Outcome of Board Meeting

October 31, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400001, Maharashtra, India Mumbai - 400 051, Maharashtra, India Scrip Code: 544492 Symbol: MEIL Sub: Outcome of the 4th Meeting (FY 2026-27) of the Board of Directors of Mangal Electrical Industries Limited (“the Company”) Ref.: Regulations 30, 32 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulations 30, 32 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), this is to inform you that the Board of Directors of the Company at its meeting held today i.e. Saturday, October 31, 2026, has, inter alia, transacted the following business: • Approved the Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026, along with the Statement of Assets and Liabilities as at September 30, 2026 and the Statement of Cash Flows for the half year ended on that date, as reviewed by the Audit Committee, and took on record the Limited Review Report of the Statutory Auditors thereon, pursuant to Regulation 33 of the Listing Regulations. A copy of the same is enclosed herewith as “Annexure-A”. • Pursuant to Regulation 32 of the Listing Regulations, noted and took on record the Monitoring Agency Report issued by CARE Ratings Limited, Monitoring Agency, in respect of utilisation of proceeds raised through the Initial Public Offer of the Company for the quarter ended September 30, 2026, along with the Statement of Deviation(s)/Variation(s), if any, as reviewed by the Audit Committee. A copy of the Monitoring Agency Report is enclosed herewith as “Annexure-B”. The Board is informed that, pursuant to the recommendation of the Nomination and Remuneration Committee, it is proposed to designate Mr. Swathirajan Mulvadi Gomadam, Chief Operating Officer – CRGO, as Senior Management Personnel (SMP) of the Company, with effect from 31- 10-2026, in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details under regulation 30 is enclosed herewith as “Annexure-C”. Further, in terms of the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company’s Code of Conduct for Prohibition of Insider Trading, the trading window for dealing in securities of the Company shall open for the Designated Persons of the Company and their immediate relatives after 48 hours from the dissemination of this announcement. The above information is also being uploaded on the Company’s website at www.mangals.com. The meeting of the Board of Directors commenced at 12:00 Noon (IST) and concluded at 16:15 (IST). This is for your information and appropriate dissemination. Thanking you, Yours sincerely, for Mangal Electrical Industries Limited Naresh Kumar Sharma Company Secretary & Compliance Officer Membership No. A12005 Encl.: as above A Bafna & Co K-2 Keshav Path, Near Ahinsa Circle, C-Scheme, Jaipur-302001 Chartered Accountants INDIA Tel:(0141)-2372572,2375212 Limited Review Report on Unaudited Quarterly and Half Yearly Standalone Financial Results of Mangal Electrical Industries Limited (Formerly known as Mangal Elbctrical Industries Private Limited) pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors of Mangal Electrical Industries Limited, Wormerly known as Mangal Electrical Industries Private Limited) 1. We have reviewed the accompanying Statement of unaudited Standalone Financial Results of Mangal Electrical Industries Limited (Formerly known as Mangal Electrical Industries Private Limited) ('the Company’) for the Quarter and Half Year ended 30th September 2026, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. This Statement, which is the responsibility of the Company’s management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attentioh that causes us to believe that the accompanying Statement, prepared in accordance with appli9at?le accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material mlsstaternent. For A Bafna & Co Chartered Accountants FRN: O03660C FFIN ti Q£)35CICL' : :: R;jat Sharma) .tJ act, Partner M. No. 428792 UDIN: 26428792Q(,MNEU3530 Place: Jaipur Date: October 31, 2026 Be MANGAL ELECTRICAL INDUSTRIES LIMITED e (Formerly known as Mangal Electrical Industries Private Limited) PIANGAL CIN:-L3 1909RJ2008PLC026255 Statement of Assets & Liabilities as at September 30, 2026 (Amount in Lakhs) As at As at Particulars 30th September 2026 31st March 2026 1. ASS!':’ i'S (1) Non-Current Assets (a) Property, Plant and Equipment 7,818.49 6,941 .41 (b) Intangible Assets 25.7'7 18.61 (c) Intangible Asset Under Development 64.97 46.80 (d) Capital Work in progress 1 ,953.78 912.52 (e) Financial Assets (i) Other Financial Assets 3,529.07 5,772.27 (f) Other Non Current Assets 649. 15 212.43 (g) Deferred Tax Asset (Net) 624.41 722.3 1 Total Non Current Assets 14,665.64 14,626.35 (2) Current Assets (a) Inventories 25,148.13 19,204.74 (b) Financial Assets (i) Trade Receivables 22, 15 1.63 20,440.12 (ii) Cash and Cash Equivalents 0.67 579.40 (iii) Bank Balanca other then (ii) above 7,750.00 8,5 12.56 (iv) Other Financial Assets 321.69 429.25 (c) Other Current Assets 4,316.35 6,912.90 Total Current Assets 59,688.47 56,078.97 Total Assets 74354.1 1 70.705.32 H. EQUITY AND LIABILITIES (1) Equity (a) Equity Share capital 2,763.01 2,763.01 (b) Other Equity 58,079.87 56,273.64 Total Equity 60,842.88 59.036.65 (2) Liabilities (A) NonIurwnt Liabilities (a) Financial Liabilitis (i) Borrowings 342.49 201.28 (b) Provisions 182.99 219.28 Total Non Current Liabilities &5.48 W2 (B) Current Liabilities (a) Financial Liabilities (i) Borrowings 4,708.04 4,341.78 (ii) Trade Payables Due to Micro Enterprisn and Small Enterprises 173.09 217.30 Due to Others 6,475.94 4.064.78 (ii) Other Financial Liabilities 303.46 339.61 (b) Other Current Liabilitin 1 ,175.49 1 ,780.12 (c) Provisions 149.74 154.28 (d) Current Tax Liabilities 350.25 Total Current Liabilities 12,985.76 11,248.11 Total Equity and Liabilities BZJBggliliI O Material Accounting Policies The accompanying notes form an integral [Showing first 8,000 characters — download PDF for full document]