Maan Aluminium Limited , a key player in the aluminum industry, has announced a move to raise capital through a preferential issue of equity shares. The company's Board of Directors has approved the issuance of up to 59,00,000 equity shares, each with a face value of Rs 5, at an issue price of Rs 141 per share. This decision, which includes a premium of Rs 136 per share, is set to potentially inject Rs 831.9 crore into the company's coffers.

Key Details of the Preferential Issue

The preferential issue encompasses both promoter and non-promoter public category investors. Here's a breakdown of the major allocations:

Corporate Governance and Shareholder Approval

The Board has also approved amendments to the company's Articles of Association to incorporate provisions for private placement and preferential issue of securities. These changes are subject to shareholder approval.

An Extra-Ordinary General Meeting (EGM) has been scheduled for November 29, 2025, to be held via video conferencing, where members will vote on these proposals. The e-voting period for the EGM is set as follows:

• Start Date: November 26, 2025, at 9:00 AM (IST)
• End Date: November 28, 2025, at 5:00 PM (IST)
• Cut-off Date for Voting Eligibility: November 22, 2025

Implications and Next Steps

This preferential issue represents a strategic move by Maan Aluminium to strengthen its capital base. The infusion of funds could potentially be used for various purposes such as expansion, debt reduction, or working capital requirements, although the specific use of proceeds has not been disclosed in the available information.

The successful completion of this preferential issue is contingent upon receiving the necessary approvals from shareholders and regulatory authorities.

Maan Aluminium Ltd , a key player in the aluminium industry, has released its fourth-quarter financial results, revealing a mixed performance with increased revenue but decreased profitability.

Revenue Growth Amidst Challenges

The company reported a revenue of ₹2.46 billion for the quarter, marking a 3.8% increase from ₹2.37 billion in the same period last year. This growth in top-line performance comes despite challenging market conditions, potentially indicating resilient demand for the company's products.

Profitability Under Pressure

Despite the revenue growth, Maan Aluminium faced headwinds in maintaining its profit margins:

• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) declined to ₹77.00 million from ₹92.70 million year-over-year, representing a 17% decrease.
• EBITDA Margin: The EBITDA margin contracted to 3.13% from 3.90% in the corresponding quarter of the previous year, suggesting increased cost pressures or competitive pricing environment.
• Net Profit: The company's bottom line saw a significant decline, with net profit falling to ₹39.40 million, down 45.9% from ₹72.80 million in the year-ago period.

Quarter-on-Quarter Performance

The financial results also indicate a sequential decline in profitability:

• Net profit decreased from ₹30.50 million in the previous quarter to ₹39.40 million in Q4, representing a 29.2% quarter-over-quarter reduction.

Financial Highlights Table

The financial results paint a picture of a company grappling with margin pressures despite achieving revenue growth. The substantial decline in net profit, both year-over-year and quarter-over-quarter, may raise concerns among investors about the company's cost management and operational efficiency in the face of market challenges.

Maan Aluminium's management may need to address these profitability concerns and outline strategies to improve margins while maintaining revenue growth in the coming quarters.