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

Mahan Industries' board has approved a significant increase in its Authorized Share Capital from ₹37.30 Crore to ₹50.00 Crore, enabling the creation of 1.27 Crore new equity shares. This expansion provides flexibility for future capital needs. Additionally, the board approved the appointments of Mr. Nishil Shah and Mr. Niranjan Jain as Executive Directors, following RBI approval. Mr. Shah brings expertise in financial analysis and investment management, while Mr. Jain, a Chartered Accountant, adds over 20 years of experience in finance, taxation, and strategic management. These decisions, aimed at strengthening governance and future growth, await shareholder approval via postal ballot.