Mangalam Industrial Finance Limited (MIFL) has announced its un-audited financial results for the second quarter and half-year ended September 30, 2026. The company reported a net loss of ₹550.96 lakh for the quarter, compared to a profit of ₹40.81 lakh in the same period last year. Additionally, the Board of Directors approved the appointment of Mr. Vishal Manharbhai Shah as an Additional Non-Executive Independent Director.
Financial Performance for Q2 and H1 FY27
Mangalam Industrial Finance Limited (MIFL) has disclosed its un-audited financial results for the second quarter and the half-year ended September 30, 2026. The results were recommended by the Audit Committee and approved by the Board of Directors.
Quarterly Results
For the quarter ended September 30, 2026, the company reported a total revenue from operations of ₹3.19 lakh. The total expenses incurred amounted to ₹851.79 lakh, resulting in a net loss before tax of ₹550.96 lakh. The comprehensive loss for the period stood at ₹550.96 lakh.
Half-Yearly Results
For the half-year ended September 30, 2026, MIFL’s total revenue from operations was ₹151.77 lakh. Total expenses for the period were ₹228.89 lakh, leading to a profit before tax of ₹172.88 lakh. The net profit for the period, after considering other comprehensive income, was also ₹128.06 lakh.
Appointment of New Director
The Board of Directors also approved the appointment of Mr. Vishal Manharbhai Shah (DIN: 11155812) as an Additional Director in the category of Non-Executive Independent Director. This appointment is effective from November 6, 2026, for a period of five consecutive years, subject to shareholder approval. Mr. Shah is a Practising Cost Accountant with extensive expertise in cost and management accounting.
Other Matters
The company also resolved to file an application with the Registrar of Companies (ROC) seeking an extension of one month for holding the 43rd Annual General Meeting for the financial year 2025-26.
The unaudited financial results have undergone a limited review by the statutory auditors, Arun Ratnawat & Associates.
Source: BSE
