Re-appointment of Cost Auditor subject to ratification of their remuneration by shareholders.
MEIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mangal Electrical Industries Ltd held its Board meeting on May 13, 2026, approving the audited financial results for FY2026. The company reported revenue from operations of Rs 5,797 lakh (up from Rs 5,494 lakh in FY2025) and profit after tax of Rs 432 lakh (down from Rs 473 lakh). Total assets nearly doubled to Rs 7,071 lakh from Rs 3,665 lakh, reflecting significant growth following the company's IPO last year. The Board also approved the MEIL Employee Stock Options Plan 2025 for up to 15 lakh options, subject to shareholder approval. Additionally, M/s Maharwal & Associates was re-appointed as Cost Auditors for FY2026-27, with their remuneration to be ratified by shareholders at the AGM. Two directors, Mr. Ashish Mangal and Mr. Sumer Singh Punia, are also being recommended for re-appointment.
The filing shows steady operational performance with profits declining slightly despite higher revenue. The company appears to be investing IPO proceeds as planned with no material deviations noted by the monitoring agency. ESOP introduction signals management focus on employee retention.