Mangalam Industrial Finance reports net loss for FY26

Mangalam Industrial Finance Limited reported a net loss of ₹100.28 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹123.19 lakh in the previous year. The company's total income for FY26 stood at ₹2,681.34 lakh, a significant increase from ₹355.96 lakh in FY25, primarily driven by fees and commission income of ₹2,253.18 lakh. For the quarter ended March 31, 2026, the company recorded a net loss of ₹176.16 lakh.

Audited Financial Results

The board approved the audited standalone financial results for the fourth quarter and financial year ended March 31, 2026. Total revenue from operations for the year rose to ₹428.16 lakh from ₹355.96 lakh in the previous year. However, total expenses surged to ₹2,782.03 lakh, largely due to business referral commission expenses of ₹2,216.77 lakh and impairment on financial instruments amounting to ₹408.16 lakh.

Metric	FY26 (₹ in lakh)	FY25 (₹ in lakh)
Total Income	2,681.34	355.96
Total Expenses	2,782.03	154.42
Net Profit/(Loss)	(100.28)	123.19
Earnings Per Share (Basic)	(0.01)	0.01

Auditor's Qualified Opinion

Statutory Auditors M/s. Mahesh Udhwani & Associates issued an audit report with a qualified opinion. The auditors stated that expenses incurred during the year included major expenditure with related parties, and in the absence of sufficient documents and information, they were unable to compare or verify such expenditure. The impact of this on the profit or loss is presently not ascertainable.

Other Disclosures

The auditors also emphasized that the company, being a Non-Banking Financial Company (NBFC), earned indirect income from fees and commission amounting to ₹2,253.17 lakhs during the year, which constitutes a substantial portion of total income. Additionally, the company sanctioned and disbursed an additional loan of ₹11.44 crore to a related party during the period, despite past delays in EMI servicing, which management stated was regularized subsequently.

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

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