NSEGeneral Updates3d ago · 18 Sept 2026, 11:25 pm

General Updates

Mangalam Worldwide Limited · MWL

✦ AI SummaryRegulatory

Mangalam Worldwide Limited has received return letters from the NSE regarding its applications for in-principle approval for the conversion of warrants and draft Scheme of Amalgamation with Mangalam Saarloh Private Limited. The applications are being returned as they do not meet the requirements for migration to the main board due to the company's paid-up capital exceeding Rs. 25 crores.

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Growth Catalyst0/10
Governance Concern0/10
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Full Announcement

Mangalam Worldwide Limited has informed the Exchange about the return letter received from the NSE on September 17, 2026.

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MWL_18092026232543_MWLREG30INTIMATIONFINAL.pdf

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Ref: MWL/CS/2026-27/149 Date: September 18, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, Department of Corporate Services Bandra Kurla Complex, Bandra, Phiroze Jeejeebhoy Towers, Mumbai-400 051. Dalal Street, Mumbai- 400001 NSE Symbol: MWL Scrip Code: 544764 Ref: Equity ISIN: INE0JYY01029 NSE (Debt): ISIN: INE0JYY07018, Symbol: 975MWL29 NSE (Debt): ISIN: INE0JYY07026, Symbol: 10MWL29 Sub: Intimation towards receipt of return letters from NSE on September 17, 2026. Ref: (1) Intimation under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (2) Letter of NSE vide Ref No. NSE/LIST/40167 dated September 17, 2026. (3) Letter of NSE vide Ref No. NSE/LIST/40408 dated September 17, 2026. Dear Sir/ Madam, Pursuant to the Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read together with the circulars and notifications issued thereunder (SEBI Listing Regulations), we hereby inform that the Company has received letters from NSE on September 17, 2026 as follows: (1) Return letter received from NSE w.r.t. application no. 40167 filed for obtaining in- principle approval for 44,00,000 Equity Shares pursuant to the conversion of warrants issued on a preferential basis. (2) Return letter from NSE w.r.t. the application no. 40408 filed for draft Scheme of Amalgamation of Mangalam Saarloh Private Limited with Mangalam Worldwide Limited and their respective shareholders and creditors. Copies of the same are enclosed herewith for your reference and records. This is for your information and records. Thanking You, Yours Faithfully, Mangalam Worldwide Limited (CIN: L27100GJ1995PLC028381) Regd. Office: 102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabad-380009, Gujarat (INDIA) Tel: +91 79 61615000 (10 Lines) Email: cs@mangalamworldwide.com Website: www.mangalamworldwide.com Ref: NSE/LIST/40167 September 17, 2026 The Company Secretary, Mangalam Worldwide Limited Dear Sir/Madam, Sub.: Return letter w.r.t. the application no. 40167 filed for the In-principle approval of 4400000 equity shares pursuant to conversion of warrants at an issue price of Rs. 125.4/- each allotted on preferential basis. This is with reference to your application number 40167, for the further issue of 4400000 equity shares pursuant to conversion of warrants to be allotted pursuant to preferential issue. While processing the application it was observed that the post-issue paid-up capital was projected to exceed Rs. 25 cr., thereby triggering the requirement for migration to the main board as per Regulation 280(2) of ICDR Regulations, 2018. Accordingly, The Exchange had raised certain observations w.r.t. the application and sought clarification/additional documents vide various requirements letters and emails issued during the period February 26, 2024, to October 31, 2024, seeking clarification on the compliance of the company with the requirement of migration to the main board. However, Company has not replied satisfactorily. Through an amendment to the ICDR regulations on March 8, 2025, SEBI provided relief to SME companies. If an SME company's paid-up capital is likely to exceed 25 crores due to further issuance of capital, it may not be required to migrate to the main board. This is subject to the condition that the issuer undertakes to comply with the provisions of the SEBI (LODR) Regulation 2015, as applicable to companies listed on the main board of the stock exchange(s). Since the application in the above case was submitted prior to the effective date of the amendment (March 8, 2025) the same relief was not made retrospectively applicable, hence could not be extended to the aforesaid application. Considering the above facts, the company is required to file a fresh application in the said matter. Accordingly, the Company’s application is being returned herewith. Yours faithfully, For National Stock Exchange of India Limited Dipti Chinchkhede Senior Manager P.S. Checklist of all the further issues is available on website of the exchange at the following URL: http://www.nseindia.com/corporates/content/further_issues.htm Ref: NSE/LIST/40408 September 17, 2026 The Company Secretary, Mangalam Worldwide Limited Dear Sir/Madam, Sub.: Return letter w.r.t. the application no. 40408 filed for draft Scheme of Amalgamation of Mangalam Saarloh Private Limited with Mangalam Worldwide Limited and their respective shareholders and creditors. This is with reference to your application number 40408, for draft Scheme of Amalgamation of Mangalam Saarloh Private Limited with Mangalam Worldwide Limited and their respective shareholders and creditors. While processing the application it was observed that the post-scheme paid-up capital was projected to exceed Rs. 25 cr., thereby triggering the requirement for migration to the main board as per Regulation 280(2) of ICDR Regulations, 2018. Accordingly, the Exchange had raised certain observations w.r.t. the application and sought clarification/additional documents vide requirement letter dated April 10, 2024. However, the response provided by the Company was not satisfactory. Through an amendment to the ICDR regulations on March 8, 2025, SEBI provided relief to SME companies. If an SME company's paid-up capital is likely to exceed 25 crores due to further issuance of capital, it may not be required to migrate to the main board. This is subject to the condition that the issuer undertakes to comply with the provisions of the SEBI (LODR) Regulation 2015, as applicable to companies listed on the main board of the stock exchange(s). Since the application in the above case was submitted prior to the effective date of the amendment (March 8, 2025) the same relief was not made retrospectively applicable, hence could not be extended to the aforesaid application. Considering the above facts, the company is required to file a fresh application in the said matter. Accordingly, the Company’s present application is being returned herewith. Yours faithfully, For National Stock Exchange of India Limited Khyati Vidwans Chief Manager