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

The company has announced a board meeting on Friday, October 27, 2023, to approve the financial results for the quarter and half-year. The board will also consider a proposal to raise funds up to Rs. 500 Cr through a Preferential Issue of equity shares/warrants or other convertible securities. These funds are earmarked for general corporate purposes, working capital, and future business expansion, strengthening the company's financial position and supporting growth initiatives.