Mangalam Worldwide Limited — Others, 24-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Mangalam Worldwide Limited has announced a board meeting to discuss the financial results for the quarter and half-year ending December 31, 2024. Key details include the issuance of 52 crore convertible warrants at an issue price of Rs. 107 per warrant, resulting in a capital raise of Rs. 13.91 crore and a future conversion into an equivalent number of equity shares at Rs. 10 each. The company's paid-up share capital has now increased to Rs. 29.69 crore following the conversion.

This update suggests a proactive strategy to bolster working capital and support operational needs, which may positively influence investor sentiment. The anticipated rise in equity may offer growth opportunities but warrants attention to potential dilution risks.