As per Attachment
Awaiting price reaction for this filing.
The board of Mahan Industries Limited, at its meeting on November 5, 2025, approved raising the company's authorized share capital from ₹37.30 crore (3.73 crore equity shares of ₹10 each) to ₹50 crore (5 crore equity shares of ₹10 each), creating room for 1.27 crore new equity shares. This requires amending the Memorandum of Association and shareholder approval. The board also appointed Mr. Nishil Shah and Mr. Niranjan Jain as Additional Directors in the Executive category, both with prior RBI approval dated July 25, 2025. Mr. Shah is a CFA with 3+ years of experience in financial analysis, while Mr. Jain is a Chartered Accountant with over 20 years of experience in finance, taxation, and corporate governance. A Postal Ballot Notice was approved to seek shareholder approval for these items, with the cut-off date set as October 31, 2025.
The authorized capital increase does not mean an immediate equity issuance — it simply creates headroom for future fundraising, potentially dilutive if shares are eventually issued. The two new executive director appointments, with RBI approval, strengthen the leadership team and may signal upcoming business expansion. Shareholders will vote on these matters via postal ballot.