Mangalam Alloys Limited has disclosed to the National Stock Exchange of India Limited that its promoters and promoter group have not created any new encumbrances on their shareholdings during the financial year ended March 31, 2026. The filing, submitted by Managing Director Tushar Uttamchand Mehta, confirms that apart from previously disclosed charges, the promoter group has maintained its holdings without additional leverage. This declaration is crucial for investors as it indicates the stability of the promoter's stake against the company's equity, reducing the risk of pledged shares impacting market liquidity.

The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires listed companies to provide yearly updates on the encumbrance status of shares held by promoters. The company submitted individual declarations from each promoter and promoter group member to the exchange and its audit committee.

Tushar Uttamchand Mehta, a promoter and Managing Director, declared a holding of 35,34,747 shares as of March 31, 2026, with no new encumbrances. Similarly, promoter Uttamchand Chandanmal Mehta reported holding 36,46,920 shares, also free of new encumbrances. Meghjyoti Impex Private Limited, another promoter, stated it holds 32,15,160 shares with no fresh encumbrances during the year.

Members of the promoter group also provided their respective declarations. Megha Tushar Mehta holds 8,06,400 shares, while Tirth Uttam Mehta holds 32,880 shares. Unison Forgings Private Limited reported a smaller holding of 795 shares. All three entities confirmed they did not create any encumbrance on their shares directly or indirectly during FY26.

However, Shelja Finlease Pvt Ltd, part of the promoter group, disclosed a different status. The entity confirmed holding 7,96,080 equity shares as of March 31, 2026, but stated that this entire shareholding stands encumbered. The company noted that details of this encumbrance had been previously disclosed to the stock exchanges in accordance with applicable regulations.

Shareholding and Encumbrance Status as of March 31, 2026

Mangalam Alloys Limited has appointed M/s. Rathore & Associates, Chartered Accountants, as its internal auditor for the financial year 2026-27. The decision was taken by the Board on the recommendation of the Audit Committee. The appointment is effective from May 29, 2026.

M/s. Rathore & Associates holds a Firm Registration No. 132995W. The firm is a multidisciplinary entity specializing in auditing, financial reporting, internal controls and audit across business functions, and statutory compliances. The proprietor of the firm is Mr. Gaurav Kumar Rathore, based in Ahmedabad.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant SEBI Circular No. is SEBI HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026.

Details of Appointment