Mangal Electrical Industries , a prominent player in the electrical equipment sector, has released its financial results for the first quarter, showcasing a mixed performance amidst market challenges.

Financial Highlights

The company reported a significant decrease in revenue for the quarter:

Mangal Electrical Industries reported a revenue of ₹897.00 million, marking a decrease from ₹1,140.00 million in the same period last year. This represents a year-over-year decline of 21.32% in revenue.

Net profit also saw a significant decrease, coming in at ₹37.00 million, down from ₹55.00 million in the previous year, representing a 32.73% reduction.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹100.00 million, compared to ₹112.00 million in the same period last year, showing a 10.71% decrease.

Operational Performance

Despite the revenue decline, Mangal Electrical Industries demonstrated improvement in its EBITDA margin:

• EBITDA Margin: Improved to 11.12% from 9.82% year-over-year

The company's ability to improve its EBITDA margin in the face of reduced revenue highlights its focus on operational efficiency during challenging market conditions.

Initial Public Offering (IPO) Success

In a significant development, Mangal Electrical Industries successfully completed its Initial Public Offering (IPO). The company issued 71,30,124 equity shares at ₹561.00 per share, which included a premium of ₹551.00. This IPO raised ₹713.01 lakhs for the company, marking its entry into the public markets.

The shares of Mangal Electrical Industries were subsequently listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE), enhancing the company's visibility and providing liquidity to its shareholders.

Looking Ahead

As Mangal Electrical Industries navigates through market fluctuations, the company's focus remains on leveraging its newly acquired public status and utilizing the funds raised from the IPO to drive growth and operational improvements. The company's ability to rebound from the Q1 revenue dip, maintain its improved EBITDA margin, and effectively utilize its IPO proceeds will be crucial factors in determining its performance trajectory for the remainder of the fiscal year.

Mangal Electrical Industries Limited (BSE: 544492, NSE: MEIL) has officially confirmed the appointment of Mr. Balvinder Singh Guleri as its Company Secretary and Compliance Officer. The appointment took effect on December 22, 2024, as reiterated in a recent filing with the stock exchanges following the company's listing on August 28, 2025.

Professional Background

Mr. Guleri brings over nine years of experience in various secretarial roles to his position at Mangal Electrical Industries. An associate member of The Institute of Company Secretaries of India, he holds a bachelor's degree in commerce from the University of Rajasthan. His professional journey includes significant stints with notable companies in the infrastructure and energy sectors.

Previous Associations

Prior to joining Mangal Electrical Industries, Mr. Guleri's career path included roles at:

• H.G. Infra Engineering Limited
• Gurgaon Sohna Highway Private Limited (a wholly-owned subsidiary of H.G. Infra Engineering Limited)
• Continental Petroleums Limited

Responsibilities

In his role as Company Secretary and Compliance Officer, Mr. Guleri is tasked with ensuring corporate secretarial compliance functions for Mangal Electrical Industries. This appointment aligns with Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Listing

Mangal Electrical Industries Limited, formerly known as Mangal Electrical Industries Private Limited, recently made its debut on the stock exchanges. The company's shares were listed on August 28, 2025, with the following details:

Additional Corporate Governance Measures

Coinciding with its listing, Mangal Electrical Industries has taken several steps to ensure compliance with regulatory requirements:

1. Adopted a "Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information" in line with SEBI regulations.

2. Appointed Bigshare Services Private Limited as the Registrar & Share Transfer Agent.

3. Authorized Key Managerial Personnel to determine the materiality of events or information for disclosure purposes, including:

   • Mr. Rahul Mangal (Managing Director)
   • Mr. Pawan Mendiratta (Chief Financial Officer)
   • Mr. Balvinder Singh Guleri (Company Secretary and Compliance Officer)

4. Announced the closure of the trading window for designated persons and their immediate relatives, effective August 28, 2025, until 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2025.

These measures underscore Mangal Electrical Industries' commitment to maintaining transparency and adhering to regulatory standards as it transitions into its new status as a publicly listed entity.