Mehul Telecom Limited has expanded its retail network in Gujarat by opening three new franchise stores. The outlets, located in Morbi, Ahmedabad, and Chikhli, commenced operations between October 11 and 12, 2026.

The company filed an intimation with the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure highlights the company's ongoing efforts to strengthen its physical presence in key cities within the state.

Store locations and details

The new stores operate under two brand styles: Mobile Daddy and Mehul Telecom. The expansion covers distinct geographic areas, ranging from industrial hubs like Morbi to urban centers in Ahmedabad and Navsari district.

Strategic footprint

Two of the three new locations opened on October 11, 2026, while the third followed a day later. The diversification of store names suggests a multi-brand retail strategy aimed at capturing different customer segments within the same state. The company continues to leverage its registered office in Rajkot as its central operational base.

Mehul Telecom Limited shareholders passed all three resolutions at the third Annual General Meeting with 100% assent. The meeting, held on September 30, 2026, adopted the standalone audited financial statements for FY26 and approved key governance appointments.

The company filed the combined voting results and scrutinizer’s report with the Bombay Stock Exchange on October 2, 2026, complying with SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. A total of seven members cast votes, comprising six through insta-poll and one via remote e-voting.

Voting results and attendance details

The scrutinizer’s report confirmed that the remote e-voting period ran from September 25 to September 29, 2026. On the day of the meeting, six members attended physically and voted via polling papers or insta-poll facilities. There were no dissenting votes or abstentions across any agenda item.

The following directors and key managerial personnel were present:

• Mehul Vasantbhai Raymagia (Managing Director)
• Hemali Mehulbhai Raymagiya (Women Director)
• Irfan Husenbhai Chaudhari (Chief Financial Officer)
• Jitesh Kantilal Gunjaria (Non-Executive Independent Director)
• Naimish Vasharambhai Raiyani (Non-Executive Independent Director)
• Richie Dhrumil Vandra (Company Secretary and Compliance Officer)

Resolution outcomes

All ordinary and special business items were approved by the requisite majority. Mrs. Hemali Mehulbhai Raymagiya, who retired by rotation, was re-appointed as a Director. Additionally, Chetan D. Shah, a Practicing Company Secretary, was appointed as the Secretarial Auditor for a five-year term to ensure compliance with corporate secretarial standards.

Audit status and financial adoption

The Statutory Auditors expressed an unqualified opinion on the financial statements for FY26. The Board's Report and audit reports were taken as read before the resolutions were put to vote. The detailed voting results were uploaded to the company website and NSDL within the prescribed time limit. The meeting concluded with a vote of thanks proposed by the Company Secretary.