Meeting Details

The 18th Annual General Meeting was held on Wednesday, August 26, 2026 at 02:00 P.M. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting concluded at 02:55 P.M. IST.

Attendance

Directors present: Mr. Rahul Mangal (Chairman & Managing Director), Mr. Ashish Mangal (Non-Executive Director & Chairman of Stakeholders Relationship Committee), Mr. Aniketa Mangal (Executive Director & Chairman of Corporate Social Responsibility Committee), Mr. Om Pal Sharma (Executive Director), Mr. Sumer Singh Punia (Executive Director), Mr. Manoj Maheswari (Independent Director & Chairman of Nomination & Remuneration Committee), Ms. Sandeep Purohit (Independent Director), Mr. Ram Karan Aameria (Independent Director), Mr. Apaar Kasliwal (Independent Director & Chairman of Audit Committee), Ms. Neha Rathi (Independent Director).

Key Managerial Personnel: Mr. Pawan Mendiratta (Chief Financial Officer), Mr. Naresh Kumar Sharma (Company Secretary & Compliance Officer).

Auditors and Scrutinizer: Ms. Neha Mathur (Scrutinizer), Mr. Rajat Sharma (A. Bafna & Co., Statutory Auditors), Ms. Monika Gupta (SKMG & Co., Secretarial Auditors), Mr. Babulal Maharwal (M/s Maharwal & Associates, Cost Auditors), Mr. Sandeep Jhanwar (M/s SCLJ & Associates, Chartered Accountants, Internal Auditors).

Invitees: Mr. Rasik Mangal, Mr. Govind Saboo (Consultant – Investor Relations).

Quorum was present throughout the meeting as required under Section 103 of the Companies Act, 2013.

Voting Arrangements

The company provided remote e-voting through Bigshare Services Private Limited. Members who had not cast votes through remote e-voting could vote through e-voting facility during the AGM.

Chairman's Address

Mr. Rahul Mangal, Chairman & Managing Director, highlighted that FY 2025-26 was the first year following the company's listing on stock exchanges. The company focused on strengthening manufacturing capabilities, operational efficiency, and sustainable long-term growth.

Operational Briefing

Mr. Aniketa Mangal, Executive Director, briefed shareholders on key operational and financial developments during FY 2025-26.

Agenda Items and Resolutions

The following resolutions were considered and voted upon:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Re-appointment of Mr. Ashish Mangal as Director liable to retire by rotation (Ordinary Resolution)

3. Re-appointment of Mr. Sumer Singh Punia as Director liable to retire by rotation (Ordinary Resolution)

4. Ratification of remuneration payable to M/s Maharwal & Associates, Cost Auditors, for FY 2026-27 (Ordinary Resolution)

5. Appointment of M/s SKMG & Co., Practicing Company Secretaries, as Secretarial Auditors for five consecutive financial years from FY 2026-27 to FY 2030-31, with remuneration to be determined by the Board (Ordinary Resolution)

6. Adoption and implementation of Mangal Electrical Industries Limited – Employee Stock Option Plan 2025, involving options convertible into up to 15,00,000 equity shares (Special Resolution)

7. Extension of benefits of MEIL ESOP 2025 to eligible employees and directors of holding, subsidiary, associate and group companies (Special Resolution)

8. Appointment of Ms. Neha Rathi as Independent Director for five consecutive years from July 29, 2026 to July 28, 2031 (Special Resolution)

Other Proceedings

Members were invited to raise questions which were addressed by management. The scrutinizer's report and combined results of e-voting will be submitted to stock exchanges in due course and placed on the company website.

Website Information

The information is available on the company's website at www.mangals.com.

#Tags: #MangalElectrical #AGM #SEBIDisclosure #RegulatoryCompliance #ESOP #Neutral