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Mangalam Cement Proposes Re-appointment of WTD Anshuman Vikram Jalan for 3 Years
Mangalam Cement Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Shri Anshuman Vikram Jalan as Whole-Time Director. The proposed term is for three years, effective from April 1, 2026, to March 31, 2029. The remuneration package includes a starting basic salary of ₹18.50 lakh per month and a special allowance of ₹15.50 lakh per month, with provisions for annual increments. Shareholders are invited to vote on this special resolution via e-voting, which concludes on April 5, 2026.
Key Highlights
Re-appointment of Shri Anshuman Vikram Jalan as Whole-Time Director for a 3-year term starting April 2026.
Proposed basic salary of ₹18.50 lakh per month, with a maximum cap of ₹28.00 lakh per month.
Special allowance of ₹15.50 lakh per month, with a maximum cap of ₹20.00 lakh per month.
Entitled to a commission not exceeding 1% of the net profits of the company.
E-voting period ends on April 5, 2026, with results to be announced by April 7, 2026.
💼 Action for Investors
Investors should evaluate the proposed executive compensation package against the company's historical profit growth and industry standards. While leadership continuity is positive, the significant fixed salary component requires monitoring of future performance.
Mangalam Cement Q3 PAT Jumps 45% YoY to ₹11.35 Cr; Revenue Dips 3.9%
Mangalam Cement reported a strong 45.3% YoY growth in Net Profit for Q3 FY26, reaching ₹11.35 crore, despite a 3.9% decline in revenue to ₹421.39 crore. The 9-month performance is particularly robust, with PAT surging 126% YoY to ₹63.72 crore, driven by better operational efficiencies. The company also re-appointed Shri Anshuman Vikram Jalan as Whole-time Director for a three-year term starting April 2026. An exceptional item of ₹1.03 crore was recorded during the quarter due to the implementation of new Labour Codes.
Key Highlights
Net Profit for Q3 FY26 rose 45.3% YoY to ₹1,135.11 lakhs from ₹781.07 lakhs in the previous year.
Revenue from operations decreased by 3.9% YoY to ₹42,138.68 lakhs in the December quarter.
9-month FY26 Net Profit witnessed a massive 126% jump to ₹6,371.57 lakhs compared to ₹2,815.44 lakhs in the prior year period.
Board approved the re-appointment of Chairman Anshuman Vikram Jalan as Whole-time Director for a 3-year term.
Exceptional charge of ₹102.93 lakhs recognized as past service cost following the enforcement of new Labour Codes.
💼 Action for Investors
Investors should take note of the significant margin expansion and the strong 9-month profit trajectory which suggests improved operational efficiency. While the quarterly revenue dip is a minor concern, the overall bottom-line growth remains a positive signal for the stock.
Rajasthan Govt Rejects Mangalam Cement's Bid for 408-Hectare Limestone Block
The Government of Rajasthan has rejected Mangalam Cement's bid for a mining lease covering 408.2974 hectares in Kota, despite the company being the preferred bidder. The rejection is based on the final price offer of 35.05% being deemed lower than bids for similar blocks in the region. The company had complied with all procedural requirements, including the upfront payment. Mangalam Cement is currently evaluating legal recourse and future actions to address this setback.
Key Highlights
Rejection of mining lease for Nimana Duniya Extension Block spanning 408.2974 hectares.
Company's highest final price offer of 35.05% was rejected as comparatively lower than regional benchmarks.
The company had been declared the Preferred Bidder earlier on July 8, 2025.
Management is exploring legal recourse to contest the Government of Rajasthan's order dated December 31, 2025.
💼 Action for Investors
Monitor the outcome of potential legal challenges as this impacts the company's long-term raw material security. The rejection could lead to higher procurement costs or delayed expansion if alternative reserves are not secured.