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

Mahan Industries' Board approved increasing the Authorized Share Capital from ₹37.30 Cr to ₹50.00 Cr by creating 1.27 Cr new equity shares of ₹10 each. This move, requiring shareholder approval, aims to strengthen the company's financial structure for future growth. Additionally, the Board approved the appointment of Mr. Nishil Shah, experienced in financial analysis, and Mr. Niranjan Jain, a Chartered Accountant with 20+ years in finance, as Executive Directors. Mr. Jain holds 500 shares. These leadership appointments are also subject to shareholder approval via postal ballot, enhancing the company's management capabilities.