Mangalam Worldwide Limited — Board Meeting, 16-12-2024: Outcome of Board Meeting

The Board of Directors of Mangalam Worldwide Limited has approved the incorporation of a wholly-owned subsidiary. This subsidiary will focus on manufacturing or trading in steel and other metals, agri-products, textiles, dyes, and chemicals. The company plans to subscribe to 10,000 equity shares at a face value of ₹10 each, totaling ₹1 lakh. This strategic move indicates the company's intent to expand its operational capabilities within these sectors, enhancing its future business prospects.