Mangal Electrical Industries MD, chairman, board of directors and AGM
NSE: MEILBSE: 544492Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹256.10.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹674 Cr1,604th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 6 Aug 2026
- 14.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 May 2026
- 1.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record. The filing of 6 Aug 2026
- 8.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 6 Aug 2026
- 10.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 13 May 2026
- 0.08
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 2,30,20915.7% delivered
Mangal Electrical Industries board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorRahul MangalRelated to the promoter
- Company Secretary and Compliance OfficerNARESH KUMAR SHARMA
10 directors5 independent4 executive1 non-executive
- Rahul Mangal · Chairperson and managing directorExecutive · joined Apr 2008 · reappointed Sep 2024 · 2 listed boards · 1 committee seat
- Ashish MangalNon-executive · joined Apr 2008 · reappointed Sep 2024 · 2 listed boards · 2 committee seats, 1 as chair
- Sumer Singh PuniaExecutive · joined Mar 2019 · reappointed Mar 2019 · 2 listed boards
- Ompal SharmaExecutive · joined Sep 2019 · reappointed Sep 2019 · 1 listed board
- Aniketa MangalExecutive · joined Sep 2022 · reappointed Sep 2024 · 1 listed board · 1 committee seat
- Ram Karan AameriaIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent
- Sandeep PurohitIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent
- Manoj MaheshwariIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 2 listed boards · 2 as independent
- Apaar KasliwalIndependent · joined Sep 2024 · reappointed Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Neha RathiIndependent · joined Jul 2026 · reappointed Aug 2026 · 2 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Tanvi Surana, left 18 Sep 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 16 Sep 20268 of 11 present5 independent · 48 days in between
- 29 Jul 20268 of 11 present4 independent · 76 days in between
- 13 May 20268 of 10 present4 independent
Audit Committee
Chair Apaar Kasliwal
Ashish Mangal, Neha Rathi
- 16 Sep 20263 of 3 present2 independent · 48 days in between
- 29 Jul 20263 of 3 present2 independent · 76 days in between
- 13 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Manoj Maheshwari
Ashish Mangal, Neha Rathi
- 16 Sep 20263 of 3 present2 independent · 49 days in between
- 28 Jul 20262 of 3 present1 independent · 75 days in between
- 13 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Ashish Mangal
Aniketa Mangal, Neha Rathi
- 28 Jul 20262 of 3 present0 independent
Corporate Social Responsibility Committee
Chair Aniketa Mangal
Ashish Mangal, Sandeep Purohit
- 13 May 20263 of 3 present1 independent
EXECUTIVE AND FINANCE COMMITTEE
Chair Rahul Mangal
Ashish Mangal, Aniketa Mangal
No meeting listed in the filing.
Executive & Finance
- 20 Sep 20263 of 3 present0 independent
- 6 Aug 20263 of 3 present0 independent
- 20 Jun 20263 of 3 present0 independent · 11 days in between
- 8 Jun 20263 of 3 present0 independent
3 earlier meetings
- 23 May 20263 of 3 present0 independent
- 5 May 20263 of 3 present0 independent · 26 days in between
- 8 Apr 20263 of 3 present0 independent
Independent Directors
- 30 Jun 20265 of 5 present5 independent · 47 days in between
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- A Bafna & CoPeer-review certificate valid to Apr 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Mangal Electrical Industries AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mangal Electrical Industries share news and announcements
Annual general meeting, 26 Aug 2026
54,017 shareholders on the register on 17 Aug 2026; present: 5 promoters and 68 others; votes counted by NEHA MATHUR / NEHA MATHUR & ASSOCIATES.The company's voting result (opens in a new tab)
- To adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 35.89%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
- To re-appoint Mr. Ashish Mangal as a Director liable to retire by rotation and who has offered himself for re-appointment.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 40.81%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
- To re-appoint Mr. Sumer Singh Punia as a Director liable to retire by rotation and who has offered himself for re-appointment.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 40.52%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
- To ratify the remuneration payable to M/s Maharwal & Associates, Cost Auditors, for the financial year 2026-27.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 36.10%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
To appoint M/s SKMG & Co., Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five consecutive financial years commencing 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.MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 36.53%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
- To adopt and implement the Mangal Electrical Industries Limited – Employee Stock Option Plan 2025, involving options convertible into up to 15,00,000 equity sharesSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 36.32%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
- To extend the benefits of MEIL ESOP 2025 to eligible employees and directors of the holding, subsidiary, associate and group companiesSpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 37.23%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
- To appoint Ms. Neha Rathi as an Independent Director of the Company for a term of five consecutive years from July 29, 2026 to July 28, 2031.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 40.25%
Turnout: all 77.72% · promoters 100.00% · institutions 56.34% · other public 0.23%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesAug 2025, checked by Care Ratings Limited | 400.00 | – | – | No |