Mahan Industries Ltd — Important, 01-01-1970: Company Update

An open offer has been announced for Mahan Industries Limited. Acquirers Mr. Nishil Sanjaykumar Shah and Mr. Niranjankumar Navratanmal Jain plan to acquire 20,02,000 equity shares, representing 26% of the company’s total expanded voting share capital. The offer price is Rs. 12 per equity share. This provides existing shareholders an opportunity to tender their shares and signals a potential shift in the company's ownership structure.