Revised outcome
Awaiting price reaction for this filing.
Mahan Industries has issued a revised outcome for its 4th Board Meeting of FY 2025-26, correcting an earlier error. The original communication dated September 6, 2025 had stated that the record date of Tuesday, September 23, 2025 was fixed for determining members eligible to receive the final dividend for FY 2024-25. The company has clarified that this was an inadvertent mistake, and the record date is actually for identifying members eligible to participate in e-voting for the 31st Annual General Meeting. The AGM is scheduled to be held on Tuesday, September 30, 2025. All other business items approved at the September 6, 2025 meeting remain unchanged.
This is a procedural correction and does not indicate any change in business fundamentals. The earlier mention of a final dividend for FY 2024-25 was an error, so no dividend-related event should be priced in by shareholders based on this filing. Investors should watch for a separate, actual final dividend announcement if one is intended.