Mangalya Soft-Tech Ltd Management Discussions

?€? Post-Merger Integration, Regulatory Progress, and Strategic Outlook:

Subsequent to the financial year-end, the Company has undertaken significant steps to operationalise the merger of Ratnakar Securities Private Limited with Ratnakar Securities Limited (formerly known as Mangalya Soft-tech Limited). Pursuant to the approval of the Honble National Company Law Tribunal dated 26/06/2025, the Company thereafter completed all actions required for giving effect to the amalgamation. In this regard, the Company has carried out the necessary compliances under the Companies Act, 2013 and applicable stock exchange regulations, including issuance and allotment of shares, effecting the change of name, undertaking the required corporate actions, and updating statutory and regulatory records to reflect the post-merger structure.

?€? Operationalisation of Merger, Regulatory approvals and Future Growth Strategy:

Following the effectiveness of the scheme, the Company has initiated the process of obtaining fresh registration from the Securities and Exchange Board of India (SEBI) as a Stock Broker under the SEBI (Stock Brokers) Regulations, 1992 read with relevant regulations. This registration is critical for transferring and commencing the broking operations of Ratnakar Securities Private Limited within the merged entity. The applications for registration and membership with other market infrastructure institutions, including the National Stock Exchange of India Limited (NSE), National Securities Depository Limited (NSDL), NSE Clearing Limited, Indian Clearing Corporation Limited (ICCL), and the Association of Mutual Funds in India (AMFI), have already been prepared and kept ready for submission. These applications will be formally filed immediately upon receipt of the fresh SEBI Stock Broker Registration, ensuring a seamless transition of business activities into the Company.

?€? Merger Implementation.Regulatory transition, Relisting Efforts, and Strategic Business Expansion:

In parallel, the Company is progressing with the procedural requirements for revocation of suspension of trading of its equity shares on BSE Limited. Completion of this process is expected to pave the way for re-listing of the Companys equity shares, thereby enhancing transparency and enabling wider participation by investors in the Companys future growth.

?€? Post-Merger Developments and roadmap for Broking and Financial Services Business Expansion:

Looking ahead, the financial year marks the beginning of a renewed and strategic growth journey for Ratnakar Securities Limited. The Company intends to strengthen and scale up its equity broking business by offering both online and offline trading facilities, supported by advanced technological platforms to enhance client experience and operational efficiency. In addition, the Company plans to accelerate the expansion of its financial product distribution vertical by deploying additional resources for the distribution of mutual funds, fixed deposits, bonds, and other investment products, leveraging digital tools for wider reach and sharper analytics. Management remains committed to executing a robust growth strategy in line with the IBC Resolution Plan, with an overarching objective of creating long-term value for all stakeholders.