Mangalam Seeds Limited's board convened on December 20, 2025, to address a regulatory compliance matter flagged by BSE Limited. The meeting, which lasted from 1:00 PM to 1:30 PM, focused on resolving non-compliance issues related to SEBI regulations and outlining corrective measures.

Regulatory Non-Compliance Details

The board acknowledged non-compliance with Regulation 18(1) of SEBI LODR Regulations, 2015 for the quarter ended September 30, 2025. This regulatory breach was brought to the company's attention through communication received from BSE Limited dated November 28, 2025.

Root Cause and Resolution

The non-compliance was attributed to the completion of tenure of Independent Directors, which resulted in a temporary vacancy in the Audit Committee. The company clarified that this occurrence was purely inadvertent and without any malafide intent.

To address this issue, Mangalam Seeds took immediate corrective action by reconstituting the Audit Committee with effect from July 23, 2025. Following this reconstitution, the company confirmed that it is presently in full compliance with SEBI LODR Regulations.

Governance and Compliance Measures

The board outlined several measures to prevent future compliance issues:

• Implementation of robust monitoring mechanisms for timely reconstitution of Board Committees
• Enhanced oversight of regulatory compliance requirements
• Strengthened processes to ensure adherence to applicable laws in both letter and spirit
• Commitment to maintaining highest standards of corporate governance

The company emphasized its dedication to regulatory compliance and assured stakeholders of its commitment to preventing similar occurrences in the future. The board reiterated that the non-compliance was an isolated incident resulting from inadvertence rather than any intentional oversight.

Corporate Communication

Mangalam Seeds formally communicated these developments to BSE Limited, requesting that the explanations and corrective measures be taken on record. This transparent approach demonstrates the company's commitment to maintaining open communication with regulatory authorities and ensuring stakeholder confidence in its governance practices.

Mangalam Seeds Limited , a key player in the agriculture and real estate sectors, has announced its financial results for the second quarter of the fiscal year 2025-26. The company's performance reflects a mixed picture with notable figures in both revenue and profit.

Financial Highlights

• Net Profit: The company reported a standalone net profit of ₹183.76 lakh for Q2 FY26, compared to ₹381.09 lakh in the previous quarter.
• Revenue: Total revenue from operations stood at ₹4,890.04 lakh for the quarter.
• Consolidated Performance: On a consolidated basis, Mangalam Seeds posted a net profit of ₹179.00 lakh.

Segment-wise Revenue

Mangalam Seeds operates in two main segments:

Half-Year Performance

For the half-year ended September 30, 2025, the company achieved a consolidated net profit of ₹568.78 lakh.

Board Approval

The Board of Directors approved these results at a meeting held on November 12, 2025.

Consolidated Financial Position

As of September 30, 2025, Mangalam Seeds reported:

• Total Assets: ₹16,741.59 lakh
• Total Equity: ₹8,730.02 lakh (including non-controlling interest)
• Current Liabilities: ₹5,914.47 lakh

Operational Insights

The company's performance indicates a strong presence in the agriculture sector, which contributes significantly to its revenue. The real estate segment, while smaller, adds diversification to the company's portfolio.

Mangalam Seeds' quarter-on-quarter decrease in net profit is notable. However, the half-yearly consolidated profit of ₹568.78 lakh suggests a stable overall performance for the first half of FY26.

The company's operations in agriculture and real estate may help it address market fluctuations in the coming quarters.