Mangalam Global Enterprise Limited has informed the Exchange regarding Grant of 9,00,000 (Nine Lakhs) Employee Stock Options under Mangalam Global Enterprise Limited Employee Stock Option Scheme 2026.

REF: MGEL/CS/SE/2026-27/47 Date: September 29, 2026 To, To, Listing Compliance Department, Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra, Dalal Street, Mumbai-400 051. Mumbai- 400001 NSE Symbol: MGEL (EQ) BSE Scrip Code: 544273 ISIN: INE0APB01032 Sub.: Vesting / grant of Options under Mangalam Global Enterprise Limited ESOP Scheme 2026 (“ESOP Scheme” or “Scheme”) Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“Listing Regulations”), read with the applicable circulars and notifications issued thereunder, we hereby inform that the Nomination and Remuneration Committee (“Committee”) of the Company has approved the grant of 9,00,000 (Nine Lakh) Stock Options to the eligible employees of the Company under the “Mangalam Global Enterprise Limited ESOP Scheme 2026” (“ESOP Scheme”) by way of a Circular Resolution passed on September 29, 2026. The details as required pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure-A. You are requested to take the same on record. Yours Faithfully, For, Mangalam Global Enterprise Limited Karansingh I. Karki Company Secretary & Compliance Officer Mem. No. A30021 Mangalam Global Enterprise Limited CIN: L24224GJ2010PLC062434 Regd. Office: 101, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabd-380009, Gujarat (INDIA) Tel: +91 79 61615000 (10 Lines) E mail: cs@groupmangalam.com; Website: www.groupmangalam.com; Annexure-A BRIEF DETAILS ON THE GRANT OF STOCK OPTIONS (Pursuant to SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026) S. No. Particulars Disclosure 1 Brief details of options granted 9,00,000 stock options have been granted to eligible employees by NRC under the existing Employee Stock Option Plan-2026 (“ESOP 2026”), within Shareholders approved limit of 33,00,000 (Thirty-Three Lakhs). Effective date of Grant: September 29, 2026. 2 Whether the scheme is in terms of Yes, Employee Stock Option Plan-2026 SEBI (SBEB) Regulations, 2021 (“ESOP 2026”) is in compliance with the SEBI (if applicable) (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. 3 Total number of shares covered 9,00,000 (Nine Lakhs) equity shares of the by these options Company having a face value of Rs. 1/- each (Rupees One each). 4 Pricing formula The options were granted at an Exercise Price that shall be determined by the Nomination & Remuneration Committee for each grant at a discount not exceeding 50% of the Average Market Price (closing price on the Stock Exchange having the highest trading volume, where the equity shares of the Company are listed) of the equity shares of the Company for one year (trading day shall be considered), one day prior to the date of Grant and on such other terms and conditions as the Nomination & Remuneration Committee, as the case maybe, may determine from time to time which the grant of options was approved by the NRC. 5 Options vested Not Applicable 6 Time within which option may be All Options upon vesting shall be exercisable exercised as per the ESOP Scheme. 7 Options exercised Not Applicable 8 Money realized by exercise of Not Applicable options 9 The total number of shares arising Not Applicable as a result of exercise of option 10 Options lapsed Not Applicable Mangalam Global Enterprise Limited CIN: L24224GJ2010PLC062434 Regd. Office: 101, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabd-380009, Gujarat (INDIA) Tel: +91 79 61615000 (10 Lines) E mail: cs@groupmangalam.com; Website: www.groupmangalam.com; 11 Variation of terms of options Not Applicable 12 Brief details of significant terms The Scheme is determined by the NRC of the Board of Directors of the Company. The grant of Options is based upon the eligibility criteria as mentioned in ESOP 2026. The granted Options once vested shall entitle the Option holder to acquire equal number of Equity Shares, upon payment of exercise price and applicable taxes in accordance with terms and conditions of the ESOP 2026. The granted Options shall vest as per the vesting schedule and vesting conditions, as determined by the NRC at the time of grant. Shares shall be in Locked-in for a period of one (1) year commencing from the date of allotment or credit of the Equity Shares to the demat account of the Grantee, during which the Grantee shall not sell, transfer, encumber or otherwise dispose of such Equity Shares 13 Subsequent changes or Not Applicable cancellation or exercise of such options 14 Diluted earnings per share Not Applicable, as this outcome is pertaining to pursuant to issue of equity shares grant of Options under the Scheme. on exercise of options Mangalam Global Enterprise Limited CIN: L24224GJ2010PLC062434 Regd. Office: 101, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabd-380009, Gujarat (INDIA) Tel: +91 79 61615000 (10 Lines) E mail: cs@groupmangalam.com; Website: www.groupmangalam.com;