Mangal Electrical Industries Ltd (MEIL) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Mangal Electrical Industries Ltd on NSE and BSE, with an AI summary of each filing.
Statement of Deviation and variation for the quarter ended September 30, 2026
Others (Uncategorized) · 02 Nov 2026, 3:43 pm
Mangal Electrical Reports No Deviation in IPO Proceeds Utilization for Sep'26 Quarter Mangal Electrical Industries Limited reported zero deviation or variation in the utilization of funds raised via its initial public offer for the quarter ended 30th Sep'26, pursuant to SEBI Regulation 32(1). The company raised ₹40,000 lakhs through a fresh issue on 25th Aug'25 and listed on 28th Aug'25. CARE Ratings Limited serves as the monitoring agency overseeing proceeds deployment. All funds continue to be allocated strictly in alignment with the original IPO issue objects without any modifications, auditor qualifications, or adverse Audit Committee remarks.
Mangal Electrical Industries Limited has informed the Exchange regarding 'Unaudited Financial Results'.
Outcome · 31 Oct 2026, 11:16 pm
Announcement under Regulation 30 (LODR)- Press Release
Press Release · 31 Oct 2026, 11:00 pm
Mangal Electrical Reports Q2FY27 Results with CRGO Volume Surge Mangal Electrical Industries posted Q2FY27 revenue of ₹168.6 Crs, up 9.3% YoY and 34.0% QoQ, driven by ~63% YoY volume growth in its CRGO business. EBITDA fell 29.4% YoY to ₹15.4 Crs (margin at 9.2% vs 14.2% in Q2FY26), while PAT declined 17.3% YoY to ₹11.0 Crs. H1FY27 revenue stood at ₹294.4 Crs with PAT at ₹18.5 Crs. Management plans to ramp up capacity utilization to support 25-30% annual volume growth over three years and incur ~₹25 Crs capex for a radiator manufacturing facility by H1FY28.
Unaudited Financial Results Q2 2026-2027
Financial Result · 31 Oct 2026, 10:47 pm
Monitoring Agency Report for Q2 2026-27
Others (Uncategorized) · 31 Oct 2026, 10:34 pm
Mangal Electrical Industries Q2FY27 Monitoring Agency Report Details Capex Delays CARE Ratings' Monitoring Agency Report for the quarter ended 30th Sep'26 showed Mangal Electrical Industries utilized Rs.322.50 crore of its Rs.400 crore IPO proceeds, leaving Rs.77.50 crore unutilized in fixed deposits. Capex deployment faced delays, with only Rs.12.06 crore utilized out of the planned Rs.87.86 crore, attributed to pending quotation approvals. Debt repayment reached Rs.98.18 crore against a planned Rs.101.27 crore due to foreclosure charge issues. Separately, the board appointed Swathirajan Mulvadi Gomadam as COO–CRGO and Senior Management Personnel, effective 31st Oct'26.
Appointment of Chief Operating Officer-CRGO
Change in Management · 31 Oct 2026, 10:31 pm
Mangal Electrical Industries Designates Swathirajan Mulvadi Gomadam as COO-CRGO Mangal Electrical Industries has appointed Mr. Swathirajan Mulvadi Gomadam as Chief Operating Officer – CRGO and designated him as Senior Management Personnel, effective 31st Oct'26. He holds an MBA from Cranfield University, UK, and a B.Tech in Mechanical Engineering from IIT Madras, with over 25 years of experience across industrial operations, manufacturing, supply chain, and business transformation. Previously, he held leadership roles at Texmo Industries, NLMK India, ArcelorMittal S.A., Saint-Gobain, and the Aditya Birla Group.
