Mahan Industries Limited has postponed its board meeting to July 16, 2026, to consider proposals for raising funds. The meeting, originally scheduled for July 14, 2026, was delayed due to unavoidable circumstances. The board will evaluate raising capital through the issue of equity shares, convertible equity warrants, or other permissible methods to augment the company's financial resources.

The rescheduled meeting will be held on Thursday, July 16, 2026. The agenda includes the approval of fund-raising proposals subject to regulatory and statutory approvals, including potential shareholder approval. Any other business with the permission of the Chair may also be considered.

Key Meeting Information

Pursuant to an intimation dated June 30, 2026, the trading window for dealing in the company's securities remains closed for all insiders. This includes Designated Persons, their immediate relatives, and connected persons under the company's Code of Conduct.

The communication was signed by Shah Nishil Sanjaykumar, Executive Director of the company. Shareholders and market participants can await further disclosures following the conclusion of the board meeting for specific details regarding the fund-raising mechanism.

Mahan Industries Limited has announced significant changes in its leadership and approved its financial results for the second quarter of fiscal year 2026. The company's Board of Directors made these decisions during a meeting held on November 12, 2025. Additionally, shareholders have approved key resolutions through postal ballot voting concluded on December 15, 2025.

Leadership Changes and Director Appointments

The company disclosed the resignation of Mr. Sunil Prataprai Gurnani from the position of Chief Financial Officer (CFO), effective from the close of business hours on November 12, 2025. Mr. Gurnani cited personal reasons for his departure. The board has appointed Mr. Niranjan Jain as the new CFO, effective immediately.

Mr. Jain brings over 20 years of extensive experience to the role. He is a qualified Chartered Accountant with expertise in finance, accounting, taxation, audit, corporate governance, and strategic financial management. Throughout his career, Mr. Jain has been associated with various reputed organizations, playing key roles in financial planning, regulatory compliance, and business operations.

Following the CFO appointment, shareholders have now formally approved Mr. Niranjan Navratanmal Jain (DIN: 00282842) as a Director under the Executive category through postal ballot. Additionally, shareholders approved the appointment of Mr. Nishil Sanjaykumar Shah (DIN: 09165405) as an Executive Director.

Postal Ballot Results

The postal ballot voting process, conducted through remote e-voting from November 16 to December 15, 2025, saw strong shareholder participation. The voting results demonstrate overwhelming support for all proposed resolutions:

The company had 8,523 shareholders on record as of the cut-off date of October 31, 2025. M/s. GR Shah and Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process.

Financial Performance Highlights

The Board of Directors has approved the unaudited financial results for the quarter and half-year ended September 30, 2025. These results, prepared in accordance with IND AS, were reviewed by the Audit Committee before receiving board approval.

The company's financial performance for Q2 FY2026 shows significant growth trends:

The company has shown substantial growth in its revenue from operations, with significant increases both on quarterly and half-yearly basis compared to the previous fiscal year.

Corporate Governance and Compliance

Mahan Industries Limited has received a Limited Review Report from M/s. SDPM & Co., Chartered Accountants, the company's statutory auditors, on the unaudited financial results. The company has also prepared an Integrated Filing (Financial) for the quarter and half-year ended September 30, 2025, in compliance with SEBI and BSE circulars.

The postal ballot process was conducted in accordance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014, ensuring full regulatory compliance.