Pursuant to Regulation 30, 33 and schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Board of Directors of the Company at its meeting held today, ....
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The Board of Directors of Mangalam Industrial Finance Ltd met on 14th August 2025 and approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30th June 2025). Total revenue from operations stood at Rs. 90.65 lakhs, up about 4% from Rs. 87.14 lakhs in the same quarter last year. Profit after tax rose to Rs. 33.98 lakhs from Rs. 28.62 lakhs, a growth of around 19% year-on-year, helped by lower total expenses (Rs. 44.87 lakhs vs Rs. 48.50 lakhs). The statutory auditor, M/s Mahesh Udhwani & Associates, issued a clean limited review report with no qualifications. The company also noted that it has received BSE approval for a draft rights issue of up to Rs. 4,900 lakhs, and that no investor complaints were pending at quarter-end.
Results are routine with modest growth in revenue and profits and a clean audit report, which is neutral to mildly positive for shareholders. However, the company carries a large negative other equity balance of Rs. (6,674.51) lakhs against a paid-up capital of Rs. 9,616.44 lakhs, and a pending rights issue, suggesting capital-raising efforts to strengthen the balance sheet.