MGEL: Radhika Bansal Requests Reclassification from Promoter Group to Public Shareholder
Mangalam Global Enterprise Limited (MGEL) has received a request from Radhika Bansal to be reclassified from the "Promoter Group" to the "Public" category. Radhika Bansal holds 10,00,000 equity shares...
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Why is Mangalam Global Enterprise Limited in the news today?
Mangalam Global Enterprise Limited (MGEL) is in the news due to the announcement is a routine regulatory filing regarding a reclassification request from a promoter group member to a public shareholder, which does not inherently indicate a positive or negative change in the company's business or financial performance.
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MGEL: Radhika Bansal Requests Reclassification from Promoter Group to Public Shareholder
December 25, 2025, 09:30 AM
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Mangalam Global Enterprise Limited (MGEL) has received a request from Radhika Bansal to be reclassified from the "Promoter Group" to the "Public" category. Radhika Bansal holds 10,00,000 equity shares, representing 0.30% of the company's paid-up equity share capital.
The request, dated December 25, 2025, is made in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Radhika Bansal stated that she received the shares as a gift from Mr. Vipin Prakash Mangal, a promoter of the company, on the occasion of her marriage. Her name has also changed from Radhika Sanjayprakash Mangal to Radhika Bansal.
She confirmed that she is not part of the Board of Directors, does not hold any Key Managerial Position, does not participate in the management of the company, and does not have any special rights through formal or informal arrangements. Furthermore, she and any related persons seeking reclassification will not collectively hold more than ten percent of the total voting rights, exercise control over the company's affairs, have special rights, be represented on the board, act as a key managerial person, be a 'wilful defaulter', or be a fugitive economic offender. The company will undertake the necessary steps in compliance with SEBI (LODR) Regulations, 2015.
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