BSE Disclosure for Increase in Authorised Share Capital
Awaiting price reaction for this filing.
Mahan Industries Ltd's board, at its meeting on November 5, 2025, approved increasing the Authorised 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 additional shares. The Memorandum of Association will be amended accordingly, subject to shareholder approval. Additionally, with prior RBI approval (dated July 25, 2025), the board appointed Mr. Nishil Shah (CFA Level 1, ~3 years of corporate experience) and Mr. Niranjan Jain (Chartered Accountant with 20+ years in finance and governance) as Additional Executive Directors, subject to shareholder approval. A Postal Ballot Notice will be sent to shareholders (cut-off date October 31, 2025) to seek approvals for the capital increase and both director appointments.
The authorised capital hike creates room for a future fund raise, bonus issue, or stock split, but no specific action is announced yet. Adding two executive directors with finance and analytical expertise points to a likely NBFC/focused growth push — investors should watch the postal ballot outcome and any follow-up capital action.