INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol MAL
MSEI Symbol NOTLISTED
ISIN INE00C401011
Name of Company MANGALAM ALLOYS LIMITED
Type of company SME
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Iron and Steel Products
Start date and time of board meeting 29-05-2026   16:00:00
End date and time of board meeting 29-05-2026   17:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 04-10-2023
Indicate Company website link for updated RPT policy of the Company www.mangalamalloys.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Disclosure for default on Loans and Debt Securities is not applicable to the entity


Financial Results — Other than Bank

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Revenue From Operations
Revenue from operations 21,913.07 43,791.11
Other income 323.62 340.02
Total Income 22,236.69 44,131.13
2 Expenses
(a) Cost of materials consumed 17,808.28 39,460.28
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,211.84) (6,463.85)
(d) Employee benefit expense 798.57 1,665.48
(e) Finance costs 1,750.96 3,005.08
(f) Depreciation and amortisation expense 386.28 767.28
(g) Other Expenses
1 Other Expenses 1,848.26 3,661.85
Total other expenses 1,848.26 3,661.85
Total expenses 21,380.51 42,096.12
3 Profit before exceptional and extraordinary items and tax 856.18 2,035.01
4 Exceptional items 0.00 0.00
5 Profit before extraordinary items and tax 856.18 2,035.01
6 Extraordinary items 19.36 19.36
7 Profit before tax 875.54 2,054.37
8 Tax Expense
Current tax 590.05 590.05
Deferred tax (5.99) (3.19)
Total tax expenses 584.06 586.86
9 Net Profit Loss for the period from continuing operations 291.48 1,467.51
10 Profit (loss) from discontinuing operations before tax 0.00 0.00
11 Tax expense of discontinuing operations 0.00 0.00
12 Net profit (loss) from discontinuing operation after tax 0.00 0.00
13 Profit (loss) for period before minority interest 291.48 1,467.51
14 Share of profit (loss) of associates
15 Profit (loss) of minority interest
16 Net profit (Loss) for the period 291.48 1,467.51
17 Details of equity share capital
Paid-up equity share capital 2,468.59 2,468.59
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 0.00
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.18 5.94
Diluted earnings (loss) per share from continuing and discontinued operations 1.18 5.94
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio
23 Disclosure of notes on financial results Textual Information(1)


Text Block

Textual Information(1) Notes to Financial Statements: 1.The Equity Shares of the company are listed on SME Stock Exchange as referred in Chapter XB of SEBI (Issue of Capital and Disclosure requirement) Regulation, 2009 and hence exempted from compulsory adoption on Ind AS for the preparation of Financial Statement vide Notification dated 16th February, 2015 issued by ministry of corporate affairs. 2.The above financial results of the company for the year ended March 31, 2026, have been reviewed and approved by the Audit Committee & taken on record by the Board of Directors at the Board Meeting held on May 29, 2026, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015. 3.The Financial results for the year ended March 31, 2026, were audited by the statutory auditor of the company. The statutory auditor has given an unmodified opinion. 4.The Financial Results have been prepared in accordance with the Accounting Standards as notified under Section 133 of the Companies Act 2013 (Act), read with relevant rules issued there under and other accounting principles generally accepted in India (Indian GAAP) as amended from time to time. 5. The Company does not have different segments and hence segment wise reporting is not applicable to the Company. 6.The Earning per Share (EPS) has been computed in accordance with the Accounting Standard on Earning per Share (AS 20) which requires the effect of bonus issue to be given till the earliest period reported. 7. The company is not having any subsidiary, associate or joint venuture, therefore, it has prepared only standalone results. 8. The Company had completed the Initial Public Offer (IPO) of 68,64,000: Equity shares of face value of Rs. 10 each at an issue price of Rs. 80 per equity share comprising offer for sale of 7,37,600 equity shares by selling shareholders and fresh issue of 61,26,400 shares during the Financial year 2023-24. The Equity Shares of the Company were listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE) on October 4,2023. As on balance sheet date 31.03.2026 the Net Proceeds from IPO of Rs. 4901.12 Lakhs has been utilised towards working capital requirement of Rs. 2700.00 Lakhs, Capital expenditure for business expansion and research and development of Rs. 40.13 Lakhs, general corporate purpose of Rs. 548.50 Lakhs, Rs. 443.44 Lakhs towards Issue Expenses and the balance Rs. 1169.05 Lakhs has been placed as deposits with NBFC's towards Capital Expenditure and General corporate purposes. (Amount in Lakhs) Particulars Amount raised through IPO Amount utilized till FY 2023-24 Amount utilized till FY 2024-25 Total amount utilized up to 31.03.25 Balance Lying as on 31.03.25 1 2 3 4 5 = (3+4) 6 = 2 5 Working Capital 2700.00 2700.00 0.00 2700.00 0.00 Capital Expenditure for business expansion and research and Development. 532.68 0.00 40.13 40.13 492.55 General Corporate Purposes; and 1225.00 523.5 25.00 548.50 676.50 Issue Expenses 443.44 443.44 0.00 443.44 0.00 Total 4901.12 3666.94 65.13 3732.07 1169.05 9. Provision for taxation/deferred taxation will be made at the year end. 10. The figure of the Corresponding previous year half yearl year has been regrouped / rearranged wherever considered necessary to make them comparable.


