Mehul Telecom Limited has announced that its board of directors will meet on Monday, May 25, 2026, to discuss key financial and administrative matters. The meeting is scheduled to take place at 04.00 P.M. at the company's registered office. The primary agenda includes the consideration and approval of the standalone audited financial results for the half-year and financial year ended March 31, 2026.

Financial Results Consideration

The board will review the standalone audited financial results for the period ended March 31, 2026. Alongside the results, the directors will consider the statement of assets and liabilities as of that date. The cash flow statement for the financial year ended March 31, 2026, is also on the agenda for approval. Furthermore, the board will take on record the report of the statutory auditors regarding these financial statements.

Internal Auditor Appointment

In addition to the financial results, the board will consider the appointment of a new internal auditor. The firm proposed for the role is M/s S M N K & Co, Chartered Accountants, based in Rajkot. This appointment is subject to the approval of the board during the meeting.

Meeting Details

The meeting is being convened pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The table below summarizes the key details of the board meeting:

Any other business with the permission of the chair may also be taken up during the meeting. The intimation has been submitted to the BSE Limited, where the company is listed with the script code 544751.

Mehul Telecom's initial public offering has garnered significant investor interest, with the issue being oversubscribed 9.71 times overall. The subscription details reveal varied participation levels across different investor categories, highlighting strong retail and non-institutional investor appetite.

Category-wise Subscription Performance

The subscription data shows distinct patterns across investor segments:

Strong Retail and HNI Response

The retail category demonstrated robust participation with 8.97 times oversubscription, reflecting strong interest from individual investors. This level of retail participation indicates positive market sentiment toward the company's prospects.

Non-institutional buyers showed particularly strong enthusiasm, with the bHNI segment recording 26.5 times subscription and the sHNI category achieving 15.33 times oversubscription. This significant oversubscription in the HNI categories suggests confidence among affluent individual investors.

Institutional and Employee Participation

Qualified Institutional Buyers subscribed 1.38 times their allocated portion, indicating moderate institutional interest in the offering. The employee category recorded zero subscription, with no participation from company employees in the public issue.

The overall subscription pattern reflects a retail and HNI-driven response, with strong participation from individual investors across different wealth segments contributing to the issue's success.