Mangalam Industrial Finance Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

A promoter group entity of Mangalam Industrial Finance Limited, consisting of Garuda Mart India Private Limited and Venkata Ramana Revuru, reported a decrease in their combined equity shareholding from 18.91% to 12.76%. This shift reflects a dilution of their stake, as the company's total equity share capital expanded significantly from approximately Rs. 96.16 Cr to Rs. 142.51 Cr. This expansion resulted from a recent Rights Issue where new shares were allotted to other promoters and public shareholders, proportionally reducing the promoter group's ownership without altering their absolute number of shares.