Mahan Industries Limited has launched 'Credit Mines', a new brand dedicated to digital financial services, marking its strategic expansion into the digital lending space. The platform enables customers across India to access personal loans and other credit products instantly through a fully digital, paperless, and presence-less process. This launch aims to diversify the company's revenue streams and expand its customer base by offering seamless credit access from home, utilizing advanced data analytics and India's public digital infrastructure.

The disclosure was made to BSE Limited on July 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para B of Part A of Schedule III. The filing also references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that all lending activities under 'Credit Mines' will comply with applicable laws, including the Reserve Bank of India's Guidelines on Digital Lending.

Platform Features and Process

'Credit Mines' operates as an end-to-end digital lending solution that leverages digital KYC, Video KYC, the account aggregator framework, and e-signing capabilities. The platform uses data analytics-based credit assessment models to evaluate eligibility in real time. Customers can complete the entire borrowing journey without visiting a branch or handling physical documentation.

The application process involves five key steps:

Currently, applications are accepted via the platform’s website, with a dedicated mobile application expected to be launched shortly.

Strategic Impact

Shah Nishil Sanjaykumar, Executive Director of Mahan Industries Limited, stated that the launch represents a significant milestone in building a technology-first financial services business. He emphasized that the platform provides a seamless borrowing experience designed to contribute meaningfully to the company’s next phase of growth. While the financial impact cannot be ascertained at this stage, the initiative is positioned to strengthen long-term growth prospects by tapping into India's rapidly growing digital lending ecosystem.

What the Numbers Show

The launch signals a pivot toward high-growth fintech segments for Mahan Industries Limited. By integrating the account aggregator framework and video KYC, the company aims to reduce operational friction and acquisition costs associated with traditional lending. The absence of disclosed financial metrics for this new venture suggests it is in the early adoption phase, with success dependent on user acquisition rates and credit underwriting performance in the coming quarters.

Mahan Industries Limited has shifted its registered office within the local limits of Ahmedabad city to facilitate the expansion of its operations and better accommodate growing administrative requirements. The board of directors approved the move during its meeting held on June 26, 2026, with the change becoming effective on the same day.

The decision was taken to provide a larger and more modern workspace for the company. The new address is located within the same building complex as the previous office, ensuring continuity while meeting the company's operational needs.

The following table outlines the change in address:

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting, which commenced at 12.20 p.m. and concluded at 1.00 p.m., was chaired by Director Nishil Shah.