Mahan Industries Ltd — Important, 05-11-2025: Company Update

The Board has approved an increase in the company's Authorized Share Capital from ₹37.30 Cr to ₹50 Cr, creating 1.27 Cr new Equity Shares of ₹10 each. This move expands the company's capacity for future capital raising. Additionally, Mr. Nishil Shah, a CFA Level 1 with 3+ years in finance, and Mr. Niranjan Jain, a Chartered Accountant with over 20 years of financial expertise, have been appointed as Executive Directors. These appointments strengthen the leadership team. All these changes are subject to shareholder approval via postal ballot.