BSE Disclosure for Appointment of Directors

Mahan Industries Ltd's board, which met on November 5, 2025, approved three key items. First, the company will increase its authorized share capital from ₹37.30 crore to ₹50 crore by creating 1.27 crore new equity shares of ₹10 each, a roughly 34% expansion. Second, the board appointed Mr. Nishil Shah as an Additional Executive Director; he holds a PG Diploma in Investment and Financial Analysis and is a CFA Level 1 with about 3 years of corporate experience. Third, the board appointed Mr. Niranjan Jain as an Additional Executive Director; he is a Chartered Accountant with over 20 years of experience in finance, taxation, audit, and corporate governance. Both appointments follow RBI approval dated July 25, 2025, suggesting Mahan Industries operates as an NBFC. A postal ballot notice was approved to seek shareholder consent for these items.