Remarks

20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect

Amount in (Lakhs)

A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 2,035.01
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 3,005.08
Adjustments for depreciation and amortisation expense 767.28
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.78
Adjustments for share-based payments 0.00
Other adjustments for which cash effects are investing or financing cash flow (235.90)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 19.36
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments to profit (loss) 3,555.04
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories (5,271.66)
Adjustments for decrease (increase) in trade receivables 1,251.26
Adjustments for decrease (increase) in other current assets (2,869.33)
Adjustments for increase (decrease) in trade payables 942.54
Adjustments for increase (decrease) in other current liabilities 622.18
Adjustments for provisions (23.82)
Total adjustments for working capital (5,348.83)
Total adjustments for reconcile profit (loss) (1,793.79)
Net cash flows from (used in) operations 241.22
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 606.80
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities before extraordinary items (365.58)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) operating activities (365.58)
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property plant and equipment (1,289.30)
Purchase of property plant and equipment 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Cash advances and loans made to other parties 0.04
Cash receipts from repayment of advances and loans made to other parties 0.04
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.78
Interest received 235.91
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (23.54)
Proceeds from government grants 0.00
Net cash flows from (used in) investing activities before extraordinary items (1,076.15)
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) investing activities (1,076.15)
Cash flows from used in financing activities
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,363.78
Repayments of borrowings 0.00
Dividends paid 0.00
Interest paid 3,005.08
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities before extraordinary items 1,358.70
Proceeds from extraordinary items 0.00
Payment for extraordinary items 0.00
Net cash flows from (used in) financing activities 1,358.70
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (83.03)
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (83.03)
Cash and cash equivalents cash flow statement at beginning of period 87.57
Cash and cash equivalents cash flow statement at end of period 4.54


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 2,468.59
Reserves and surplus 13,315.83
Money received against share warrants 0.00
Total shareholders' funds 15,784.42
2 Share application money pending allotment 0.00
3 Deferred government grants 0.00
4 Minority interest
5 Non-current liabilities
Long-term borrowings 10,255.72
Deferred tax liabilities (net) 979.57
Foreign currency monetary item translation difference liability account 0.00
Other long-term liabilities
1 Other long-term liabilities 0.00
Total of Other long-term liabilities 0.00
Long-term provisions 63.45
Total non-current liabilities 11,298.74
6 Current liabilities
Short-term borrowings 19,314.89
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 5,385.03
Total Trade payable 5,385.03
Other current liabilities
1 Other Current Liabilities 1,187.78
Total of Other long-term liabilities 1,187.78
Short-term provisions 393.48
Total current liabilities 26,281.18
Total equity and liabilities 53,364.34
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 6,158.29
Producing properties 0.00
Intangible assets 2,305.98
Preproducing properties 0.00
Property, Plant and Equipment capital work-in-progress 1,111.22
Intangible assets under development or work-in-progress 0.00
Total Property, Plant and Equipment and Intangible assets 9,575.49
ii Non-current investments 0.00
v Deferred tax assets (net) 0.00
vi Foreign currency monetary item translation difference asset account 0.00
vii Long-term loans and advances 11.06
Other non-current assets
1 Other non-current assets 70.08
Total of Other non-current assets 70.08
Total non-current assets 9,656.63
Current assets
Current investments 0.00
Inventories 24,206.19
Trade receivables 9,948.53
Cash and cash equivalents 389.28
Bank balance other than cash and cash equivalents 0.00
Short-term loans and advances 7,997.63
Other current assets
1 Other current assets 1,166.08
Total of Other current assets 1,166.08
Total current assets 43,707.71
Total assets 53,364.34
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block

