Mangalam Industrial Finance appoints Upadhyay & Company LLP as internal auditor for FY27

Mangalam Industrial Finance Limited has appointed M/s. Upadhyay & Company LLP as its internal auditor for the financial year 2026-27. The decision was taken by the Board of Directors during a meeting held on May 29, 2026. This appointment is effective from April 1, 2026.

The appointment is intended to comply with the provisions of Section 138 of the Companies Act, 2013, read with Rule 13 of the Companies (Accounts) Rules, 2014. The firm has been registered with the Registrar of Companies, Ahmedabad, and holds a Firm Registration No. 131136W.

M/s. Upadhyay & Company LLP is a Limited Liability Partnership firm incorporated on June 7, 2017. The firm offers a range of services including audit and assurance, tax advisory, GST compliance, and regulatory advisory. Its total obligation of contribution is Rs. 1,00,000.

Details of Appointment

Particulars	Details
Name of Internal Auditor & FRN	M/s. Upadhyay & Company LLP, Chartered Accountants Firm Registration No. - 131136W
Reason for Appointment	Appointment of Internal Auditors to comply with the provisions of the Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014
Date of Appointment	With effect from 01 April, 2026 to conduct the Internal Audit for the Financial Year 2026-27
Brief Profile	M/s. Upadhyay & Company LLP is a Limited Liability Partnership firm incorporated on 07 June 2017. It is registered at Registrar of Companies, Ahmedabad. Its total obligation of contribution is Rs. 1,00,000. M/s. Upadhyay & Company LLP is one of the fastest growing Chartered Accountancy firm in western India having pan-India experience.
Disclosure of relationship between directors	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.29%	+9.84%	+4.69%	-44.63%	-54.11%	+17.54%

DY Captive Projects LLP, a promoter entity of Mangalam Industrial Finance Limited, has disclosed the sale of 53,38,272 equity shares in the company through open market transactions. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on 16th April, 2026.

Transaction Details

The share sale was executed in two separate tranches over a period of three days:

Transaction Date:	Shares Sold
13th April, 2026:	25,87,606
15th April, 2026:	27,50,666
Total:	53,38,272

The transactions represent 0.37% of the total share capital of Mangalam Industrial Finance Limited and were conducted through open market sales on BSE Limited.

Shareholding Changes

The sale has resulted in a reduction of DY Captive Projects LLP's stake in the company:

Parameter:	Before Sale	After Sale	Change
Number of Shares:	76,429,374	71,091,102	-53,38,272
Shareholding %:	5.36%	4.99%	-0.37%
Voting Rights %:	5.36%	4.99%	-0.37%

Regulatory Compliance

The disclosure was filed by Kameshwar Singh, Designated Partner of DY Captive Projects LLP (DPIN: 08575577), confirming compliance with SEBI regulations for substantial shareholding changes. The entity belongs to the promoter group of Mangalam Industrial Finance Limited and holds no encumbered shares, voting rights other than through equity shares, or any warrants or convertible securities in the company.