Mena Mani Industries has scheduled a Board of Directors meeting for August 26, 2026, to consider strategic changes including an increase in authorized share capital. The company also plans to seek member approval to insert hotel business as a new main object.

The meeting will take place at the company’s registered office in Ahmedabad. Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the firm issued the intimation on August 21, 2026.

Key Agenda Items

The board will focus on two primary resolutions requiring shareholder approval:

• Increase in authorized share capital of the company.
• Insertion of hotel business into the main objects of the company.

Any other agenda items may be discussed with the permission of the chair.

Swetank Madhuvir Patel, Managing Director, signed the disclosure. The company’s registered office is located on Ambli-Bopal Road in Ahmedabad, Gujarat.

Ashoka Metcast Limited has disposed of 2,486,112 equity shares in Mena Mani Industries through an open market sale. The transactions were executed over a period spanning from June 20, 2025, to August 18, 2026. The disclosure was submitted to BSE Limited on August 19, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The sale significantly reduced the direct equity stake held by Ashoka Metcast Limited. Prior to this disposal, the company held 12,500,000 shares, representing 10.76% of the total voting capital. Following the open market sale, its holding stands at 10,013,888 shares, or 8.62%.

Consolidated Holding Reduction

Ashoka Metcast Limited is part of a group of Persons Acting in Concert (PAC) that includes Lesha Industries Limited, Shalin Ashok Shah, Ashok Chinubhai Shah, and Leena Ashok Shah. The combined holding of this group also declined due to the sale by the primary entity.

The PAC group’s total voting rights decreased from 11.11% to 8.97% of the total diluted share capital. The individual holdings of Lesha Industries Limited and the three named individuals remained unchanged during this period.

What the Numbers Show

The disposal represents a reduction of 2.14% in the total voting capital for both Ashoka Metcast Limited individually and the PAC group collectively. This move brings the group's consolidated stake below the 10% threshold, which is often a significant regulatory benchmark for substantial acquisition disclosures. The sale was conducted entirely through the open market, indicating a liquidation of existing holdings rather than a transfer to related parties or a strategic block deal.