Mena Mani Industries Ltd

Mena Mani Industries Limited closes trading window from 1st October, 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter ended 30th September, 2026

Standalone financial snapshot

• Revenue from operations: 1653.70 Lakhs (FY25-26)
• Total income: 1662.20 Lakhs
• Net profit after tax: 17.02 Lakhs
• Earnings per share: 0.01 Rs
• Net worth: 1201.52 Lakhs
• Cash and cash equivalents: 330.54 Lakhs
• Dividend: not recommended for FY25-26

Consolidated performance

• Consolidated revenue: 1653.70 Lakhs
• Consolidated PAT: 17.02 Lakhs
• Consolidated cash: 346.10 Lakhs
• Consolidated net worth: 1440.22 Lakhs
• Acquisition of JKV Solutions Limited on 9 Mar 2026; 1,05,09,957 shares issued
• Excess of net assets over consideration: 2.3869 Crores capital reserve
• Consolidation includes JKV from acquisition date

Capital structure & equity actions

• Authorized share capital raised to Rs 31.50 Crore
• Issued and paid-up capital: Rs 1162.07 Lakhs
• Preferential allotments: cash Rs 53.50 Lakhs; non-cash Rs 105.10 Lakhs
• Total new shares issued: 1,58,59,957
• MOA altered to reflect new authorized capital

Governance & audit

• Board: MD Swetank M. Patel; Directors Hina S. Patel, Jayesh Pandya, Vijay Thaker
• MD re-appointed for 5 years; no remuneration
• Statutory auditors: M/s N. S. Nanavati & Co.
• Secretarial auditor: Chintan K. Patel
• Six board meetings held in FY25-26

Business developments & strategy

• Core business: Bio Diesel trading, construction, IT services
• MOA expanded to hotels, resorts, wellness, service apartments
• Initiatives: cost reduction; revenue-enhancement focus
• Outlook: competitive market; regulatory and tax dynamics

Acquisition & consolidation of JKV

• JKV acquisition completed 9 Mar 2026 via share swap
• 1,05,09,957 equity shares issued at Rs 8 per share
• Acquisition-date net assets Rs 10.79 Crore; capital reserve Rs 2.3869 Crore
• Consolidated from acquisition date; prior year not consolidated

Compliance, risk & related party

• Related party transactions disclosed; ordinary course
• FY2024-25 AR submission delay to exchange; fine Rs 44,000
• Whistle blower policy and insider trading compliance in place
• Independent Directors familiarisation program conducted

Other disclosures & governance

• Corporate governance certificates attached; AGMs via e-voting
• AGM scheduled for 30 Sep 2026; Green initiatives encouraged
• No deposits; CSR not triggered; compliance certificates filed

AGM Details

• Date and time: 30 September 2026 at 11:30 a.m. IST; venue in Ahmedabad.
• Mode: physical meeting at the registered office.
• Remote e-voting window: 27–29 September 2026; record date 23 September 2026.
• Share transfer books closed: 23–30 September 2026 (both days inclusive).

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Mrs. Hineben Swetank Patel by rotation.
• Special: Increase authorised share capital to Rs 31.50 crore.
• Special: Approve loan-to-equity conversion up to Rs 75 crore.
• Special: Re-appoint Managing Director for five years from 01/03/2026 to 28/02/2031.
• Special: Alter MOA object clause to include hotel and hospitality businesses.

MOA alteration details

• Board approved insertion of Clause III(A)(8) to MOA, subject to member approval.
• New object enables operation and management of hotels, resorts, clubs, restaurants, wellness facilities, and related hospitality services.
• Scope includes tie-ups with hotel chains in India and abroad.
• Comprehensive hospitality activities cover related services and entertainment facilities.
• Board meeting held 26 August 2026 from 5:00 PM to 6:30 PM.
• Alteration to MOA requires member/shareholder approval before becoming effective.
• No financial figures disclosed in connection with the MOA amendment.
• Change signifies governance and strategic expansion of business scope.
• Member approval required before effectiveness; subject to regulatory and statutory approvals.
• Board-approved action communicated to exchanges via filing.

Authorised capital increase

• Board approves increase in authorised share capital from Rs 16.50 crore to Rs 31.50 crore.
• New Clause V of MOA to reflect the increased authorised capital of Rs 31.50 crore.
• Increase subject to approval by shareholders at the General Meeting.
• Board meeting held on 26 August 2026 from 5:00 PM to 6:30 PM.
• New authorised share capital: Rs 31.50 crore comprising 31,50,00,000 equity shares of Re 1 each.

Authorized share capital increase

• Increase authorized capital to Rs 31.50 crore via 31,50,00,000 shares of Re 1, subject to GM approval.

MOA alteration to expand business scope

• Alter MOA to insert new Clause IIIA for hotels, resorts, wellness, and related services, subject to GM approval.

Meeting Details

• Date: August 26, 2026; Time: not disclosed; Location: Registered Office of the Company.

Key Agenda Items

• Increase in authorised share capital, subject to member approval.
• Insertion of Hotel Business into main object, subject to member approval.
• Any other agenda with permission of Chair.

Other Notes

• No trading window details or other material disclosures provided.

Transaction snapshot

• Target Company: Mena Mani Industries Limited.
• Disclosing Party: Ashoka Metcast Limited (not promoter group).
• PACs: Lesha Industries Limited; Shalin Ashok Shah; Ashok Chinubhai Shah; Leena Ashok Shah.
• Transaction Type: Disposal of 2,486,112 shares via open market sale.
• Pre-Transaction Holding: Ashoka Metcast Limited 12,500,000 shares (10.76%).
• Pre-Transaction Total: 12,904,330 shares (about 11.11% VR).
• Post-Transaction Holding: Ashoka Metcast Limited 10,013,888 shares (8.62%).
• Post-Transaction PACs: Lesha 130,900; Shalin 143,730; Ashok Chinubhai Shah 83,910; Leena Ashok Shah 45,790.
• Date(s) of Transaction: 20/06/2025 to 18/08/2026.
• Capital before: Rs 11,62,06,947; Capital after: Rs 11,62,06,947; Diluted capital: Rs 11,62,06,947.

Disposal details

• Target: Mena Mani Industries Limited.
• Disclosing Party: Akhil Retail Private Limited (non-promoter) with PACs.
• PACs: Mrudula Kumarpal Shah; Akhil Harshul Shah; Harshul Kumarpal Shah.
• Transaction: Open market sale of 3,209,424 shares.
• Pre-holdings: Akhil Retail 8,290,222 (7.13%); PACs 40,148 (0.03%).
• Post-holdings: Akhil Retail 5,080,798 (4.38%).
• PACs post-holdings: Mrudula Kumarpal Shah 40,148 (0.03%).
• Akhil Harshul Shah post-holdings: 11,500 (0.01%).
• Harshul Kumarpal Shah post-holdings: 0 (0%).
• Dates: 09/07/2026 to 17/08/2026.
• Capital before: Rs 11,62,06,947 (116,206,947 shares).
• Capital after: Rs 11,62,06,947 (116,206,947 shares).
• Total diluted capital after: Rs 11,62,06,947.