Mangal Electrical Industries Limited announced its audited standalone financial results for the quarter and full year ended March 31, 2026, following a board meeting held on May 13, 2026. The company reported a net profit of ₹4,317.10 lakh for the full year, compared to ₹4,730.70 lakh in the previous year. Revenue from operations for the year stood at ₹57,967.86 lakh, up from ₹54,942.14 lakh in the prior year. For the quarter ended March 31, 2026, net profit came in at ₹1,275.05 lakh, compared to ₹1,393.05 lakh in the same quarter of the previous year, while revenue from operations rose to ₹17,941.64 lakh from ₹15,303.23 lakh year-on-year. The statutory auditors, M/s A Bafna & Co, provided an unmodified opinion on the audited financial results.

Financial Performance

The following tables summarise the company's key financial metrics for the full year and the latest quarter:

The company's total assets as of March 31, 2026, stood at ₹85,331.67 lakh, a significant increase from ₹43,342.87 lakh in the previous year. Total equity rose to ₹59,036.65 lakh in other equity alongside paid-up share capital of ₹2,763.01 lakh. Cash and cash equivalents at the close of the period were ₹579.40 lakh, compared to ₹43.96 lakh at the start of the year. Net cash generated from financing activities was ₹26,441.28 lakh, primarily driven by IPO proceeds of ₹37,972.24 lakh (net).

Segment Performance

During the year, the company identified two reportable segments under Ind AS 108: Manufacturing & Trading of Electrical Transformers, CRGO, Electrical Accessories & Other Related Items; and Engineering, Procurement and Construction (EPC) business. The segment-wise revenue and results for the latest quarter and the prior year are presented below:

Corporate Governance Decisions

The board approved the MANGAL ELECTRICAL INDUSTRIES LIMITED-EMPLOYEE STOCK OPTIONS PLAN 2025 (MEIL - ESOP 2025), to be administered by the Nomination and Remuneration Committee. The total number of options to be granted shall not exceed 15,00,000 (Fifteen Lakhs), exercisable into one equity share of face value ₹10 each per option, subject to shareholder approval. Options shall vest not earlier than a minimum period of one year and not later than a maximum period of seven years from the date of grant, with an exercise period expiring on completion of seven years from the date of respective vesting. The board also approved the grant of options equal to or exceeding 1% but not exceeding 3% of the issued capital during any one year to identified employees under the plan.

The board recommended the re-appointment of Mr. Ashish Mangal (DIN: 00432213) and Mr. Sumer Singh Punia (DIN: 08393562), Directors liable to retire by rotation, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, M/s Maharwal & Associates, Cost Accountants (Firm Registration No. 101556), were re-appointed as Cost Auditors for the financial year 2026-27, subject to ratification of remuneration by shareholders.

IPO Proceeds Monitoring

During the year, the company completed its Initial Public Offering comprising a fresh issue of 71,30,124 equity shares of face value ₹10 each at a premium of ₹551 per equity share, with total proceeds of ₹40,000.00 lakh. The company's equity shares were listed on NSE and BSE on August 28, 2025. The board noted the Monitoring Agency Report issued by CARE Ratings Limited for the quarter ended March 31, 2026. The total unutilised IPO proceeds as of March 31, 2026, stood at ₹90.66 crore, primarily parked in fixed deposits with HDFC Bank.

The following table details the utilisation status of IPO proceeds against the objects stated in the offer document:

The monitoring agency noted that ₹101.27 crore earmarked for repayment of loans and ₹49.93 crore pertaining to capital expenditure were required to be deployed by FY26 as per the prospectus; however, only ₹97.20 crore and ₹0.54 crore respectively had been utilised by that date. The company attributed the delay in loan repayment to foreclosure charges, and the delay in capital expenditure deployment to the finalisation of quotations pending approval by the committee appointed by the board. No material deviations from the expenditures disclosed in the offer document were reported.

Mangal Electrical Industries has notified the stock exchanges of an upcoming board meeting scheduled for Wednesday, May 13, 2026. The intimation, dated May 06, 2026, was filed pursuant to Regulations 29 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to address two key matters, as outlined in the regulatory filing:

• Audited Financial Results: Consideration and approval of the audited financial results for the quarter and twelve months ended March 31, 2026
• Employee Stock Options: Consideration and approval of the grant of Employee Stock Options under the company's Employee Stock Option Scheme, subject to applicable approvals

The following table summarises the key details of the scheduled board meeting:

Trading Window Closure

In continuation of the company's earlier intimation dated March 26, 2026, the Trading Window for dealing in the securities of Mangal Electrical Industries remains closed for all Designated Persons and their immediate relatives. The closure commenced from Wednesday, April 01, 2026, and will continue until 48 hours after the declaration of the audited financial results to the stock exchanges, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The filing was signed by Naresh Kumar Sharma, Company Secretary and Compliance Officer (Membership No. A12005), on behalf of Mangal Electrical Industries, and has been submitted to both BSE Limited and the National Stock Exchange of India Limited for their records.