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.

Mangal Electrical Industries Limited has received a GST appellate authority order involving ₹55.73 lakhs for alleged excess availment of Input Tax Credit. The company disclosed this regulatory development through a corporate announcement filed with stock exchanges on April 16, 2026, under Regulation 30 of SEBI Listing Regulations.

GST Order Details

The appellate authority order was passed in appeal No. 115/AA-I/GST/2023-24 by the Office of the Appellate Authority (Government of Rajasthan) State Tax, Jaipur-First. The order pertains to alleged excess availment of Input Tax Credit and related discrepancies in GST returns for the financial year 2017-18.

Violation Allegations

The GST order addresses alleged excess availment of Input Tax Credit and related discrepancies in the company's GST returns for FY 2017-18. The order was passed under the provisions of the GST Act, 2017, specifically pertaining to input tax credit and tax demand issues.

Company's Response Strategy

Based on the merits of the matter, factual position, prevailing law, and advice from counsel/consultant, Mangal Electrical Industries plans to file an appeal against this order before the Appellate Tribunal. The company will present factual position and proper documentation to support its case.

Financial and Operational Impact

The company has assessed the immediate impact of this GST order on its operations. The total financial exposure amounts to approximately ₹55.73 lakhs, which includes tax, interest, and penalty components as determined by the appellate authority.

Company Secretary & Compliance Officer Naresh Kumar Sharma signed the disclosure communication, ensuring compliance with SEBI Listing Regulations. The company has committed to inform stock exchanges of any material developments on this matter in accordance with Regulation 30(7) of the SEBI Listing Regulations.