated stainless steel manufacturer with operations ranging from scrap melting to the manufacturing of seamless pipes and tubes. At the core of its strength is a vertically integrated manufacturing ecosystem covering melting, rolling, bright bar finishing, and seamless pipe and tube production. The company produces stainless steel billets, ingots, flat bars, round bars, bright bars, seamless pipes and tubes, heat exchanger tubes, and U-tubes. Its infrastructure spans four plants located in Halol (Unit I), Changodar (Unit II), and Kapadvanj (Unit III & IV), Gujarat, covering over 1,25,000 square meters with a total installed capacity of more than 1,90,000 MTPA. With a skilled workforce of over 750 employees, Mangalam Worldwide Limited serves growing demand across domestic and international markets.

The intimation was signed by Soham Raval, Company Secretary & Compliance Officer (Membership No.: A34154), on behalf of Mangalam Worldwide Limited.

Mangalam Worldwide Limited has reported a robust financial performance for FY26, with Profit After Tax (PAT) increasing by 70% year-on-year to ₹50.14 crore, up from ₹29.53 crore in FY25. The fully integrated stainless steel manufacturer achieved a total income of ₹1,214.99 crore, a 14% rise from ₹1,066.03 crore in the previous fiscal year. EBITDA for the year stood at ₹97.84 crore, reflecting an improved margin of 8.05% compared to 5.63% in FY25. The Diluted EPS rose to ₹16.87 from ₹10.29 in the prior year.

Board Decisions and Corporate Actions

Following the board meeting on April 29, 2026, the directors approved the audited financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹0.30 per equity share, representing 3% of the face value of ₹10 per share, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the board approved a proposal for the direct listing of the company's shares on the Main Board of BSE Limited, pending necessary approvals.

In key organizational changes, Mr. Chanakya Prakash Mangal's designation was changed from Managing Director to Director (Non-Executive Non Independent Director) effective April 29, 2026. The board also appointed new auditors for the fiscal year 2026-27. M/s. S S Rawat & Co. was appointed as the Internal Auditor, and M/s. V. M. Patel & Associates was appointed as the Cost Auditor.

Board Decision: Details Final Dividend: ₹0.30 per equity share (3% of face value) BSE Listing Proposal: Direct listing on Main Board approved Leadership Change: Chanakya Prakash Mangal redesignated as Director (Non-Executive Non Independent) Internal Auditor: M/s. S S Rawat & Co. (FRN: 147356W) Cost Auditor: M/s. V. M. Patel & Associates (Firm Reg No: 101519)

FY26 and Q4 Financial Performance

The company's Q4 FY26 performance showed continued momentum, with total income reaching ₹266.51 crore. PAT for the quarter surged 81% year-on-year to ₹15.37 crore from ₹8.48 crore in Q4 FY25, while EBITDA for the quarter was recorded at ₹15.65 crore. The following tables summarise the key financial metrics:

Performance Metric: FY26 FY25 FY24 Total Income (₹ Cr): 1,214.99 1,066.03 — EBITDA (₹ Cr): 97.84 60.05 20.92 EBITDA Margin (%): 8.05% 5.63% — PAT (₹ Cr): 50.14 29.53 17.58 PAT Margin (%): 4.13% 2.77% — Diluted EPS (₹): 16.87 10.29 8.45

Q4 Performance: Q4 FY26 Q4 FY25 Growth (%) Total Income (₹ Cr): 266.51 324.56 — EBITDA (₹ Cr): 15.65 — — PAT (₹ Cr): 15.37 8.48 +81%

Strategic Milestones and Ratios

FY26 was a year of strategic milestones, including the migration to the NSE Main Board in September 2025 and a credit rating upgrade to "A". The company expanded its global footprint by securing vendor approvals from SABIC and QatarEnergy. On the sustainability front, a 1.2 MW rooftop solar system was installed at the Kapadvanj facility, with a 10.42 MW ground-mounted solar project under implementation at Handod, Vadodara.

Financial ratios indicate strengthened balance sheet health. Net worth grew to ₹305.48 crore in FY26 from ₹139.69 crore in FY23. Return on Equity (ROE) improved to 17.68%, while Return on Capital Employed (ROCE) rose to 15.35%. The Book Value per share increased to ₹100.91 from ₹86.17 in the previous year.

Key Ratio: FY26 FY25 FY24 ROE (%): 17.68 13.40 — ROCE (%): 15.35 11.83 11.04 Debt-to-Equity (Times): 0.77 0.73 0.55 Book Value (₹): 100.91 86.17 69.38

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