Mangalam Worldwide Secures NSE Approval to Migrate to the Main Boar

Mangalam Worldwide Ltd (MWL) has received approval from the National Stock Exchange of India (NSE) to shift its equity shares from the SME platform, NSE Emerge, to the main board. As per the exchange filings, the migration will be effective from September 18, 2025.

According to the company’s filing, the migration includes 29,700,674 equity shares with a face value of ₹10 each, fully paid-up. The transition has been completed in line with NSE regulations.

Mangalam Worldwide Q1 FY26 Earnings Results

In the first quarter of FY26, MWL recorded a 68% rise in profit after tax (PAT) at ₹10.13 crore, compared to the same period last year. Revenue grew by 21%, reaching ₹279.41 crore, against ₹230.21 crore in Q1 FY25. Adjusted EBITDA was reported at ₹19.72 crore, showing a 53.04% increase from ₹12.88 crore in the year-ago quarter.

Company Profile

Mangalam Worldwide, based in Gujarat, operates as an integrated stainless-steel manufacturer. Its activities range from scrap melting to the production of seamless pipes and tubes. The company entered the public markets in July 2022, raising ₹65.58 crore through an IPO of 6.5 million fresh equity shares. These were initially listed on NSE Emerge.

Read more: RBI Announces Early Redemption Price for Sovereign Gold Bond 2019-20 Series IV!

Mangalam Worldwide Share Price Performance 

As of September 18, 2025, 10:46 AM, Mangalam Worldwide share price was ₹248.90, a 6.07% decrease from the previous closing price.

Conclusion

With this transition to the NSE main board, Mangalam Worldwide will now be traded alongside larger listed entities. The move comes after consistent growth in revenue, profit, and share value since its IPO.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.