Mahan Industries Ltd

AGM Details

• AGM held on 28 September 2026 from 3:00 PM to 4:00 PM.
• Mode: in-person at registered office with remote e-voting.
• Record date: 21 September 2026.
• Attendance: 31 shareholders attended in person or by proxy.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Standalone Financial Statements for year ended March 31, 2026.
• Resolution 2 (Ordinary): Reappoint Yogendra Gupta Prabhudayal as director.
• Resolution 3 (Special): Approve limits under Section 180(1)(c) of the Companies Act, 2013.
• Resolution 4 (Special): Approve limits under Section 180(1)(a) of the Companies Act, 2013.
• Resolution 5 (Special): Regularize Ms. Riddhi Hardishkumar Shah as Non-Executive Independent Director.

Voting Results

• Resolution 1: Passed; 11,46,902 in favour, 1 against.
• Resolution 2: Passed; 11,46,902 in favour, 1 against.
• Resolution 3: Passed; 11,46,902 in favour, 1 against.
• Resolution 4: Passed; 11,46,902 in favour, 1 against.
• Resolution 5: Passed; 11,46,902 in favour, 1 against.

Dividend

• No dividend proposed or declared.

Director Changes

• Reappointment by rotation: Yogendra Gupta Prabhudayal.
• Independent director: Ms. Riddhi Hardishkumar Shah Regularized.

Material Related Party Transactions

• No material RPTs disclosed.

Other Material Approvals

• No additional material approvals disclosed.

MAHAN INDUSTRIES LIMITED — Trading window closed from 1 October 2026 till 48 hours after the declaration of Financial Results for the Quarter and Half Year ended 30 September 2026

AGM Details

• 32nd AGM held on 28 September 2026 at 3:00 PM at the registered office, Ahmedabad.
• AGM concluded at 4:00 PM with quorum; business transacted as per notice.
• Remote e-voting facilitated; cut-off date 21 September 2026; results to be declared.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Reappointment of Yogendrakumar Gupta Prabhudayal on rotation.
• Special: Approve limits under Section 180(1)(c) of Companies Act, 2013.
• Special: Approve limits under Section 180(1)(a) of Companies Act, 2013.
• Special: Regularize Ms. Riddhi Hardishkumar Shah as Non-Executive Independent Director.

Voting Results

• Adoption of Audited Financial Statements — Passed.
• Director reappointment by rotation — Passed.
• Approval of Section 180(1)(c) limits — Passed.
• Approval of Section 180(1)(a) limits — Passed.
• Regularization of Ms. Riddhi Shah as NED — Passed.

Director Changes

• Director retiring by rotation: Yogendrakumar Gupta Prabhudayal.
• Ms. Riddhi Shah Regularized as Non-Executive Independent Director.

Clarification on price movement

• Regulation 30 compliance confirmed; timely disclosures maintained for all material information.
• No undisclosed material information or pending announcements; no bearing on price behavior.
• Price movement considered market-driven, not connected to company actions.
• Commitment to governance; will inform exchanges of any material events.

Committee changes

• Board changed committee compositions under Regulation 30 of SEBI LODR.
• Nomination and Remuneration Committee now includes Ms. Riddhi Hardishkumar Shah as member.
• Mr. Yash Kamleshkumar Shah was replaced by Ms. Riddhi Hardishkumar Shah.
• Audit Committee composition unchanged.
• Stakeholders Relationship Committee composition unchanged.
• Date of change: 25-08-2026.

Appointment of Independent Director

• Appointed Riddhi Shah as Additional Non-Executive Independent Director for 2026–31 term, subject to member approval via Special Resolution.

Committee Changes

• Reconstituted Audit, Nomination & Remuneration, and Stakeholders' Relationship Committees effective 25 Aug 2026.
• Cessation of Yash Kamleshbhai Shah from committees effective 08 Aug 2026.

Financial results

• Standalone unaudited quarterly results for June 30, 2026 approved with Limited Review Report.

Director changes

• Resignation of Non-Executive Independent Director Yash Kamleshkumar Shah effective August 8, 2026.
• Regulatory disclosure submitted to stock exchange on August 8, 2026.

Resolutions

• Resolution 1: Special; issue up to 32,00,000 equity shares at Rs 12 per share.
• Resolution 2: Special; issue up to 2,16,55,216 fully convertible warrants at Rs 12.
• Promoter group not interested in either resolution.

Voting outcome

• Resolution 1 approved; 900,244 votes for, 0 against.
• Resolution 2 approved; 900,244 votes for, 0 against.

Shareholding impact

• Capital raise will expand share capital; post-issue ownership not disclosed.

Board/management

• No board or key management changes disclosed.

Use of funds / objects

• Use of proceeds not disclosed.

Other governance

• Record date 08-08-2026; EGM held 15-08-2026.