Mangal Electrical Industries announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on January 28, 2026, following recommendations from the Audit Committee.

Financial Performance Overview

The company's financial performance for the quarter and nine-month periods demonstrates consistent operational strength across key metrics.

Quarterly Results Analysis

For Q3FY26, Mangal Electrical Industries recorded revenue from operations of ₹15,627.39 lakhs compared to ₹14,937.12 lakhs in Q3FY25. Other income contributed ₹274.36 lakhs, bringing total income to ₹15,901.75 lakhs. The company maintained operational efficiency with total expenses of ₹14,101.04 lakhs, resulting in a profit before tax of ₹1,800.71 lakhs.

Nine-Month Performance

The nine-month period ended December 31, 2025, showed revenue from operations of ₹40,026.22 lakhs against ₹39,638.91 lakhs in the corresponding period of the previous year. Total comprehensive income for the nine-month period reached ₹3,042.76 lakhs.

Cost Structure and Expenses

Key expense components for Q3FY26 included:

• Cost of materials consumed: ₹7,493.56 lakhs
• Purchase of stock in trade: ₹1,580.54 lakhs
• Changes in inventories: ₹2,158.24 lakhs
• Employee benefit expenses: ₹750.65 lakhs
• Finance costs: ₹188.04 lakhs

IPO and Listing Details

The company completed its Initial Public Offering comprising a fresh issue of 71,30,124 equity shares of face value ₹10 each, aggregating to ₹713.01 lakhs at a premium of ₹551 per share. Total IPO proceeds amounted to ₹40,000.00 lakhs. As of December 31, 2025, the company had utilized ₹30,703.25 lakhs including issue expenses, with ₹9,296.75 lakhs remaining unutilized and held in bank accounts. The company's equity shares were listed on NSE and BSE on August 28, 2025.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standard 34 and comply with Regulation 33 of SEBI Listing Regulations. The results were subject to limited review by statutory auditors A Bafna & Co, Chartered Accountants. The company continues to monitor compliance with the four new Labour Codes notified by the Government of India, effective November 21, 2025.

Mangal Electrical Industries Limited has announced a key senior management appointment, strengthening its legal and compliance capabilities with the addition of an experienced corporate law professional.

Board Approval and Appointment Details

The Board of Directors approved the appointment of Mr. Mohit Vyas as Chief Legal Officer at their meeting held on December 23, 2025. The decision was made based on recommendations from the Nomination and Remuneration Committee, with the appointment taking effect from January 1, 2026.

Professional Background and Expertise

Mr. Mohit Vyas brings substantial experience to his new role, with 14 years of cross-functional expertise across multiple legal domains. His professional background encompasses:

• Corporate Law and Governance: Extensive experience in corporate governance under Companies Act 2013, contract law, and IPO advisory
• Litigation Management: Proven ability to manage complex litigations across civil, criminal, MSME, NI Act, and labour courts
• Government Relations: Strong background in government interface and representing business interests with ministries, PSUs, and regulatory bodies
• Compliance and Risk: Expertise in industrial relations, statutory compliance, and advising leadership on legal risk management

Strategic Value Addition

The appointment reflects Mangal Electrical Industries' focus on strengthening its legal framework and compliance systems. Mr. Vyas's expertise in aligning business strategy with legal frameworks positions him well to support the company's operational and strategic objectives.

His background in corporate governance and regulatory compliance will be particularly valuable as the company continues to navigate the evolving regulatory landscape in the electrical equipment sector.

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as specified under the SEBI Master Circular dated November 11, 2024.

This strategic appointment underscores Mangal Electrical Industries' commitment to maintaining robust legal and compliance frameworks while supporting its continued growth in the electrical equipment manufacturing sector.