Maan Aluminium Limited has informed the Exchange about Utilisation of Funds
MAANALU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maan Aluminium Limited raised ₹8,319 Lakhs through a preferential issue of 59 lakh equity shares at ₹141 per share on January 16, 2026. The funds were allocated for three purposes: capital expenditure on aluminium extrusion projects (₹4,000 Lakhs), working capital requirements (₹2,800 Lakhs), and general corporate purposes (₹1,519 Lakhs). As of March 31, 2026, the company has utilized ₹4,559 Lakhs (55% of raised amount). Capital expenditure utilization stands at only ₹240 Lakhs (6% of its ₹4,000 Lakhs allocation), while working capital and general corporate purpose funds were fully deployed. The company has declared 'No' deviation in the regulatory filing.
Shareholders should note that while no formal deviation is reported, capital expenditure deployment is significantly delayed with ₹3,760 Lakhs still unused from the project allocation. This may indicate slower-than-expected project execution or funds temporarily deployed elsewhere. The stock may see neutral to slightly cautious reaction given the low capital spending pace.