Statement of Deviation and Variation as on 31st March, 2026
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Mangal Compusolution Ltd (BSE Scrip: 544287) held its Board meeting on 29 May 2026 and approved the audited financial results for FY ended March 31, 2026. Total Income grew to Rs. 3,40,266 Lakhs from Rs. 2,52,405 Lakhs in the prior year (up ~35%). Other Income more than doubled to Rs. 43,005 Lakhs. Profit after Tax surged to Rs. 693.15 Lakhs from Rs. 407.15 Lakhs in FY25, a ~70% increase. The Board recommended a Final Dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) subject to shareholder approval. The company also appointed new Internal Auditor (M/s Anand R. Chandak & Company) and Secretarial Auditor (M/s Vijay S. Tiwari & Associates) for FY 2026-27. Statutory auditors Kothawade & Laddha issued an unmodified (clean) opinion on the financial results. Regarding the IPO completed in November 2024 (raised Rs. 1,622.70 Lakhs), the company confirmed there is NO deviation or variation in the use of IPO proceeds — all funds were utilized as per the stated objects (Rs. 1,295.88 Lakhs for IT equipment/capital expenditure, Rs. 133 Lakhs for public issue expenses, Rs. 193.82 Lakhs for general corporate purpose).
Strong profit growth of ~70% YoY and a clean audit opinion are positive for shareholders. The dividend recommendation adds a direct return component. No IPO fund deviation removes a key compliance concern. The stock trades on the BSE SME platform with moderate liquidity.