Mangal Compusolution Limited declared a final dividend of ₹0.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026. The payout was approved by shareholders during the company's 16th Annual General Meeting (AGM), held virtually on September 24, 2026.

The meeting commenced at 12:30 pm and concluded at 12:45 pm via Video Conferencing and Other Audio Visual Means. Mrs. Binny Pathik Desai, Chairperson and Non-Executive Non Independent Director, chaired the proceedings, confirming that the requisite quorum was present throughout the session.

Key resolutions passed

Shareholders considered and adopted several ordinary business items as set out in the AGM notice. The key resolutions included:

• Adoption of the annual audited financial statements for FY26, along with reports from the Board of Directors and Statutory Auditors.
• Declaration of a final dividend of ₹0.50 per equity share.
• Reappointment of Mr. Mukesh Desai (DIN: 03048577) as a director, who retired by rotation and was eligible for reappointment.

Meeting proceedings and governance

Ms. Foram Shah, Company Secretary and Compliance Officer, welcomed members and provided an update on the e-voting process. The Statutory Audit Report and Secretarial Audit Report were taken as read, as neither contained any qualifications or adverse remarks.

Mr. Ankush Agal, Chief Financial Officer, briefed attendees on the company’s financial performance for FY26. The Managing Director delivered a speech providing a brief overview of operations. The Notice convening the AGM and the Annual Report for FY26 were also taken as read, having been previously circulated to members.

Voting and compliance details

The scrutinizer appointed for the meeting was M/s. Vijay S. Tiwari & Associates. Members who did not cast votes through remote e-voting were allowed to use electronic voting facilities during the meeting. The voting process concluded 15 minutes after the announcement of the meeting's conclusion.

The consolidated results of remote e-voting and e-voting conducted at the meeting will be disseminated to stock exchanges within two working days. These results will also be available on the company’s investor relations website.

The Chairperson thanked members for their participation before declaring the meeting concluded. This summary serves as a record of proceedings and does not constitute official minutes of the AGM.

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.