Textual Information(1)


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Bhupendra J. Shah & Associates Yes 29-02-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 04-10-2023
Amount Raised 5,491.20
Report filed for Quarter ended 31-03-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
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 Not Applicable
Comments of the Audit Committee after review The Committee has noted that there is no deviation
Comments of the auditors, if any No Comment
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Working Capital Not Applicable 2,700.00 0.00 2,700.00 0.00
2 Capital Expansion for business expansion and research and development Not Applicable 532.68 0.00 40.13 0.00
3 General Corporate Purpose Not Applicable 1,225.00 0.00 548.50 0.00
4 Issue Expense Not Applicable 443.44 0.00 443.44 0.00


Signatory Details

Name of signatory Megha Tushar Mehta
Designation of person Director
Place Gandhinagar
Date 29-05-2026


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 MANGALAM ALLOYS LIMITED UNISON METALS LTD Associate Concern Sale of goods or services 0.88 NA 0.88 0.00 0.00 Any other 0 0 0
2 MANGALAM ALLOYS LIMITED CHANDANPANI PRIVATE LIMITED Associate Concern Sale of goods or services 2.72 NA 2.72 0.00 0.00 Any other 0 0 0
3 MANGALAM ALLOYS LIMITED CHANDANPANI PRIVATE LIMITED Associate Concern Purchase of goods or services 0.58 NA 0.58 0.00 0.00 Any other 0 0 0
4 MANGALAM ALLOYS LIMITED UNISON FORGINGS PVT LTD Associate Concern Sale of goods or services 78.13 NA 78.13 0.00 0.00 Any other 0 0 0
5 MANGALAM ALLOYS LIMITED TUSHAR MEHTA Director Remuneration 27.00 NA 27.00 0.00 0.00 Any other 0 0 0
6 MANGALAM ALLOYS LIMITED TUSHAR MEHTA Director Any other transaction Office Rent 3.60 NA 3.60 0.00 0.00 Any other 0 0 0
7 MANGALAM ALLOYS LIMITED MEGHA MEHTA CFO Remuneration 15.00 NA 15.00 0.00 0.00 Any other 0 0 0
8 MANGALAM ALLOYS LIMITED MEGHA MEHTA CFO Any other transaction Office Rent 3.60 NA 3.60 0.00 0.00 Any other 0 0 0
9 MANGALAM ALLOYS LIMITED PUSHPA MEHTA Director Any other transaction Guarantee and Commission 12.00 NA 12.00 0.00 0.00 Any other 0 0 0
10 MANGALAM ALLOYS LIMITED PUSHPA MEHTA Director Any other transaction Office Rent 4.20 NA 4.20 0.00 0.00 Any other 0 0 0
11 MANGALAM ALLOYS LIMITED TUSHAR MEHTA Director Loan 162.95 NA 162.95 0.00 0.00 Any other 0 0 0
12 MANGALAM ALLOYS LIMITED UTTAMCHAND MEHTA Promoter Loan 8.15 NA 8.15 0.00 0.00 Any other 0 0 0
13 MANGALAM ALLOYS LIMITED UNISON FORGINGS PVT LTD Associate Concern Inter-corporate deposit 1,155.00 NA 1,155.00 0.00 0.00 Any other 0 0 0
14 MANGALAM ALLOYS LIMITED UNISON FORGINGS PVT LTD Associate Concern Interest received 101.20 NA 101.20 0.00 0.00 Any other 0 0 0
15 MANGALAM ALLOYS LIMITED Meghjyoti Impex Private Limited Associate Concern Inter-corporate deposit 965.88 NA 965.88 0.00 0.00 Any other 0 0 0
16 MANGALAM ALLOYS LIMITED Meghjyoti Impex Private Limited Associate Concern Interest paid 20.64 NA 20.64 0.00 0.00 Any other 0 0 0
Total value of transaction during the reporting period 2,561.53