Mangal Electrical Industries Limited has appointed Mr. Naresh Kumar Sharma as Company Secretary and Compliance Officer, effective December 23, 2025. The appointment was approved by the Board of Directors during their meeting held on Tuesday, December 23, 2025, and has been communicated to BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointment Details

The company has made a strategic appointment to strengthen its corporate governance framework:

Professional Profile

Mr. Naresh Kumar Sharma brings specialized expertise in corporate compliance and regulatory matters to his new role. His professional credentials include:

The appointment aims to enhance the company's compliance capabilities and ensure adherence to regulatory requirements across various corporate laws and listing obligations.

Regulatory Compliance

The appointment has been made in full compliance with SEBI regulations and disclosure requirements. The company has fulfilled all necessary intimation procedures to both BSE (Scrip Code: 544492) and NSE (Symbol: MEIL) as mandated under Regulation 30 read with Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment reflects Mangal Electrical Industries' commitment to strengthening its corporate governance structure and ensuring robust compliance with regulatory frameworks. The company operates from its registered office in Jaipur, Rajasthan, and continues to focus on enhancing its management capabilities in the electrical equipment sector.

Mangal Electrical Industries Limited (MEIL) has reported mixed financial results for the second quarter, showing revenue growth but a decline in profitability.

Financial Highlights

MEIL reported the following key figures for the quarter:

• Net profit: ₹133.00 million, down from ₹143.00 million in the same period last year
• Revenue: Increased to ₹1,540.00 million from ₹1,330.00 million year-over-year
• EBITDA: Declined to ₹218.40 million from ₹239.50 million
• EBITDA margin: Compressed to 14.15% from 18.05% in the previous year

Revenue Growth

The company witnessed a significant year-on-year growth in its revenue, which increased by approximately 15.79% compared to the same quarter last year. This growth indicates strong demand for MEIL's products and services.

Profitability Challenges

Despite the revenue growth, MEIL faced challenges in maintaining its profitability:

• Net profit decreased by about 6.99% year-over-year
• EBITDA saw a decline of approximately 8.81%
• EBITDA margin contracted by 390 basis points

These figures suggest that the company may be facing increased operational costs or competitive pressures that are impacting its bottom line.

Market Implications

The mixed results present a nuanced picture for investors and stakeholders:

• The revenue growth demonstrates MEIL's ability to expand its market presence and sales.
• However, the decline in profitability metrics may raise questions about the company's cost management and operational efficiency.

Looking Ahead

As Mangal Electrical Industries navigates these mixed results, key areas to watch include:

• Initiatives to improve operational efficiency and cost management
• Strategies to maintain revenue growth while addressing profitability challenges
• Any guidance or outlook provided by the management for future quarters

Investors and analysts will likely be keen to see how MEIL plans to balance its growth trajectory with profitability improvement in the coming periods.