Mangal Electrical Industries Limited has announced a significant change in its senior management with the resignation of Chief Operating Officer Mr. Shekhawat AnilKumar Gopal, effective January 31, 2026. The company disclosed this development through regulatory filings to BSE and NSE under SEBI Regulation 30.

Resignation Details and Timeline

The resignation becomes effective from the close of business hours on January 31, 2026. Mr. Gopal, who held the position of COO for CRGO operations at the company's Reengus facility, cited personal reasons for his departure from the organization.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements by filing the necessary disclosures with stock exchanges. The announcement includes comprehensive documentation as mandated under SEBI regulations:

• Formal notification to BSE (Scrip Code: 544492) and NSE (Symbol: MEIL)
• Detailed annexure outlining the change in senior management personnel
• Original resignation letter from Mr. Gopal

Transition and Handover Process

In his resignation letter dated January 30, 2026, Mr. Gopal expressed gratitude to the management and team for their support during his tenure. He assured full cooperation in the handover process to ensure a smooth transition of responsibilities before his relieving date.

The departing COO acknowledged the valuable experience and professional growth opportunities provided by the organization. He has committed to completing all necessary formalities for a seamless transfer of duties and responsibilities.

Company Operations and Future

Mangal Electrical Industries Limited, formerly known as Mangal Electrical Industries Private Limited, operates from its registered office in Jaipur, Rajasthan. The company's CRGO operations at Reengus, where Mr. Gopal served as COO, represent a significant part of the business operations.

The resignation letter was formally accepted by the company's HR department on January 30, 2026, confirming the completion of internal processes. Company Secretary and Compliance Officer Naresh Kumar Sharma signed the regulatory filings, ensuring proper documentation and compliance with all applicable regulations.

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.