Mangalam Worldwide Limited — Others, 01-07-2025: Action(s) taken or orders passed

Mangalam Worldwide Limited has been fined Rs. 1.3 lakh plus GST by NSE for a 26-day delay in submitting the half-yearly financial results for the period ended March 31, 2025. The company, listed on NSE Emerge since July 2022, voluntarily complies with Main Board listing norms after its paid-up capital crossed Rs. 25 Cr in March 2024 due to convertible warrants conversion. It has adopted Indian Accounting Standards (Ind AS) since FY 2023-24 and regularly files quarterly results. Mangalam clarified that reconciliation statements between Ind AS and previous GAAP were not required for FY 2024-25. Utilization of IPO and preferential issue proceeds was as per disclosed objectives, with no deviations reported. The company is awaiting NSE approval for migration from NSE Emerge to Main Board but continues to comply with Main Board regulations voluntarily.