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Mangal Electrical Industries informs about statement of deviation or variation

15 May 2026 Evaluate

Mangal Electrical Industries has informed that the equity shares of the Company have been listed on BSE and National Stock Exchange of India with effect from August 28, 2025. Accordingly, pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 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 March 31, 2026 is enclosed as Annexure I, in the format as prescribed. 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Waaree Energies 2627.50
Apar Industries 17496.15
Havells India 1114.80
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Siemens 3960.90
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