Maan Aluminium Limited has appointed Mr. Karan Bhatia as an Independent Director and altered the object clause of its Memorandum of Association (MOA) following a postal ballot. The resolutions were passed with over 99.99% approval from shareholders, concluding the remote e-voting process on June 28, 2026. The changes aim to strengthen the company's governance structure and align its objectives with current business requirements.

The postal ballot process was scrutinized by Abhinav Agarwal of M/s A Abhinav & Associates. The remote e-voting facility was open from May 30, 2026, to June 28, 2026, with a record date of May 22, 2026, determining shareholder eligibility. A total of 32,063 shareholders were eligible to participate in the voting process. The votes were unblocked on June 29, 2026, in the presence of witnesses Archit Agarwal and Nancy Garg.

Voting Results

Both resolutions were passed as special resolutions with an overwhelming majority. The table below details the voting pattern for the two proposals:

Key Resolutions

The first resolution sought the appointment of Mr. Karan Bhatia (DIN: 11633574) as an Independent Director. The second resolution proposed the alteration, specifically the substitution, of the object clause of the MOA of the company. The promoter and promoter group were not interested in either agenda item.

Chairman and Managing Director Ravinder Nath Jain declared the resolutions passed with the requisite majority based on the scrutinizer's report. The company submitted the voting results to the Bombay Stock Exchange Limited and The National Stock Exchange of India Limited in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Maan Aluminium Ltd has confirmed that shares held by its promoters and members of the promoter group remain free of any encumbrances for the financial year ended March 31, 2026. The disclosure, filed on April 7, 2026, assures stakeholders that no shares have been pledged or otherwise encumbered during this period.

The company submitted the confirmation to the Bombay Stock Exchange Limited and The National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires listed entities to disclose the status of share pledges held by promoters on an annual basis.

Disclosure Details

The filing explicitly states that the shares belonging to the promoters and the promoter group of Maan Aluminium Ltd have not been pledged. Furthermore, the company confirmed that these shares are entirely free and clear of all encumbrances as of the specified date.

The confirmation was signed by Priti Jain, bearing DIN 01007557, on behalf of Maan Aluminium Ltd. The document was addressed to the corporate services departments of both major stock exchanges to update their official records.