FY26 Results: Profit Declines, Flags Raised on IPO Fund Use
Mangal Electrical Industries Ltd · 544492 · BSE ·
**Red Flag on IPO Funds:** A monitoring agency report highlighted significant under-utilization of IPO proceeds. Only 0.6% of the funds earmarked for capital expenditure (₹0.54 Cr out of ₹87.86 Cr) were used as of March 31, 2026. **Profitability Pressure:** Consolidated Profit Af…