Mangal Electrical Industries Gets PGCIL Approval Renewal To Process CRGO For Transformers And Reactors Up To 765 KV

Mangal Electrical Industries Limited has secured a significant renewal of its manufacturer approval from Power Grid Corporation of India Limited (PGCIL), reinforcing its position in the power transmission equipment sector. The accreditation covers Prime CRGO Coils Slitting and Laminations Cutting for Transformers & Reactors up to 765 kV class for POWERGRID projects.

Accreditation Details

The renewal was granted through PGCIL's letter ref.no. CC/QA&I/2026/Letter/172 dated April 16, 2026. The accreditation represents a Manufacturer Approval validity Extension, allowing the company to continue supplying critical components for high-voltage power transmission infrastructure.

Parameter:	Details
Regulatory Authority:	Power Grid Corporation of India Limited
Product Category:	Prime CRGO Coils Slitting and Laminations Cutting
Voltage Class:	Up to 765 kV
Application:	Transformers & Reactors for POWERGRID projects
Validity Period:	Until April 22, 2029
Previous Approval Reference:	CC/QA&I/MP/11223/2026/237, April 24, 2025

Strategic Impact

According to the company's disclosure, the renewal of PGCIL 765 kV class approval reaffirms Mangal Electrical's strong position in the large power transformer segment. This accreditation enables the company to participate in critical power infrastructure projects across India's transmission network.

Compliance and Quality Standards

The approval comes with stringent quality requirements. The company must ensure that all supplied items meet POWERGRID Specifications, approved drawings, data sheets, and relevant IEC/IS standards. PGCIL retains the right to increase inspection involvement or withdraw approval if any abnormalities are detected.

Future Considerations

PGCIL has specified that further approval renewals will be considered based on performance, quality, and supplies during the current approval period. The company must submit renewal requests at least one month before the current approval expires on April 22, 2029.

The accreditation strengthens Mangal Electrical's credentials as an approved supplier for India's power transmission infrastructure, particularly for high-voltage applications up to 765 kV class equipment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.39%	+20.95%	+29.96%	-34.68%	-43.43%	-43.43%

Mangal Electrical Industries Ltd has submitted a revised corporate announcement to stock exchanges regarding a GST appellate authority order involving ₹55.73 lakhs. The company filed the updated disclosure on April 17, 2026, following an inquiry from exchanges about additional details required under SEBI regulations.

Revised Corporate Announcement Details

The company submitted the revised corporate announcement on BSE Listing Centre incorporating additional details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The original disclosure was made on April 16, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Parameter:	Details
Original Disclosure Date:	April 16, 2026
Revised Announcement Date:	April 17, 2026
Order Amount:	₹55.73 lakhs (including GST, interest and penalty)
Order Number:	ZD080623029072N dated June 09, 2023

Timeline Compliance Clarification

Regarding the exchange's observation about potential delay in disclosure beyond the prescribed 24-hour timeline, Mangal Electrical Industries clarified that the company had not received any copy of the order from the GST department in physical form or through email/post/courier. The order came to the company's knowledge only when the GST portal was accessed on April 16, 2026, where the order was observed/uploaded.

GST Order Specifications

The appellate authority order was passed under Section 107 of Rajasthan/Central GST Act, 2017, read with Section 20 of the Integrated Goods and Services Tax Act, 2017. The order pertains to alleged irregular availment of Input Tax Credit (ITC) and applicability of GST on corporate guarantees provided by company directors to banks for FY 2017-18.

Violation Details:	Specifications
Primary Issue:	Alleged irregular availment of Input Tax Credit
Secondary Issue:	GST on corporate guarantees by directors
Financial Year:	2017-18
Consequential Levy:	Interest and penalty under GST Act

Company's Response and Impact Assessment

The company stated there is no immediate material impact on financials, operations or other activities. Based on the merits of the matter, factual position, prevailing law and counsel advice, Mangal Electrical Industries will file an appeal before the Appellate Tribunal with proper documentation.

Company Secretary & Compliance Officer Naresh Kumar Sharma signed the communication, assuring that necessary steps have been taken to ensure timely compliance with SEBI Listing Regulations in future. The company committed to inform stock exchanges of any material developments on this matter in accordance with Regulation 30(7) of the SEBI Listing Regulations.