In this paper, we establish a Mellin version of the classical Parseval formula of Fourier analysis in the case of Mellin bandlimited functions, and its equivalence with the exponential sampling formula (ESF)of signal analysis, in which the samples are not equally spaced apart as in the classical Shannon theorem, but exponentially spaced. Two quite different examples are given illustrating the truncation error in the ESF. We employ Mellin transform methods for square-integrable functions.