Unconventional high-temperature superconductivity in MgB 2 :La 0:65 Sr 0:35 MnO 3 (MgB:LSMO) nanocomposite has been found recently [Phys. Rev. B 86, 10502 (2012)]. In this report, the symmetry of the nanocomposite superconducting order parameter and plausible pairing mechanisms have been studied by the point-contact Andreev-reflection (PCAR) spectroscopy. To clarify the experimental results obtained, we consider a model of a ferromagnetic superconductor, which assumes a coexistence of itinerant ferromagnetism and mixed-parity superconductivity. The Balian-Werthamer state, with quasiparticle gap topology of the same form as that of the ordinary s-wave state, fits the experimental data reasonably well. Utilizing the extended Eliashberg formalizm, we calculated the contribution of MgB 2 in the total composite's conductivity and estimated the magnitude of the electron-phonon effects originated from MgB 2 in I-V characteristics of the composite at above-gap energies. It was found that distinctive features observed in the PC spectra of the MgB:LSMO samples and conventionally attributed to the electron-phonon interaction cannot be related to the MgB 2 phonons. It is argued that the detected singularities may be a manifestation of the electron-spectrum renormalizations due to strong magnetoelastic (magnon-phonon) interaction in LSMO.