Maan Aluminium Limited's shareholders approved two special resolutions through a postal ballot conducted entirely via remote e-voting on 28 June 2026. The resolutions, recommended by the Board of Directors at its meeting held on 29 May 2026, covered the appointment of a new Independent Director and an amendment to the company's Memorandum of Association. The postal ballot notice was dispatched on 29 May 2026 to members whose names appeared in the Register of Members as on the cut-off date of Friday, 22 May 2026.

The e-voting facility, provided by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), was open from Saturday, 30 May 2026 at 09:00 a.m. IST to Sunday, 28 June 2026 at 5:00 p.m. IST. M/s. A Abhinav & Associates, Practicing Company Secretary, was appointed as Scrutinizer to oversee the process. Results were declared by Mr. Abhinav on 28 June 2026 and subsequently communicated to BSE Limited and National Stock Exchange of India Limited.

Resolution 1: Appointment of Independent Director

The first special resolution approved the appointment of Mr. Karan Bhatia (DIN: 11633574) as a Non-Executive Independent Director of the company. Mr. Bhatia was originally appointed as an Additional Director by the Board with effect from 1 April 2026, subject to shareholder approval. His term as Independent Director spans five consecutive years, from 1 April 2026 up to 31 March 2031, and he is not liable to retire by rotation. The appointment was based on the recommendation of the Board's Nomination and Remuneration Committee.

Mr. Karan Bhatia has submitted a declaration confirming he meets the independence criteria under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations. He has also confirmed that he is not disqualified from being appointed as a Director under Section 164 of the Act, is not debarred by any SEBI order, and has registered himself in the Independent Director's Data Bank maintained by the Indian Institute of Corporate Affairs. He will be entitled to sitting fees for attending Board and Committee meetings, as well as commission as determined by the Board within limits approved by members for Non-Executive Directors.

The voting results for Resolution 1 are summarised below:

Resolution 2: Alteration of MOA Object Clause

The second special resolution approved the alteration of the Object Clause of the company's Memorandum of Association. Specifically, the resolution added Clause No. 3A in Clause 3 of Clause III A of the Object clause. The Board of Directors had approved this alteration at its meeting held on 12 February 2026, subject to shareholder and regulatory approvals.

The proposed addition to the MOA reads: "To carry on, manage, supervise and control the business of transmitting, manufacturing, supplying, generating, distributing and dealing in electricity and all forms of energy and power generated by any source whether nuclear, steam, hydro or tidal, water, wind, solar, hydrocarbon fuel or any other form, kind or description for captive use or for business purpose along with all other business incidental and ancillary to this business of similar nature."

The company has established a Solar Power plant for captive use in support of its existing Aluminium Extrusion manufacturing operations. The MOA amendment is intended to formally encompass these energy-related activities within the company's object clause. The amendment is subject to the approval of the Registrar of Companies and such other applicable authorities.

The voting results for Resolution 2 are summarised below:

Key Highlights

• Both resolutions were classified as Special Resolutions with promoter/promoter group having no interest in either agenda item.
• Total votes polled across both resolutions stood at 29719038, representing 49.5442% of outstanding shares.
• 99.9976% of votes polled were cast in favour of each resolution, with only 724 votes against.
• The Scrutinizer's report and voting results were published on the company's website at www.maanaluminium.com and on the MUFG Intime India Private Limited platform at https://instavote.linkintime.co.in .
• Results were declared on 28 June 2026 from the company's registered office in New Delhi.

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.