Mangalam Global Enterprise Limited has informed the Exchange regarding Change in Auditors of the company.
MGEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mangalam Global Enterprise reported strong FY2026 results with standalone revenue of Rs. 2,962 crore (up 42% YoY) and net profit of Rs. 413.7 lakh (up 90% YoY). Consolidated revenue reached Rs. 3,384 crore with net profit of Rs. 452.2 lakh. The Board recommended a final dividend of Rs. 0.01 per share (1% on Rs. 1 face value). New Internal Auditor (M/s. Bhupendra J. Shah & Associates) and Cost Auditor (M/s. V. M. Patel & Associates) were appointed for FY2026-27. The company invested Rs. 630.09 lakh in its Singapore subsidiary during the year. Statutory Auditor remains Keyur Shah & Co. Key risk: Auditor flagged SEBI show cause notice dated February 10, 2025 regarding a forensic audit, with the company having filed a settlement application.
Strong financial performance with near-doubling of profits is positive. However, the unresolved SEBI show cause notice and ongoing settlement process could pose regulatory risk. Dividend payout is minimal at 1% yield.