Mangal Electrical Industries Board Approves FY26 Results, ESOP Plan, and Director Reappointments
Mangal Electrical Industries Limited announced that its Board of Directors, in a meeting held on May 13, 2026, approved the audited financial results for the quarter and full financial year ended March 31, 2026. The board also sanctioned the Employee Stock Options Plan (ESOP) and approved the re-appointment of key directors and auditors.The Board approved the audited financial results for the quarter and the financial year ended March 31, 2026, alongside the Statement of Assets and Liabilities as of that date and the Cash Flow Statement for the same period.
Governance and Compensation Updates
In line with recommendations from the Nomination & Remuneration Committee, the Board formally approved the Mangal Electrical Industries Limited - Employee Stock Options Plan 2025 (MEIL - ESOP 2025). This plan is designed for eligible employees of the Company and its subsidiary/associate/group/holding companies (present and future). The plan is subject to subsequent approval from the Shareholders.The committee recommended the approval of options equal to or exceeding one per cent (1%) but not exceeding three per cent (3%) of the Company's issued Capital during any one year under the MEIL - ESOP 2025.
In addition to the ESOP, the board recommended the re-appointment of Mr. Ashish Mangal and Mr. Sumer Singh Punia, who are directors liable to retire by rotation, subject to shareholder approval at the ensuing Annual General Meeting.
The Board also recommended the re-appointment of M/s Maharwal & Associates, Cost Accountants, as the Cost Auditors for the Company for the Financial Year 2026-27.
Financial Overview (March 31, 2026)
The company released key financial positions detailing its assets and liabilities for the financial year ended March 31, 2026.The total assets stood at Rs 6,696.51 million, with the Current Assets component totaling Rs 56,078.97 million.
Key components of the Balance Sheet are presented below:
| Assets Section | Particulars | Amount (Rs Million) |
|---|---|---|
| Total Non-Current Assets | 11,620.51 | |
| Property, Plant and Equipment | 6,941.41 | |
| Intangible Assets | 18.61 | |
| Intangible Assets Developed | 46.80 | |
| Capital Work in Progress | 912.52 | |
| Total Current Assets | 56,078.97 | |
| Inventory | 19,204.74 | |
| Trade Receivables | 20,440.12 | |
| Cash and Cash Equivalents | 579.40 | |
| Bank Balance other than Cash and Cash Equivalents | 8,512.56 | |
| Other Current Assets | 6,912.90 | |
| Total Assets | 6,696.51 |
The company reported total liabilities and equity of Rs 2,763.01 million.
| Liabilities & Equity Section | Particulars | Amount (Rs Million) |
|---|---|---|
| Equity Capital | 56,273.64 | |
| Other Equity/Treasury Equity | 1,621.63 | |
| Financial Liabilities | 201.28 | |
| Borrowings | 2,19.28 | |
| Trade Payables | 2,17.30 | |
| Due to Govt. Enterprises and Small Enterprises | 4,064.78 | |
| Current Tax Liabilities | 11,248.11 |
Cash Flow Highlights
The Cash Flow Statement showed the company generated Rs 1,059.07 billion in Profit Before Working Capital Changes. Operating activities generated a cash flow of Rs 15,820.28 million. The total increase in cash and cash equivalents for the year was Rs 535.43 million, resulting in an ending cash balance of Rs 579.40 million.Monitoring Agency Report
The Monitoring Agency Report for the quarter ended March 31, 2026, indicated that there was no deviation from the objects related to the Initial Public Offer (IPO). The report noted that while the prospectus required Rs 749.93 crore for capex and Rs 7101.27 crore for loan repayment by FY26, the company had deployed Rs 0.54 crore towards capex and Rs 797.20 crore towards loan repayment, indicating a delay in deployment for both categories.MEIL Stock Price Movement
Shares of Mangal Electrical Industries Limited today slipped by 1.32% to settle at ₹307.5. The stock recorded a total volume of 31,952 shares traded 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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