Mahan Industries Ltd — Important, 16-07-2026: Company Update

Mahan Industries' Committee of Independent Directors considered and assented to a strategic capital raise. The company will issue up to 32 lakh equity shares via preferential allotment at ₹12 each, raising ₹3.84 crore. This move will result in a change of control, triggering an open offer, and classifying the new acquirers as promoters. Additionally, Mahan plans to issue up to 2.16 crore convertible warrants at ₹12 each, raising ₹25.98 crore from promoters and other investors. This capital infusion and leadership change aim to bolster the company's financials and future strategy.