Appointment of Internal Auditor and Secretarial Auditor for the FY 26-27
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Mangal Compusolution Ltd's Board of Directors met on 29th May 2026 and approved multiple items including audited financial results for FY ended 31st March 2026. The company reported total income of Rs. 340,266 lakhs (up from Rs. 252,405 lakhs in previous year) and profit before tax of Rs. 816.85 lakhs. The Board recommended a final dividend of Rs. 0.50 per equity share (5% on face value of Rs.10), subject to shareholder approval at the AGM. Two new auditor appointments were made: M/s Anand R. Chandak & Company as Internal Auditor and M/s Vijay S. Tiwari & Associates as Secretarial Auditor, both for FY 2026-27. The statutory auditors issued an unmodified opinion on the financial results. The company also confirmed no deviation in utilization of IPO funds raised in November 2024.
Routine governance update with positive signals - healthy revenue growth, profit improvement, and shareholder-friendly dividend recommendation. Appointment of new auditors is standard annual practice and does not indicate any governance concerns.