Shareholders meeting

August 26, 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 Subject: Disclosures pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Madam, With reference to the 18th Annual General Meeting ("AGM") of the Company held on Wednesday, August 26, 2026 at 02:00 P.M. through Video Conferencing ("VC") or Other Audio Visual Means ("OAVM"), please find enclosed Summary of Proceedings of the AGM, as required under Regulation 30, read with Part A of Schedule III of the Listing Regulations as Annexure-I. The Company will submit the combined results of e-voting in compliance with Regulation 44 of the Listing Regulations, along with the Scrutinizer’s Report to the Stock Exchanges in due course. The meeting was concluded at 02.55 P.M. (including time allowed for e-voting at the AGM). The above information is also available on the Company's website at www.mangals.com. You are kindly requested to take the same on record. Thanking you, Yours faithfully, For Mangal Electrical Industries Limited Naresh Kumar Sharma Company Secretary & Compliance Officer Encl.: As above Annexure-I SUMMARY OF PROCEEDINGS OF THE 18TH ANNUAL GENERAL MEETING (AGM) The 18th Annual General Meeting (AGM) of the Members of Mangal Electrical Industries Limited ("the Company") 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 was conducted in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM was attended by the following Directors, Key Managerial Personnel, Auditors, Scrutinizer and other invitees through VC/OAVM: Directors 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 Scrutinizer and Auditors 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 Mr Rasik Mangal, Invitee Mr. Govind Saboo, Consultant – Investor Relations ,Invitee QUORUM OF THE MEETING The requisite quorum as required under Section 103 of the Companies Act, 2013 was present throughout the meeting. The Company Secretary welcomed the Shareholders to the 18th AGM and introduced the Directors, Key Managerial Personnel, Auditors, Scrutinizer and other invitees present at the Meeting. The Company Secretary also briefed the Members regarding participation in the Meeting through VC/OAVM. Mr. Rahul Mangal, Chairman & Managing Director, took the Chair and welcomed all the shareholders, Directors and invitees participating in the Meeting through VC/OAVM. The Chairman informed the Members that the Meeting was being conducted through VC/OAVM in accordance with the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. After ascertaining that the requisite quorum was present, the Chairman called the Meeting to order and commenced the proceedings. The Company Secretary informed the Members that the Company had provided the facility of remote e-voting through Bigshare Services Private Limited to enable Members to cast their votes electronically on the resolutions set out in the Notice of the AGM. The Company had also provided the facility of e-voting during the AGM to Members who had not cast their votes through remote e-voting. Members who had already cast their votes through remote e-voting were not entitled to vote again at the AGM. The Chairman welcomed the Members to the 18th AGM and highlighted that FY 2025-26 was an important year for the Company, being the first year following its listing on the Stock Exchanges. The Chairman further highlighted the Company's continued focus on strengthening its manufacturing capabilities, operational efficiency and sustainable long-term growth. The Chairman expressed his appreciation to the shareholders, customers, employees, lenders, business associates and other stakeholders for their continued trust and support. The Chairman invited Mr Aniketa Mangal, Executive Director to brief the key operational and financial developments during the FY 2025-26. Mr Aniketa Mangal addressed the shareholders and briefed on the key operational and financial highlights. The Company Secretary informed the Members that the Notice convening the 18th AGM along with the Annual Report for FY 2025-26 had been circulated to all Members. With the permission of the Members, the Notice of the 18th AGM, Board's Report, Audited Financial Statements and Auditors' Reports, along with the Corrigendum dated August 6, 2026, were taken as read. The Company Secretary further informed the Members that the Auditors' Reports did not contain any qualification, reservation, adverse remark or disclaimer requiring explanation at the Meeting. Agenda Items Thereafter, with the permission of the Chairman, the Company Secretary took up the resolutions as set forth in the Notice of the 18th AGM and briefly explained the purpose of each resolution. Item Business Item Resolution Type To adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, 1. Ordinary together with the Reports of the Board of Directors and Auditors thereon. To re-appoint Mr. Ashish Mangal as a Director liable to 2. retire by rotation and who has offered himself for re- Ordinary appointment. To re-appoint Mr. Sumer Singh Punia as a Director 3. liable to retire by rotation and who has offered himself Ordinary for re-appointment. To ratify the remuneration payable to M/s Maharwal & 4. Associates, Cost Auditors, for the financial year 2026- Ordinary To appoint M/s SKMG & Co., Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five consecutive financial years commencing 5. Ordinary from FY 2026-27 and ending with FY 2030-31, with remuneration to be determined by the Board of Directors in accordance with applicable laws. To adopt and implement the Mangal Electrical Industries Limited – Employee Stock Option Plan 6. Special 2025, involving options convertible into up to 15,00,000 equity shares. To extend the benefits of MEIL ESOP 2025 to eligible 7. employees and directors of the holding, subsidiary, Special associate and group companies. To appoint Ms. Neha Rathi as an Independent Director 8. of the Company for a term of five consecutive years Special from July 29, 2026 to July 28, 2031. Thereafter, the registered speaker Members were invited to raise their questions and comments. The queries raised by the Members were addressed by the Management. The Company Secretary informed the Members that Ms. Neha Mathur, Practicing Company Secretary, had been appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting conducted during the AGM in a fair and transparent manner. The Company Secretary further informed that the [Showing first 8,000 characters — download PDF for full document]