Outcome of Board Meeting held on October 31, 2026
Outcome · 31 Oct 2026, 10:29 pm
Monitoring Agency Report for Q2 2026-27
Outcome · 31 Oct 2026, 10:18 pm
Mangal Electrical Industries Limited has informed the Exchange about change in Management
Outcome · 31 Oct 2026, 10:14 pm
Mangal Electrical Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Outcome · 31 Oct 2026, 10:13 pm
Mangal Electrical Industries Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) ■ Revenue: 16,858 (+9.2% YoY | +34.0% QoQ) ■ EBITDA: 1,543 (-29.4% YoY | +38.6% QoQ) ■ EBITDA Margin (%): 9.2 (-500 bps YoY | +31 bps QoQ) ■ PAT: 1,097 (-17.5% YoY | +45.9% QoQ) ■ EPS (INR): 3.97 (-33.4% YoY | +46.0% QoQ) Mangal Electrical Industries Ltd - Financial Result for the Quarter ended 30th Sep'26 (Standalone, INR Lakh) Segmental Performance Manufacturing & Trading of Electrical Transformers, CRGO, Electrical Accessories & Other Related Items ■ Revenue: 16,325 (+14.7% YoY | +43.2% QoQ) ■ EBITDA: 1,658 (-14.2% YoY | +61.6% QoQ) ■ EBITDA Margin (%): 10.2 (-343 bps YoY | +116 bps QoQ) EPC Contract involving Electrical Items ■ Revenue: 533 (-55.7% YoY | -54.9% QoQ) ■ EBITDA: -115 (Profit to Loss YoY | Profit to Loss QoQ) ■ EBITDA Margin (%): -21.6 (Profit to Loss YoY | Profit to Loss QoQ)
Intimation of Grant of Employee Stock Options under Mangal Electrical Industries Limited-Employee Stock Option Plan 2025("MEIL-ESOP 2025" or "the scheme")
Others (Uncategorized) · 31 Oct 2026, 8:04 pm
Mangal Electrical Industries Approves Grant of 2.0 Lakh Stock Options Mangal Electrical Industries Limited's Nomination and Remuneration Committee approved the grant of 2,00,000 employee stock options under the MEIL - ESOP 2025 scheme on 31st Oct'26. The options convert into an equivalent number of equity shares with a face value of Rs. 10 each at an exercise price of Rs. 240 per option. Vesting ranges between a minimum of one year and a maximum of seven years from the grant date, with an exercise window of three years post-vesting. Issued shares carry no lock-in restrictions.
MANGAL ELECTRICAL INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 31-Oct-2026 to consider ESOP.
Intimation · 24 Oct 2026, 5:03 pm
Prior intimation of Nomination & Remuneration Committee Meeting scheduled to be held on October 31, 2026 to consider and approve grant of options to eligible employees under ESOP 2025
Others (Uncategorized) · 24 Oct 2026, 5:02 pm
Mangal Electrical Industries to Consider ESOP Grant on 31st Oct'26 Mangal Electrical Industries Limited has scheduled a Nomination and Remuneration Committee meeting on 31st Oct'26. The committee will meet to consider and approve the grant of employee stock options to eligible employees under the company's "Employee Stock Option Plan 2025" (ESOP 2025), pursuant to Regulation 29(1)(d) of SEBI LODR Regulations.
MANGAL ELECTRICAL INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 31-Oct-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and ESOP/Other business.
Intimation · 31 Oct 2026, 5:30 am
To consider and approve the financial results for the period ended September 30, 2026
Intimation · 31 Oct 2026, 5:30 am
MANGAL ELECTRICAL INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 31-Oct-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and ESOP/Other business.
Intimation · 31 Oct 2026, 5:30 am
Mangal Electrical Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2026 ,inter alia, to consider and approve Prior intimation ....
Intimation · 31 Oct 2026, 5:30 am
Mangal Electrical Industries Schedules Board Meeting on 31st Oct'26 for Q2 Results Mangal Electrical Industries Limited has scheduled a Board of Directors meeting on 31st Oct'26 to consider, approve, and take on record the company's standalone unaudited financial results and limited review report for the quarter and half year ended 30th Sep'26. Additionally, the trading window for dealing in company securities has been closed for designated persons and their immediate relatives from 1st Oct'26 and will remain closed until 48 hours post-declaration of the financial results.
