Mangal compusolution Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 3, 2026, pertains to the quarter ended March 31, 2026, and demonstrates the company's adherence to mandatory regulatory compliance procedures.

Regulatory Compliance Submission

The company submitted the required certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This quarterly compliance requirement ensures transparency in securities transactions and maintains investor confidence in the market infrastructure.

Certificate Details and Verification

KFin Technologies Limited, serving as the Registrar and Share Transfer Agent for Mangal Compusolution Limited, issued the compliance certificate on April 1, 2026. The certificate confirms that all details of securities dematerialized and rematerialized during the specified quarter have been properly furnished to stock exchanges where the company's shares are listed.

The certification process involved submissions to both major depositories:

• NSDL (National Securities Depository Limited): Certificate reference KFIN/MGCS/NSDL/74(5)E/1
• CDSL (Central Depository Services India Limited): Certificate reference KFIN/MGCS/CDSL/74(5)E/1

Executive Authorization

The submission was authorized by Mukesh Desai, Executive Director of Mangal Compusolution Limited, bearing DIN 03048577. The document was digitally signed on April 3, 2026, ensuring authenticity and legal compliance of the regulatory submission.

Company Information

Mangal Compusolution Limited operates as a specialist in computer rentals, with its registered office located in Goregaon East, Mumbai. The company maintains its listing on BSE with scrip code 544287 under the symbol MANGALCOMP, ensuring continued market presence and regulatory compliance.

This quarterly submission represents the company's ongoing commitment to maintaining transparency and adhering to SEBI regulations governing depositories and market participants.

Mangal Compusolution Limited announced on August 8, 2025, that its statutory auditors, MGB & CO LLP, Chartered Accountants, have resigned with immediate effect. The resignation comes less than two years into their five-year term, which was set to expire in March 2028.

Reasons for Resignation

The primary reason cited for the auditors' resignation is a disagreement over audit fees. Following Mangal Compusolution's listing on the BSE SME Exchange, the company faced:

• Enhanced regulatory requirements
• Increased audit scope
• Elevated stakeholder expectations

These changes necessitated significantly greater audit involvement and compliance obligations.

MGB & CO LLP proposed a revision in their audit fees to reflect the expanded scope, which included half-yearly reviews. However, Mangal Compusolution did not accept this proposal, leading to the auditors' decision to step down.

Audit Status and Transition

The resigning auditors confirmed that they had completed the statutory audit for the financial year ended March 31, 2025. However, they had not commenced work on the audit for the 2025-2026 financial year.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Mangal Compusolution has formally notified the BSE Limited about this change in auditors. The company provided details of the resignation as required by SEBI regulations and circulars.

Company Response

Mangal Compusolution's Executive Director, Mukesh Desai, signed the regulatory filing acknowledging the auditor's resignation. The company will now need to appoint new statutory auditors to ensure continuity in its financial reporting and compliance with regulatory requirements.

Impact on Stakeholders

This sudden change in auditors may raise concerns among stakeholders about the company's financial oversight and corporate governance practices. It also highlights the increasing costs and complexities that companies face when transitioning to listed status, particularly in the SME segment.

The resignation of MGB & CO LLP underscores the importance of aligning expectations between companies and their auditors, especially in light of evolving regulatory landscapes and market expectations for listed entities.