Maan Aluminium Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2025 ,inter alia, to consider and approve raising of funds
MAANALU · price
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Maan Aluminium Ltd has informed the stock exchanges that its Board of Directors will meet on Tuesday, November 4, 2025. The main agenda is to consider raising funds by issuing fresh equity shares or convertible warrants on a preferential basis, subject to regulatory and shareholder approvals. If the Board approves the proposal, the company may also convene an Extraordinary General Meeting or Postal Ballot to obtain shareholder consent. The trading window for dealing in the company's securities has been closed for promoters, directors, key managerial personnel and other designated persons until the financial results are announced.
A preferential issue of equity shares or convertible warrants will lead to dilution for existing shareholders once approved. Investors should closely watch the Board outcome on November 4 for details on issue size, pricing, and the identity of the allottee(s), as these will determine the short-term impact on the stock price.