Mangal Electrical Industries appointed Rohit Pokharna as Chief Financial Officer effective September 16, 2026. The Board of Directors approved the appointment during a meeting held on the same date.

The company also approved the Cost Audit Report for FY26, submitted by M/s Maharwal & Associates.

Appointment Details

Mr. Pokharna succeeds Mr. Pawan Mendiratta, who was relieved from the position effective August 31, 2026. The Board approved the appointment based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.

Role and Responsibilities

Mr. Pokharna has been designated as an authorised person under Regulation 30(5) of the SEBI LODR Regulations, 2015. He will determine the materiality of events and make disclosures to stock exchanges in accordance with the company’s policy and applicable regulations.

Professional Background

Mr. Pokharna is a Chartered Accountant qualified from the Institute of Chartered Accountants of India in 2016. He holds a Bachelor of Commerce degree from the University of Rajasthan, Jaipur.

He brings over nine years of experience in finance, assurance, financial reporting, and advisory. His prior roles include Senior Manager at S.R. Batliboi & Associates LLP (EY) and association with B S R & Co. LLP (KPMG India). His expertise covers financial reporting, statutory audits, group reporting, IPO assignments, Ind AS/IFRS/US GAAP, internal controls, consolidation, business combinations, and technical accounting.

Mangal Electrical Industries Limited concluded its 18th Annual General Meeting on August 26, 2026. Shareholders approved all eight resolutions with overwhelming support, including the adoption of FY26 financials and a new Employee Stock Option Plan.

The meeting was held via Video Conferencing or Other Audio Visual Means from 2:00 pm to 2:55 pm. Chairman & Managing Director Rahul Mangal presided over the proceedings, highlighting FY26 as the company’s first full fiscal year following its listing. Requisite quorum under Section 103 of the Companies Act, 2013 was present throughout. A total of 54,017 shareholders were on record as of August 17, 2026.

Voting Results

The Scrutinizer’s Report, issued by Neha Mathur & Associates on August 27, 2026, confirmed that remote e-voting accounted for all valid votes cast. The e-voting period ran from August 22 to August 25, 2026. No votes were cast during the AGM session itself via poll or postal ballot.

Shareholder Participation Breakdown

Detailed voting data reveals distinct participation patterns across shareholder categories. The promoter and promoter group held 20,664,685 shares and voted 100% in favor on all resolutions. Public institutions held 1,416,714 shares and also voted unanimously in favor.

Public non-institutional shareholders held 5,548,725 shares but showed significantly lower participation rates, polling only 0.23% of their outstanding shares. Within this category, votes against ranged between 35.89% and 40.81%, reflecting dissent among the small subset of retail investors who participated in e-voting.

Key Resolutions Approved

Shareholders voted on several ordinary and special resolutions. The board proposed the re-appointment of directors retiring by rotation and the ratification of auditor remuneration. A significant special resolution involved the approval of the Mangal Electrical Industries Limited – Employee Stock Option Plan 2025.

The ESOP 2025 allows for options convertible into up to 15,00,000 equity shares. Shareholders also approved extending these benefits to eligible employees and directors of holding, subsidiary, associate, and group companies. Additionally, Ms. Neha Rathi was appointed as an independent director for a five-year term commencing July 29, 2026.

Governance and Compliance

Ms. Neha Mathur served as the Scrutinizer for the e-voting process. The company confirmed that results would be submitted to stock exchanges in compliance with Regulation 44 of the SEBI Listing Regulations. No qualifications or adverse remarks were noted in the auditors’ reports presented during the meeting.

Key managerial personnel, including CFO Pawan Mendiratta and Company Secretary Naresh Kumar Sharma, were present alongside statutory auditors Bafna & Co. and secretarial auditors SKMG & Co., who were appointed for a five-year term commencing FY27.