Mangalam Organics Ltd has appointed Manoj Mhapadi as its Chief Financial Officer (CFO) and Key Managerial Personnel effective July 1, 2026. This decision follows the retirement of the outgoing CFO, Shrirang V. Rajule, who will step down on June 30, 2026, upon attaining the retirement age prescribed by the company. The Board approved these changes during its meeting held on June 23, 2026.

Mr. Mhapadi brings over 20 years of experience in accounting, taxation, and auditing. He has served as the Head of Finance at Mangalam Organics for the past decade. His appointment is based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Key Appointments

In addition to the CFO transition, the Board approved several other key appointments for the Financial Year 2026-27. Mr. Vilaskumar Vaghela was appointed as the Internal Auditor, and M/s. NKJ & Associates, Cost Accountants, were appointed as the Cost Auditor. These appointments were made on the recommendation of the Audit Committee.

Mr. Mhapadi was also designated as the Deputy Nodal Officer for matters relating to the Investor Education and Protection Fund (IEPF) effective July 1, 2026.

Profile of New CFO

Manoj Mhapadi is a Chartered Accountant with extensive experience in the chemical sector. His expertise includes fund sourcing, budgetary control, and regulatory compliance. The company stated that his appointment is in the best interest of stakeholders given his long association and contributions to the firm.

Auditor Details

The following table summarizes the details of the newly appointed auditors:

The outgoing CFO, Shrirang V. Rajule, served the company for over two decades. The Board placed on record its appreciation for his valuable contribution and dedicated service during his tenure.

Mangalam Organics Limited reported a consolidated net profit of ₹25.38 crore for the financial year ended March 31, 2026, a significant increase from ₹12.50 crore in the previous year. Revenue from operations rose to ₹622.57 crore for FY26, compared to ₹530.01 crore in FY25. The board approved the audited standalone and consolidated financial results at its meeting held on May 29, 2026. The company also released an investor presentation for the quarter and financial year ended March 31, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s standalone net profit for the year stood at ₹12.23 crore, up from ₹5.37 crore in FY25. Standalone revenue from operations increased to ₹238.64 crore from ₹207.16 crore in the prior year. Earnings per share (EPS) for the year on a consolidated basis was ₹29.64, compared to ₹14.60 in the previous year. EBITDA for the consolidated financials improved to ₹87.82 crore in FY26 from ₹58.58 crore in FY25, with an EBITDA margin of 14.11%.

Exceptional Items and Write-offs

The financial results include an exceptional loss of ₹3.50 crore for the year, primarily due to the reversal of an insurance claim receivable of ₹20.17 crore related to a fire incident at the camphor division in Kumbhivali Village. The company reversed the income in Q4 FY26 as the final settlement amount was not confirmed by insurers. Additionally, the company wrote off inter-corporate loans of ₹5.50 crore extended to its wholly owned subsidiaries, Mangalam Pooja Stores Private Limited and Mangalam Speciality Chemicals Private Limited, due to prolonged non-operational status.

Auditor's Report

Statutory auditors NGST & Associates issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The auditors confirmed that the results give a true and fair view in conformity with the Indian Accounting Standards (Ind AS). The report also noted that the company has only one reportable segment, "Chemicals".

The trading window for designated persons and their immediate relatives, which was closed since April 1, 2026, will remain in effect until 48 hours after the declaration of the audited financial results.