Please find enclosed herewith Outcome of Board Meeting held on 20th August, 2025
Price
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Awaiting price reaction for this filing.
The Board of Directors of Mangal Compusolution Ltd approved several key items at its meeting on 20th August 2025. A new statutory auditor, M/s. Kothawade & Laddha (FRN: 105339W), was appointed to fill the casual vacancy caused by the resignation of M/s. MGB & CO. LLP, subject to shareholder approval at the upcoming AGM. The Board approved the 1st Annual General Meeting notice for FY 2024-25, scheduled for 17th September 2025 via video conferencing, along with the Annual Report, Management Discussion & Analysis, and Directors' Report. The book closure dates were set from 10th September to 17th September 2025, with 9th September 2025 as both the record date for dividend eligibility and e-voting cut-off, indicating a potential dividend declaration for FY 2024-25 subject to AGM approval.
The auditor change due to resignation may raise minor governance concerns, but the appointment of an established 1987-founded firm provides continuity. The mention of a potential dividend for FY 2024-25 (subject to AGM approval) and scheduled AGM could be mildly positive for shareholders awaiting return on investment.