Statement of deviation(s) or variation(s) under Reg. 32

02-11- 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 Dear Sir/Madam, Sub: Statement of deviation(s) or variation(s) for the quarter ended September 30, 2026 under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). The equity shares of the Company have been listed on BSE Limited and National Stock Exchange of India Limited w.e.f. August 28, 2025. Accordingly, pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Statement confirming no deviation or variation in the utilization of proceeds raised through issuance of equity shares by way of Initial Public Offer (‘IPO’) for quarter ended September 30, 2026 is enclosed herein as Annexure I, in the format as prescribed. This is for your information and appropriate dissemination. Thanking you, Yours faithfully, for Mangal Electrical Industries Limited Naresh Kumar Sharma Company Secretary and Compliance Officer Membership No. A12005 Encl.: as above Annexure I Statement on deviation or variation for proceeds of Public Issue Statement on deviation / variation in utilisation of funds raised Name of listed entity Mangal Electrical Industries Limited Mode of Fund Raising Public Issue- Initial Public Offer(IPO) Date of Raising Funds August 25, 2025 Amount Raised (Rs. in Lakhs) 40,000 (Fresh Issue) Report filed for Quarter ended September 30, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms - of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval - Explanation for the Deviation / Variation - Comments of the Audit Committee after review - Comments of the auditors, if any - Objects for which funds have been raised and where there has been a deviation, in the following table Original Modified Original Modified Funds Amount of Remarks if Object Object, if any Allocation allocation, if Utilised Deviation/Variation any any for the quarter according to applicable object Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. Thanking you, Yours faithfully, for Mangal Electrical Industries Limited Naresh Kumar Sharma Company Secretary & Compliance Officer Membership No. A12005