Approval of MEIL- ESOP PLAN, 2025 by board.
MEIL · price
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Mangal Electrical Industries Ltd (MEIL) held its Board meeting on May 13, 2026, approving audited FY2026 results. Revenue from operations grew to ₹5,797 lakh (up ~5.5% from ₹5,494 lakh in FY2025), driven by manufacturing/trading and a new EPC segment. However, profit before tax declined to ₹581 lakh (down ~8.8% from ₹637 lakh) and PAT fell to ₹432 lakh (down ~8.7% from ₹473 lakh), reflecting margin compression from higher material costs. The company listed on NSE/BSE in August 2025 via a ₹400 crore IPO. The Board also approved the MEIL-ESOP 2025 plan (up to 15 lakh options, subject to shareholder approval) and re-appointed two directors and the cost auditor. CARE Ratings confirmed no material deviations in IPO fund utilisation. The auditor gave an unmodified opinion.
Revenue growth is modest at ~5.5% and the decline in profitability may concern investors; however, the clean audit opinion and ESOP plan signal management confidence and alignment with employee interests.