Mangal Compusolution has scheduled its 16th annual general meeting (AGM) for September 24, 2026, to approve a final dividend of ₹0.50 per equity share for FY26. The company also confirmed the re-appointment of Executive Director Mukesh Desai.

Chief Financial Officer Ankush Agal resigned effective September 24, 2026, citing personal reasons. His last working day coincides with the AGM date. The board approved his departure on August 25, 2026, after he submitted a resignation letter dated August 24, 2026. Agal will serve a one-month notice period to ensure a smooth handover of finance responsibilities.

Corporate Actions and Dividend Details

The board approved the annual report for FY26, including the management discussion and analysis. Shareholders on record as of September 16, 2026, are eligible to receive the proposed dividend, subject to shareholder approval at the AGM. If approved, the dividend will be paid on or before October 23, 2026.

The register of members and share transfer book will remain closed from September 17, 2026, to September 24, 2026, inclusive. This closure facilitates both the dividend payment and the AGM proceedings.

Tax Deduction at Source (TDS) Provisions

In compliance with the Income-tax Act, 1961, as amended by the Finance Act, 2020, the company will deduct tax at source (TDS) on the dividend payment. Shareholders must submit required documents by September 16, 2026, to claim applicable exemptions or lower rates.

For resident individuals, TDS is deducted at 10% if a valid PAN is registered. If PAN is missing, invalid, or not linked with Aadhaar, TDS is levied at 20%. No tax is deducted if the total dividend received during Tax Year 2026-27 does not exceed ₹10,000, or if Form 121 is submitted meeting all eligibility conditions.

Non-resident shareholders face a withholding tax rate of 20% (plus applicable surcharge and cess) under domestic law. However, they may avail benefits under Double Tax Avoidance Agreements (DTAA) by submitting a Tax Residency Certificate (TRC), Form 41, and other required declarations. The company notes that it is not obligated to apply beneficial treaty rates without satisfactory review of submitted documents.

All dividends must be paid electronically. Shareholders are urged to update bank account details with their depositories or the Registrar and Transfer Agent, KFin Technologies Limited.

AGM Schedule and Voting

The 16th AGM will be held via video conferencing or other audio-visual means at 12:30 pm on September 24, 2026. Remote e-voting opens on September 21, 2026, at 9:00 am and closes on September 23, 2026, at 5:00 pm. Members holding shares as of the record date may cast their votes electronically through National Securities Depository Limited (NSDL).

The agenda includes adopting the audited financial statements for the year ended March 31, 2026, declaring the final dividend, and re-appointing Mr. Mukesh Desai, who retires by rotation. Physical attendance is dispensed with in compliance with Ministry of Corporate Affairs circulars, meaning proxy appointments are not available for this meeting.

Leadership Changes

Ankush Agal’s resignation was accepted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published newspaper advertisements in News Hub and Pratahkal on August 31, 2026, to intimate stakeholders of the AGM details.

Mr. Mukesh Desai, Executive Director, offers himself for re-appointment. He has over three decades of industry experience and was appointed to the board in January 2024. His last drawn remuneration was ₹36.19 lakh per annum, with a proposed limit of ₹50.00 lakh per annum. He attended all four board meetings held during FY25-26.

Regulatory Compliance

The company adhered to General Circular No. 03/2025 issued by the Ministry of Corporate Affairs and SEBI Circular No. SEBI/HO/CFD/PoD-2/P/CIR/2023/4. The AGM notice and annual report are available electronically on the company’s website and NSDL’s e-voting portal. Physical copies are available upon request.

Mangal Compusolution Limited has scheduled a board meeting for Friday, May 29, 2026. The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary agenda for the board meeting includes the consideration and approval of the audited financial results for the half-year and financial year ended March 31, 2026. The board will also take on record the Auditor’s Report accompanying these financial statements.

Furthermore, the directors will discuss and consider a dividend proposal for Financial Year 2025-26. The board may also take up any other business that may be considered necessary during the proceedings.

Trading Window Closure

In accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company’s equity shares by designated persons and their immediate relatives has been closed since April 1, 2026. This restriction will continue to remain in effect until 48 hours after the declaration of the audited financial results for the half-year and financial year ended March 31, 2026.