Mangalam Global Enterprise Incorporates New Wholly Owned Subsidiary

Mangalam Global Enterprise Limited has incorporated a new wholly owned subsidiary named Mangalam Oleo Speciality Products Private Limited. The incorporation was confirmed with the issuance of a certificate by the Registrar of Companies on November 17, 2025. This development was communicated to the stock exchanges on November 18, 2025, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The financial structure of the newly incorporated subsidiary includes an authorized capital of Rs. 100,000 and a paid-up capital of Rs. 100,000. Mangalam Global Enterprise Limited has subscribed to 10,000 equity shares, each with a face value of Rs. 10, through cash consideration. This subscription ensures 100% shareholding and control over the subsidiary, fulfilling the requirement for the minimum number of members.

The operational focus of Mangalam Oleo Speciality Products Private Limited will be on the manufacturing and trading of oleo speciality products. The subsidiary’s objectives include the processing, selling, refining, and blending of various vegetable oils, animal fats, and their derivatives. It will also engage in the manufacture and processing of oil cakes, oil meals, and other oleochemical products. The subsidiary plans to establish and maintain refineries, solvent extraction plants, and processing units to support its operations.

The incorporation of this subsidiary is part of Mangalam Global Enterprise Limited’s strategy to expand its presence in the oleochemical industry. The company aims to leverage its new subsidiary to enhance its capabilities in manufacturing and trading oleo speciality products. The subsidiary is yet to commence business operations, and no turnover has been reported for the past three years.

The incorporation of Mangalam Oleo Speciality Products Private Limited was completed on November 17, 2025. The company is based in India and will operate under the regulatory framework applicable to wholly owned subsidiaries. No additional governmental or regulatory approvals were required for this incorporation.

Mangalam Global Enterprise Limited is engaged in the business of manufacturing and trading various products, including oleochemicals. The company focuses on expanding its product portfolio and enhancing its market presence in the chemical industry. This strategic move to incorporate a new subsidiary aligns with its growth objectives in the oleochemical sector.