Company Response to NSE Query on Segment Reporting
Date and Nature of Query
Mangal Electrical Industries Limited received a communication from the National Stock Exchange of India Limited dated July 14, 2026, regarding the non-submission of segment details for financial results submitted to the Exchange on September 16, 2025.
Company's Clarification on Segment Reporting
The company provided a comprehensive response dated July 18, 2026, signed by Managing Director Rahul Mangal (DIN: 01591411). The clarification addresses the segment reporting requirements as follows:
Business Operations: The company is primarily involved in manufacturing Electrical Transformers, CRGO, electrical accessories, and related items, and also executes EPC Contracts involving electrical items. The registered office is located at C-61, C-61(A&B), Road No. 1C, VKI Area, Jaipur, Rajasthan, India, 302013, with manufacturing units in Jaipur, Reengus (Sikar), and Pratapgarh, Rajasthan.
Accounting Policy Justification: The company referenced its accounting policy No. XXIII disclosed in Annual Financial Statements for the year ended March 31, 2025, which states that operating segments are components whose results are regularly reviewed by the chief operating decision-making body. The company concluded it has only one reportable segment related to power, as all activities revolve around the main business of manufacturing and sales of Electrical Transformers, CRGO, and other electrical accessories.
Ind AS 108 Compliance: The response specifically references Paragraph 11 of Ind AS 108 (Reportable Segments), which requires separate reporting only for operating segments that exceed quantitative thresholds. The company confirmed that for the year ended March 31, 2025, and the quarter ended June 30, 2025, the prescribed threshold limits were not exceeded for any work streams.
Conclusion: Based on this assessment, the company determined it had only one reportable segment in accordance with Ind AS 108 requirements for the quarter ended June 30, 2025, and therefore did not disclose separate segment information in the unaudited financial results for that quarter.
Regulatory Compliance Reference
The response demonstrates compliance with Indian Accounting Standards, specifically Ind AS 108 on Segment Reporting, and addresses the exchange's query regarding financial results disclosure requirements.
Request to Exchange
The company formally requested the National Stock Exchange to drop the query based on their detailed explanation, while offering to provide any additional information desired.
Topic Tags: Regulatory Response, Financial Results Clarification, Segment Reporting, Accounting Compliance, Ind AS 108