Mangalam Industrial Finance Limited has appointed M/s. Arun Ratnawat & Associates, Chartered Accountants, as its Statutory Auditors to fill a casual vacancy on the audit committee. The Board of Directors approved the appointment during a meeting held on August 07, 2026, replacing M/s. Mahesh Udhwani & Associates, Chartered Accountants, who resigned from the position effective May 14, 2026.

The appointment follows recommendations from the Audit Committee and ensures continuity in the company’s financial oversight mechanisms. M/s. Arun Ratnawat & Associates holds ICAI Firm Registration No. 010664C and has furnished the necessary consent and eligibility certificates confirming compliance with the Companies Act, 2013 and related rules.

Auditor Transition Details

The change in statutory auditors is a routine corporate governance action aimed at maintaining independent financial verification standards. The previous auditors, M/s. Mahesh Udhwani & Associates, ceased their role in mid-May 2026, creating a gap that necessitated the immediate appointment of a replacement firm to ensure uninterrupted audit coverage for the company’s financial reporting cycles.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/1/3762/2026 dated January 30, 2026. Mangalam Industrial Finance Limited submitted the intimation to the BSE Limited, citing Scrip Code 537800 and Script ID MANGIND.

Venkata Raman Revuru, Managing Director of Mangalam Industrial Finance Limited, signed the disclosure. The Board meeting commenced at 10:00 P.M. (IST) and concluded at 11:00 P.M. (IST) on August 07, 2026. The company confirmed that the new auditors have no relationship with the directors that would compromise their independence, as indicated by the "Not Applicable" status in the relationship disclosure section.

Mangalam Industrial Finance Limited has shut its trading window for insiders effective July 1, 2026, in compliance with regulatory norms ahead of its upcoming quarterly earnings announcement. The closure applies to all promoters, directors, designated persons, and their immediate relatives, prohibiting the buying, selling, trading, pledging, or dealing in the company's securities. This measure ensures compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for preventing insider trading.

The trading window will remain closed until 48 hours after the declaration or publication of the unaudited standalone financial results for the first quarter ending June 30, 2026. The company stated that the date of the board meeting for the results declaration will be intimated in due course. Venkata Ramana Revuru, Managing Director, confirmed the development in a communication to the stock exchange.

Key Details of the Trading Window Closure

The restriction is part of standard corporate governance practices adopted by Mangalam Industrial Finance to prevent the misuse of unpublished price-sensitive information (UPSI). The company's Code of Internal Procedure and Conduct mandates this blackout period to ensure fair market practices during the financial results dissemination process.