Mangalam Alloys Limited, a prominent player in the steel and alloys manufacturing sector, has announced the appointment of M/s G R Shah & Associates as the Secretarial Auditor of the company, with immediate effect. This announcement was formally communicated to the National Stock Exchange of India Ltd. (NSE) via an official letter dated April 12, 2025.

This update has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and aligns with the SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates timely disclosure of such material events.

Regulatory Compliance Strengthened

The appointment of a Secretarial Auditor plays a crucial role in ensuring that the company remains compliant with various corporate governance standards, legal requirements, and the Companies Act. G R Shah & Associates, a well-known firm in the field of corporate auditing and compliance, brings deep experience in reviewing secretarial records, corporate policies, and statutory filings.

This step reinforces Mangalam Alloys’ commitment to:

• Maintaining high standards of transparency and accountability

• Upholding good governance practices

• Ensuring statutory compliance for shareholders and stakeholders alike

Details Submitted to Stock Exchange

As part of its regulatory obligations, Mangalam Alloys submitted all necessary documents, including Annexure II, which contains specific disclosures required for appointments under Regulation 30. The communication was signed by Tushar Uttamchand Mehta, Managing Director of the company (DIN: 00187046).

The company has requested the stock exchange to take the appointment on record, reflecting its promptness in fulfilling disclosure norms under SEBI.

About Mangalam Alloys Limited

Mangalam Alloys Limited (MAL) is listed on the National Stock Exchange (Symbol: MAL) and is a reputed manufacturer of stainless steel, alloys, and ferrous products. The company caters to a wide range of industries including engineering, construction, oil and gas, and infrastructure.

Over the years, MAL has established itself as a quality-focused and process-driven organization, constantly working towards aligning itself with international standards and regulatory frameworks. The appointment of G R Shah & Associates is a reflection of this continued dedication.

Importance of Secretarial Audits in Corporate Governance

Secretarial audits are vital for companies to verify:

• Compliance with legal frameworks

• Accuracy of corporate filings

• Adherence to board procedures and policies

By bringing G R Shah & Associates on board, Mangalam Alloys aims to enhance its internal oversight mechanisms and promote transparency in management affairs.

Conclusion

The appointment of M/s G R Shah & Associates as Secretarial Auditor is a strategic move by Mangalam Alloys Limited to ensure better corporate governance and adherence to evolving regulatory norms. The company continues to prioritise regulatory compliance, investor confidence, and ethical business practices, positioning itself as a responsible and growth-oriented listed entity.

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