Mangalam Worldwide Limited Shifts Managing Director to Non‑Executive
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Mangalam Worldwide Limited restructured its board on 29 Apr 2026, adding new auditors and shifting its Managing Director to a non‑executive role, with no immediate impact on financial performance.
- Sunny Rawat, a Chartered Accountant, appointed Internal Auditor for a 12‑month term starting 29 Apr 2026.
- Vipin M. Patel, Fellow of the Institute of Cost Accountants of India, appointed Cost Auditor.
- Chanakya Prakash Mangal (DIN: 06714256) moved from Managing Director (01 Mar 2025‑01 Mar 2028) to Non‑Executive, Non‑Independent Director for a 60‑month term effective 29 Apr 2026.
- Board meeting held 29 Apr 2026, 15:30‑20:30 hrs; resolutions passed unanimously; SEBI disclosures filed with no disqualifications.
- Strengthened governance is expected to boost audit quality and investor confidence, but it will not affect revenue, margins, or cash flow in the short term.
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