Maan Aluminium Limited has announced the acquisition of office space in New Delhi to facilitate the expansion of its back office services. The company has purchased flats on a leasehold basis situated at Flat No. 309 & 310, 3rd Floor, Surya Kiran Building, 19, Kasturba Gandhi Marg, New Delhi 110001. The disclosure was made on May 20, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Acquisition Details

The property acquisition involves a total expenditure of ₹7.24 crore, excluding stamp duty and other associated charges. The office space provides a carpet area measuring approximately 2210 sq. feet. This strategic purchase is intended to support the company's plans for expanding its back office operations.

Property Specifications

The following table outlines the key details of the property acquired:

Maan Aluminium Limited has officially notified stock exchanges that it does not fall under the category of Large Corporate as defined by SEBI's borrowing framework. The company submitted its disclosure to BSE and NSE on April 30, 2026, confirming its non-applicability status under the regulatory requirements.

SEBI Large Corporate Framework Disclosure

The company's disclosure relates to SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which governs the raising of funds by Large Corporate entities through debt securities issuance. Under this framework, companies meeting specific criteria are required to comply with enhanced disclosure and borrowing requirements.

Credit Rating and Financial Standing

Maan Aluminium Limited maintains a BBB+ (Stable) credit rating, which was reaffirmed by ICRA Ltd. during the previous financial year. This rating reflects the company's creditworthiness and financial stability, though it does not trigger the Large Corporate classification under SEBI's framework.

Regulatory Compliance Communication

The disclosure was signed by Sandeep Kumar Agarwal, Company Secretary and Compliance Officer, and submitted to both major stock exchanges. The communication confirms that the company has assessed its status against the applicability criteria specified in the SEBI circular and determined that it does not meet the Large Corporate threshold.

Company Operations

Maan Aluminium Limited operates from multiple locations, with its registered office in New Delhi and manufacturing facilities in Pithampur, Madhya Pradesh. The company's works are located at Plot No. 67 & 75, Sector-I, Pithampur-454775, while maintaining its corporate office at Building No. 4/5, 1st Floor, Asaf Ali Road, New Delhi.

This disclosure ensures transparency with regulatory authorities and investors regarding the company's compliance status under SEBI's Large Corporate borrowing framework, confirming its exemption from the enhanced requirements as of March 31, 2026.