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Mangalam Global Seeks Stock Exchange No-Objection Under SEBI Regulation 31A

Story Highlights
  • Mangalam Global has applied to stock exchanges for a no-objection certificate under SEBI Regulation 31A(8)(c).
  • The move signals a planned change in shareholder structure or classification, with potential impact on governance and stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mangalam Global Seeks Stock Exchange No-Objection Under SEBI Regulation 31A

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Mangalam Global Enterprise Ltd. ( (IN:MGEL) ) just unveiled an announcement.

Mangalam Global Enterprise Limited has notified the stock exchange that it has submitted an application to recognized stock exchanges seeking a no-objection certificate under Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This step indicates the company is pursuing a change related to its shareholding or classification of shareholders in compliance with SEBI’s regulatory framework, a move that could affect its governance structure and stakeholder composition once approved.

More about Mangalam Global Enterprise Ltd.

Average Trading Volume: 39,353

Technical Sentiment Signal: Strong Sell

Current Market Cap: 4.05B INR

For a thorough assessment of MGEL stock, go to TipRanks’ Stock Analysis page.

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