Maan Aluminium Limited has informed the Exchange regarding Resignation of Mr Sandeep Kumar Agarwal as Chief Financial Officer of the company w.e.f. August 12, 2025.
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Maan Aluminium reported Q1 FY26 (quarter ended June 30, 2025) results with revenue from operations of ₹21,119 lakhs, up about 19% from ₹17,678 lakhs in the same quarter last year, but net profit fell to ₹273 lakhs from ₹339 lakhs, with EPS at ₹0.50 versus ₹0.63. Total income for the quarter stood at around ₹21,318 lakhs, and other income was modest at ₹199 lakhs. The board accepted the resignation of Mr. Sandeep Kumar Agarwal as Chief Financial Officer effective August 12, 2025; he will continue as Company Secretary. Mr. Umesh Chandra Pant, a CMA with over 12 years of experience in corporate, project, and treasury finance, was appointed as the new CFO on the same date. The 22nd Annual General Meeting was scheduled for September 23, 2025, to be held via video conference.
A drop in net profit despite higher revenue signals margin pressure, which may worry short-term investors, while the smooth CFO transition to a qualified finance professional should limit governance concerns. The continued role of the outgoing CFO as Company Secretary suggests an orderly handover rather than any major disruption.