Mangal Compusolution Ltd: Key Updates from Recent Board Meeting
In a series of strategic decisions, Mangal Compusolution Ltd, a prominent player in the IT hardware solutions sector, has announced several key developments following its board meeting on August 20, 2025. The company, listed on the Bombay Stock Exchange, continues to serve its clients in India by renting and selling a wide range of IT hardware equipment, including servers, laptops, desktops, and more.
Annual General Meeting and Dividend Details
The board has set September 9, 2025, as the record date for the upcoming Annual General Meeting (AGM) and dividend distribution. This decision aligns with the company’s commitment to transparency and shareholder engagement. Additionally, the AGM is scheduled for Wednesday, September 17, 2025, with the draft notice approved and a final notice to be uploaded soon. These steps are in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, ensuring that all procedural requirements are met.
Appointment of Statutory Auditor
In another significant move, the board has appointed a new Statutory Auditor for the company. This appointment is crucial for maintaining the integrity and accuracy of the company’s financial reporting. The details of the appointment will be shared with stakeholders in due course, reinforcing Mangal Compusolution’s dedication to robust governance practices.
Market Performance and Financial Overview
As of August 18, 2025, Mangal Compusolution’s stock closed at INR 59.5, reflecting a steady performance within the 52-week range of INR 34.05 to INR 63.95. The company’s market capitalization stands at INR 809,557,000, with a price-to-earnings ratio of 14.69136. These figures highlight the company’s stable financial position and its potential for growth in the competitive IT hardware market.
Conclusion
Mangal Compusolution Ltd continues to focus on strategic growth and shareholder value. With the upcoming AGM and the appointment of a new Statutory Auditor, the company is poised to strengthen its market position and enhance its service offerings. Stakeholders can look forward to further updates as the company progresses through these pivotal developments.