Clarification regarding increase in volume Movement
Others (Uncategorized) · 12 Oct 2026, 7:27 pm
Mangal Electrical Industries Clarifies Recent Increase in Trading Volume Mangal Electrical Industries clarified to BSE on 12th Oct'26 that the recent increase in trading volume of its securities is purely market-driven, with no company control over the movement. The company confirmed full compliance with SEBI LODR Regulation 30 disclosures and stated that no undisclosed or impending material events or announcements exist that could impact the price or volume behavior of its shares.
The Exchange has sought clarification from Mangal Electrical Industries Ltd on October 12, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.
Others (Uncategorized) · 12 Oct 2026, 7:01 pm
Resignation by Ms Tanvi Surana, Independent director w.e.f 18.09.2026
Change in Management · 19 Sept 2026, 12:19 am
Mangal Electrical Industries: Independent Director Tanvi Surana Resigns Due to Personal Reasons Mangal Electrical Industries Limited announced that Ms. Tanvi Surana (DIN: 10781723) has resigned from her position as Independent Director of the company, effective 18th Sep'26, citing personal reasons. The company confirmed that there are no other material reasons behind her resignation. Additionally, Ms. Surana holds directorships in nil other listed entities. The Board of Directors will officially take note of her resignation at its upcoming meeting.
Appointment of Chief Financial Officer w.e.f September 16, 2026- Mr. Rohit Pokharna, CFO
Change in Management · 16 Sept 2026, 11:21 pm
Mangal Electrical Industries Appoints Rohit Pokharna as Chief Financial Officer Mangal Electrical Industries has appointed Mr. Rohit Pokharna as Chief Financial Officer (CFO) and Key Managerial Personnel, effective 16th Sep'26, succeeding Mr. Pawan Mendiratta, who stepped down on 31st Aug'26. Mr. Pokharna, a Chartered Accountant with over nine years of experience across Big 4 accounting firms, will receive an annual remuneration of ₹45,00,000. Additionally, the Board approved the Cost Audit Report for FY25-26, submitted by M/s Maharwal & Associates.
Mangal Electrical Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on September 16, 2026.
Outcome · 16 Sept 2026, 11:09 pm
Mangal Electrical Appoints Rohit Pokharna as CFO and Approves Cost Audit Report Mangal Electrical Industries Limited approved the appointment of Mr. Rohit Pokharna as Chief Financial Officer and Key Managerial Personnel, effective 16th Sep'26, succeeding Mr. Pawan Mendiratta, who was relieved on 31st Aug'26. Mr. Pokharna, a Chartered Accountant with over 9 years of finance experience at Big 4 firms including EY and KPMG, joins at an annual remuneration of ₹45 lakh. Additionally, the Board approved the Cost Audit Report for FY 2025-26 submitted by M/s Maharwal & Associates.
Appointment of Mr. Rohit Pokharna as Chief Financial Officer of the company and designated as authorized person of the company under regulation 30(5) of SEBI(LODR) regulations, 2015 for ....
Others (Uncategorized) · 16 Sept 2026, 11:01 pm
Mangal Electrical Appoints Rohit Pokharna as CFO Mangal Electrical Industries Limited approved the appointment of Rohit Pokharna as Chief Financial Officer and Key Managerial Personnel, effective 16th Sep'26, succeeding Pawan Mendiratta who stepped down on 31st Aug'26. Pokharna, a Chartered Accountant with over nine years of experience across Big 4 firms including EY and KPMG, will receive an annual remuneration of ₹45 lakh. Additionally, he has been authorized to determine event materiality and manage stock exchange disclosures under SEBI LODR regulations. The Board also approved the cost audit report for FY26.
Intimation regarding credit rating assigned
Others (Uncategorized) · 02 Sept 2026, 3:25 pm
Voting Results of 18th AGM of the Company
Annual General Meeting · 27 Aug 2026, 11:21 pm