Statement of deviation or variation for the quarter ended March 31, 2026

MEIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.2%1-day move

₹310.90

prior close

₹306.50

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.5-0.5+0.3-0.8-3.2+0.3+2.6+4.2+2.3+4.5+1.0-0.3-3.5—

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AI summary

Mangal Electrical Industries Ltd, listed on BSE and NSE in August 2025, has filed a statement confirming no deviation or variation in the utilisation of IPO proceeds for Q4 FY2026 (quarter ended March 31, 2026). The company raised Rs. 40,000 Lakhs through a Fresh Issue IPO on August 25, 2025. CARE Ratings Limited is the appointed monitoring agency. All fields in the utilisation table are marked NA, indicating the funds are being deployed as per the original objects stated in the IPO prospectus. This is a routine post-IPO compliance filing required under SEBI Regulation 32(1).

Likely market impact

No shareholder concern as the company has confirmed zero deviation in IPO fund usage. This is a standard compliance update with no adverse implications for investors.