Mangalam Industrial Finance board approved seeking an extension to hold its 43rd Annual General Meeting for the financial year 2025-26. The decision was taken during a meeting held on August 25, 2026.

The Board of Directors authorized management to file an application with the Registrar of Companies (ROC) under Section 96 of the Companies Act, 2013. This regulatory step is required to obtain additional time beyond the statutory deadline for convening the annual meeting.

Procedural Details

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board meeting commenced at 4:00 pm and concluded at 4:30 pm on August 25, 2026.

Yatin Sanjay Gupt, Director, signed the disclosure on behalf of the company. The full outcome of the board meeting is available on the company’s website.

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.