Maan Aluminium Limited has informed the Exchange regarding Notice of Postal Ballot
MAANALU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maan Aluminium Limited has issued a Postal Ballot Notice seeking shareholder approval for two special resolutions. First, the appointment of Mr. Karan Bhatia (DIN: 11633574) as an Independent Director for a five-year term from April 1, 2026 to March 31, 2031. Mr. Bhatia, aged 72, brings over 50 years of experience in the Indian film distribution sector, currently leading JB Pictures with a portfolio of over 600 films distributed across India. Second, the company seeks to alter its Object Clause by adding Clause 3A to include power generation, transmission, and distribution business. The company already has a Solar Power plant for captive use and proposes to expand into electricity and energy business for captive use and commercial purposes. Voting runs from May 30, 2026 to June 28, 2026, with results expected by June 30, 2026.
The appointment brings an experienced director to the board, while the MOA alteration signals strategic diversification into power and energy business, potentially opening new revenue streams beyond aluminum extrusion manufacturing.