Mangal Electrical Industries Approves Quarterly Results, Appoints New Director
The Board of Directors of Mangal Electrical Industries Limited (formerly known as Mangal Electrical Industries Private Limited) approved the Unaudited Financial Results for the quarter ending June 30, 2026. The company also finalized several governance appointments and scheduled its upcoming Annual General Meeting (AGM).During the board meeting held on July 29, 2026, the directors considered and approved the unaudited financial results for the quarter ended June 30, 2026. Concurrently, the company ratified the re-appointment of M/s SCLJ & Associates, Chartered Accountants (Firm Registration No. 036048C), as Internal Auditors for the Financial Year 2026-27. The board also approved the appointment of M/s SKMG & Co., Practicing Company Secretaries, as Secretarial Auditors for the Financial Year 2026-27, subject to shareholder approval at the Annual General Meeting.
The directors considered and approved the Board's Report for the financial year ended on March 31, 2026, and the matters pertaining to the Notice of the 18th Annual General Meeting (AGM). Furthermore, the company approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and the Stakeholders Relationship Committee.
Key Appointments and Governance Updates
The Board approved the appointment of Ms. Neha Rathi as an Additional Director (Independent Category) with effect from July 29, 2026, subject to approval by shareholders at the ensuing Annual General Meeting. Ms. Rathi is reported to be an Associate Company Secretary (ACS), a Law Graduate (LL.B.), and a Commerce Graduate (B.Com.) with over 10 years of experience in corporate governance, Board advisory, secretarial compliances, SEBI regulations, the Companies Act, investor relations, and regulatory affairs.AGM Schedule and Financial Performance
The 18th Annual General Meeting is scheduled to be held via Video Conferencing (VC) or other audio visual means (OAVM) on Wednesday, August 26, 2026, at 2:00 P.M. (IST). Monday, August 17, 2026 has been fixed as the Record Date for the forthcoming AGM.The company also released its Unaudited Standalone Financial Results for the quarter ended June 30, 2026. Key financial highlights from the results include:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 12,582.73 M | 17,941.64 M | 8,966.00 M | 57,967.86 M |
| Other income | 181.10 M | 300.77 M | 25.07 M | 731.05 M |
| Expenses | ||||
| Cost of materials consumed | 9,460.84 M | 13,939.79 M | 8,448.4 M | 41,142.61 M |
| Employee benefit expense | 755.94 M | 772.03 M | 699.45 M | 2,848.40 M |
| Finance costs | 185.60 M | 181.71 M | 393.90 M | 1,162.44 M |
| Depreciation expense | 98.73 M | 163.54 M | 120.74 M | 592.04 M |
| Other expenses | 627.66 M | 537.79 M | 612.16 M | 2,496.01 M |
| Profit Before Tax | 1,009.79 M | 1,721.03 M | 507.22 M | 5,811.51 M |
| Total comprehensive income for the period | 752.22 M | 248.88 M | 372.13 M | 126.69 M |
| Earnings per Equity Share (Basic) | 2.72 Rs. | 4.68 Rs. | 1.82 Rs. | 17.46 Rs. |
Segment Information for Q ended June 30, 2026
The company reported segment results based on two reportable segments: Manufacturing and Trading of Electrical Transformers, CRMO, and electrical accessories; and Engineering, Procurement and Construction (EPC) business.| Particulars | Q Ended June 30, 2026 (Unaudited) | Q Ended March 31, 2026 (Audited) | Q Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Manufacturing & Trading of Electrical Transformers | ||||
| Revenue from operations | 11,400.74 M | 15,158.36 M | 8,650.22 M | 51,183.92 M |
| EPC Contracts | 1,181.99 M | 2,783.28 M | 315.77 M | 6,783.94 M |
| Manufacturing & Trading of Electrical Transformers, CR(K) | ||||
| Revenue from operations | 1,025.66 M | 1,107.88 M | 989.30 M | 5,258.91 M |
| Total Segment Results | 1,113.02 M | 1,765.54 M | 996.79 M | 6,81.94 M |
MEIL Stock Price Movement
Mangal Electrical Industries Limited shares slipped today after shedding 1.17% in the closed market, settling at ₹295.1. The stock saw a trade volume of 42,014 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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