Mangal Electrical Industries Ltd

Mangal Electrical Industries Limited informed the BSE Limited and National Stock Exchange of India Limited that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable to the company for the quarter ended September 30, 2026, as all shares are held in demat form and no requests for rematerialisation or dematerialisation were received.

Mangal Electrical Industries Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter ending September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company’s code.

Mangal Electrical Industries Limited announced the appointment of Mr. Rohit Pokharna as Chief Financial Officer (CFO), effective September 16, 2026, at an annual remuneration of Rs 45,00,000. Mr. Pokharna succeeds Mr. Pawan Mendiratta, who stepped down as CFO on August 31, 2026, and has also been designated as an authorized person for determining materiality of events and disclosures, while the company’s board approved the Cost Audit Report for the financial year ended March 31, 2026, submitted by M/s Maharwal & Associates.

Mangal Electrical Industries Limited appointed Mr. Rohit Pokharna as Chief Financial Officer (CFO) effective September 16, 2026, at a total remuneration of Rs 45,00,000 per annum, replacing Mr. Pawan Mendiratta who stepped down from the position on August 31, 2026. Mr. Pokharna, a Chartered Accountant with over nine years of experience, previously worked at S.R. Batliboi & Associates LLP (EY) and B S R & Co. LLP (KPMG India), and has also been designated as an authorized person for determining the materiality of events and making disclosures to the stock exchanges.

Mangal Electrical Industries Ltd announced credit ratings and related notifications impacting various instruments, as detailed in filings compliant with SEBI’s Listing Obligations and Disclosure Requirements. CARE Ratings Limited has assigned ratings of CARE A-; Stable to Long Term Bank Facilities amounting to Rs 1.87 crore, and CARE A-; Stable / CARE A2+ to Long Term / Short Term Bank Facilities totaling Rs 131.25 crore, both valid for one year from September 01, 2026; additionally, CARE Ratings also reported a review with a status of "ISSUER NOT COOPERATING" for Bank Facilities, based on best available information, and noted the possibility of annual surveillance/review. The company also disclosed Term Loans from the Small Industries Development Bank of India totaling Rs 1.22 crore (EMI of Rs.3.33 lakhs, Sanction Amount: Rs.3.5 crore), Rs 0.63 crore (EMI of Rs.3.11 lakhs, Sanction Amount: Rs.3 crore), and Rs 0.02 crore (EMI of Rs.0.33 lakhs, Sanction Amount: Rs.0.91 crore), along with Fund Based / Non Fund Based Limits from HDFC Bank Ltd. amounting to Rs 122.25 crore (Bank Guarantee, Sublimit towards CC/LC) and Rs 9.00 crore (Cash credit, Sublimit towards LC/BG), while CAREEdge Ratings and an unknown agency provided no specific rating information.

MEIL has deployed only a portion of the funds raised through its initial public offering, according to a recent report. As of Q1FY27, just Rs. 97.98 crore has been used for debt repayment against a planned Rs. 101.27 crore, and only Rs. 4.76 crore has been allocated to capital expenditure out of the intended Rs. 49.93 crore. Approximately Rs. 85 crore remains in fixed deposits with HDFC Bank, earning a modest return. Delays in finalizing quotations are cited as the reason for the significant lag in capital expenditure deployment, while foreclosure charges have reportedly hindered full debt repayment. The company acknowledged in its IPO document the possibility of such variations, which may require shareholder approval.

Mangal Electrical Industries Limited reported its unaudited financial results for the quarter ended June 30, 2026, announcing revenue of Rs 125.8 crore, a 40% increase compared to Rs 89.7 crore in the same quarter of the previous year. The company's operating profit rose to Rs 11.1 crore, up 12%, while profit after tax reached Rs 7.5 crore, a 101% increase year-over-year. Additionally, Mangal Electrical Industries Limited acquired industrial land in Reengus, Rajasthan, to support future capacity expansion and noted that transformer capacity expansion is expected to be completed by the end of fiscal year 2027.

Net profit of Mangal Electrical Industries rose 101.61% to Rs 7.52 crore in the quarter ended June 2026 as against Rs 3.73 crore during the previous quarter ended June 2025. Sales rose 40.34% to Rs 125.83 crore in the quarter ended June 2026 as against Rs 89.66 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales125.8389.66 40 OPM %8.8511.12 - PBDT11.096.28 77 PBT10.105.07 99 NP7.523.73 102 Powered by Capital Market - Live

Mangal Electrical Industries Limited reported its unaudited financial results for the quarter ended June 30th, 2026, with revenue from operations reaching Rs 125.8 crore, a 40% increase compared to Rs 89.7 crore in the same quarter of the previous year, and profit after tax of Rs 7.5 crore, up 101% year-on-year. The company achieved approximately 32% volume growth in CRGO during Q1 FY27 and acquired industrial land in Reengus, Rajasthan, to support future capacity expansion, with transformer capacity expansion expected to be completed by the end of FY27.

Mangal Electrical Industries will hold a meeting of the Board of Directors of the Company on 29 July 2026.