Mangal Electrical 18th AGM Approves All 8 Resolutions

Meeting Information

Type of Meeting: Annual General Meeting (AGM)

Meeting Date: August 26, 2026

Meeting Time: 2:00 PM to 2:55 PM

Record Date: August 17, 2026

Total Shareholders on Record Date: 54,017

Attendance Details

Promoters and Promoter Group attended via video conferencing: 5

Public shareholders attended via video conferencing: 68

Promoters and Promoter Group present in person or through proxy: 0

Public shareholders present in person or through proxy: 0

Shareholding Structure

Total Outstanding Shares: 27,630,124

Promoter and Promoter Group Shares: 20,664,685 (74.78%)

Public Institutions Shares: 1,416,714 (5.13%)

Public Non-Institutions Shares: 5,548,725 (20.09%)

Voting Results Summary

Total Resolutions Passed: 8

Total Votes Polled: 21,475,471 shares (77.7248% of outstanding shares)

Voting Method: Electronic Voting (E-Voting) exclusively

Resolution Details

Resolution 1: Adoption of Financial Statements

Description: To adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

Resolution Type: Ordinary

Promoter Interest: No

Voting Results:

Promoter and Promoter Group: 20,664,685 votes (100% of shares voted, 100% in favor)
Public Institutions: 798,213 votes (56.3426% of shares voted, 100% in favor)
Public Non-Institutions: 12,573 votes (0.2266% of shares voted, 64.1056% in favor, 35.8944% against)
Total: 21,475,471 votes (77.7248% of shares voted, 99.9790% in favor, 0.0210% against)

Result: Passed

Resolution 2: Re-appointment of Director

Description: To re-appoint Mr. Ashish Mangal as a Director liable to retire by rotation and who has offered himself for re-appointment.

Resolution Type: Ordinary

Promoter Interest: No

Voting Results:

Promoter and Promoter Group: 20,664,685 votes (100% of shares voted, 100% in favor)
Public Institutions: 798,213 votes (56.3426% of shares voted, 100% in favor)
Public Non-Institutions: 12,547 votes (0.2261% of shares voted, 59.1855% in favor, 40.8145% against)
Total: 21,475,445 votes (77.7248% of shares voted, 99.9762% in favor, 0.0238% against)

Result: Passed

Resolution 4: Ratification of Cost Auditors' Remuneration

Description: To ratify the remuneration payable to M/s Maharwal & Associates, Cost Auditors, for the financial year 2026-27.

Resolution Type: Ordinary

Promoter Interest: No

Voting Results:

Promoter and Promoter Group: 20,664,685 votes (100% of shares voted, 100% in favor)
Public Institutions: 798,213 votes (56.3426% of shares voted, 100% in favor)
Public Non-Institutions: 12,573 votes (0.2266% of shares voted, 63.8988% in favor, 36.1012% against)
Total: 21,475,471 votes (77.7248% of shares voted, 99.9789% in favor, 0.0211% against)

Result: Passed

Resolution 5: Appointment of Secretarial Auditors

Description: To appoint M/s SKMG & Co., Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five consecutive financial years commencing from FY 2026-27 and ending with FY 2030-31, with remuneration to be determined by the Board of Directors.

Resolution Type: Ordinary

Promoter Interest: No

Voting Results:

Promoter and Promoter Group: 20,664,685 votes (100% of shares voted, 100% in favor)
Public Institutions: 798,213 votes (56.3426% of shares voted, 100% in favor)
Public Non-Institutions: 12,573 votes (0.2266% of shares voted, 63.4693% in favor, 36.5307% against)
Total: 21,475,471 votes (77.7248% of shares voted, 99.9786% in favor, 0.0214% against)

Result: Passed

Resolution 7: ESOP Extension to Group Companies

Description: To extend the benefits of MEIL ESOP 2025 to eligible employees and directors of the holding, subsidiary, associate and group companies.

Resolution Type: Special

Promoter Interest: No

Voting Results:

Promoter and Promoter Group: 20,664,685 votes (100% of shares voted, 100% in favor)
Public Institutions: 798,213 votes (56.3426% of shares voted, 100% in favor)
Public Non-Institutions: 12,573 votes (0.2266% of shares voted, 62.7694% in favor, 37.2306% against)
Total: 21,475,471 votes (77.7248% of shares voted, 99.9782% in favor, 0.0218% against)

Result: Passed

Resolution 8: Appointment of Independent Director

Description: To appoint Ms. Neha Rathi as an Independent Director of the Company for a term of five consecutive years from July 29, 2026 to July 28, 2031.

Resolution Type: Special

Promoter Interest: No

Voting Results:

Promoter and Promoter Group: 20,664,685 votes (100% of shares voted, 100% in favor)
Public Institutions: 798,213 votes (56.3426% of shares voted, 100% in favor)
Public Non-Institutions: 12,573 votes (0.2266% of shares voted, 59.7471% in favor, 40.2529% against)
Total: 21,475,471 votes (77.7248% of shares voted, 99.9764% in favor, 0.0236% against)

Result: Passed

Scrutinizer Details

Qualification: Company Secretary

Membership Number: A54845

Date of Board Meeting Appointment: July 29, 2026

Date of Issuance of Report to Company: August 27, 2026

Notes

All resolutions were passed with overwhelming majority support
Promoter and promoter group voted unanimously in favor of all resolutions (100%)
Public institutions showed strong support with 100% in favor across all resolutions
Public non-institutions showed varying levels of opposition, with the highest opposition (40.81%) to the re-appointment of Mr. Ashish Mangal
No invalid votes were recorded across any shareholder categories
All voting was conducted electronically with no poll or postal ballot votes