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

Mangalam Industrial Finance Limited's promoter group entity, Wardwizard Solutions India Private Limited, has created a pledge of 1.50 Crore equity shares. These shares, valued at Re. 1 each and representing 1.05% of the company's total share capital, are pledged in favor of Blacksoil Capital Private Limited. This transaction reflects a financing arrangement undertaken by the promoter, resulting in a portion of their holdings becoming encumbered. This update is important for shareholders as it reflects a change in the promoter's unencumbered stake in the company.