This is to inform you that board of directors has approved the appointment of M/s. Shah & Shah Associates as a Secretarial Audior for the Financial year 2025-26 to 2029-30.
Awaiting price reaction for this filing.
Mangalya Soft-Tech Limited announced the outcome of its board meeting held on August 14, 2025. The board approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025), reporting zero revenue from operations and a net loss of Rs 4.34 lakhs, worsening from a Rs 0.54 lakh loss in Q4 FY25 and a Rs 0.16 lakh loss in Q1 FY25. The board also appointed Shah & Shah Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The statutory auditor flagged an Emphasis of Matter noting that the company's networth is fully eroded due to accumulated losses, and the NCLT-approved merger with Ratnakar Securities is still pending SEBI registration formalities.
Negative signal for shareholders — the company remains operationally inactive with no revenue and a fully eroded networth, with its revival entirely dependent on completion of the NCLT merger process. The widening quarterly losses and unresolved regulatory formalities indicate continued uncertainty for minority shareholders.