Mahan Industries Limited has fixed Monday, September 21, 2026, as the record date for determining shareholders eligible to vote at its upcoming annual general meeting.

The company’s board of directors approved these dates during a meeting held on September 5, 2026. The meeting also addressed governance matters, including the regularization of an independent director and the approval of the draft Director’s Report for FY26.

Book Closure and Voting Rights

The Register of Members and Share Transfer Books will remain closed from Saturday, September 19, 2026, to Monday, September 28, 2026 (both days inclusive). This closure is necessary for the preparation of the register of members for the 32nd Annual General Meeting (AGM).

Shareholders holding equity shares on the record date of September 21, 2026, will be entitled to exercise their voting rights and attend the AGM. The meeting is scheduled to take place on Monday, September 28, 2026.

Governance and Board Approvals

During the same board meeting, Mahan Industries regularized Ms. Riddhi Hardishkumar Shah (DIN: 11904921) as a Non-Executive Independent Director. This action ensures compliance with tenure and rotation norms under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The board also finalized the notice for the 32nd AGM, including the date, time, and venue. M/s. G R Shah & Associates was appointed as the scrutinizer for the meeting. Additionally, the board approved limits under Section 180(1)(c) and Section 180(1)(a) of the Companies Act, 2013.

Mahan Industries Limited posted a net profit of ₹172.22 lakh for the quarter ended June 30, 2026, marking a significant increase from ₹8.11 lakh in the corresponding period of FY25. The company’s revenue from operations climbed to ₹266.31 lakh, up from ₹65.05 lakh year-on-year.

The Board of Directors approved the unaudited financial results and the limited review report during its meeting on August 17, 2026. Statutory auditors S D P M & Co. issued an unmodified review report on the standalone financial results.

Financial Performance

Revenue from operations was driven by sales of shares and stock in trade, which reached ₹208.54 lakh compared to ₹52.71 lakh in Q1FY26. Interest income also rose to ₹57.76 lakh from ₹12.34 lakh. Total expenses stood at ₹356.57 lakh, compared to ₹57.14 lakh in the prior year quarter.

What the Numbers Show

Other income constitutes the primary driver of profitability for the quarter. With other income at ₹303.59 lakh against total operating revenue of ₹266.31 lakh, non-operating gains exceeded core business sales. This divergence highlights that the reported net profit of ₹172.22 lakh is heavily influenced by items outside regular operations, rather than margin expansion in primary business activities.

Corporate Developments

The Board took note of the resignation of Mr. Yash Kamleshkumar Shah (DIN: 10565098) from the position of Non-Executive (Independent) Director, effective August 8, 2026. The requisite disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, had been submitted to the stock exchange on August 8, 2026.