MAAN Aluminium Ltd Completes Preferential Allotment of 59 Lakh Equity Shares at ₹141 Per Share

MAAN Aluminium Ltd has successfully completed the allotment of 59,00,000 equity shares through a preferential issue. The Board of Directors approved the allotment through a circular resolution, issuing shares at ₹141.00 per equity share with a face value of ₹5.00 each, including a premium of ₹136.00 per share.

Share Allotment Details

The preferential issue was conducted in compliance with SEBI (ICDR) Regulations, 2018, targeting both promoter and non-promoter public categories. The allotment involved a total of 39 investors, demonstrating broad participation across different investor segments.

Parameter:	Details
Total Shares Allotted:	59,00,000 equity shares
Issue Price:	₹141.00 per share
Face Value:	₹5.00 per share
Premium:	₹136.00 per share
Total Investors:	39

Complete Allottee Distribution

The allotment was distributed among promoters and non-promoter investors, with significant allocations to key stakeholders. Among promoters, Ravinder Nath Jain received the largest allocation of 12,26,500 shares, while Shanti Capinvest Private Limited led among non-promoter investors with 10,65,000 shares.

Promoter Category Allotments

Promoter Name:	Shares Allotted
Ravinder Nath Jain:	12,26,500
Alka Jain:	2,10,000
Priti Jain:	1,05,000
Dipti Jain:	1,05,000

Major Non-Promoter Allotments

Investor Name:	Shares Allotted
Shanti Capinvest Private Limited:	10,65,000
Dugar Growth Fund Pvt. Ltd.:	7,00,000
Jatinder Jagdishrai Agarwal:	6,40,000
Nidhi Dinesh Lodha:	2,85,000
Sachin Kasera:	2,15,000
Ketan V Thakkar:	1,35,000
Brinda Upadhyaya:	75,000
Anushka Munjal Shah:	71,000
Marigold Partners:	71,000
Shashi Kiran Janardhan Shetty:	71,000
Bhavi Dev Karvat:	71,000
SVAN Velocity Fund:	71,000
The Ballygunge Family Trust:	71,000
Satya Foundation:	71,000

Additional Non-Promoter Investors

Investor Name:	Shares Allotted
Landmark IT Solutions Pvt Ltd:	42,000
Kaviraj Securities Private Limited:	35,500
Ramesh Vyas:	35,500
Mahalaxmi Brokerage (India) Private Limited:	35,500
Reena Singhal:	35,500
Chancellor Commodal Private Limited:	35,000
Jigar Chandrakant Shah:	35,000
Ravi Kumar Jain:	35,000
Glance Finance Limited:	35,000
Gopal Kabra:	35,000
Chandresh Mehta Family Trust:	35,000
SVAN Investment Managers LLP:	35,000
Percy Chowdhry:	35,000
Inspirelabs Solutions Private Limited:	35,000
Kaajal Harsh Bhanshali:	28,500
Amit Mahajan:	21,000
Anish Hemant Mehta:	21,000
Raunak Bhartiya:	18,000
Rekha Bhartia:	18,000
Sujit Kumar:	18,000
Raj Kumar Agarwal:	18,000

Regulatory Compliance

The allotment was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The company has fulfilled all required disclosure obligations to both exchanges.

The preferential issue represents a strategic capital raising initiative for MAAN Aluminium Ltd, providing the company with additional equity capital while maintaining compliance with regulatory frameworks. The diverse investor base, including both institutional and individual participants across 39 investors, reflects confidence in the company's growth prospects.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.37%	-8.65%	-6.26%	+24.04%	+23.35%	+164.22%

Maan Aluminium Limited , a prominent player in the aluminium industry, has received overwhelming shareholder support for two significant corporate restructuring measures. At an extraordinary general meeting (EGM) held on November 29, 2025, shareholders passed two special resolutions with near-unanimous approval, demonstrating strong confidence in the company's strategic direction.

Key Resolutions Passed

Alteration of Articles of Association: Shareholders approved changes to the company's Articles of Association, which govern the internal management of the company. This move suggests potential updates to Maan Aluminium's corporate governance structure or operational procedures.
Issuance of Equity Shares on Preferential Basis: The approval for issuing new equity shares on a preferential basis indicates that the company may be looking to raise capital or bring in strategic investors.

Voting Results

The resolutions received exceptionally strong support from shareholders, as evidenced by the voting results:

Resolution	Votes in Favor	Votes Against
Alteration of Articles of Association	100.00%	0.00%
Issuance of Equity Shares on Preferential Basis	100.00%	0.00%

This near-unanimous approval suggests that shareholders are aligned with the management's vision for the company's future direction.

Implications for Investors

The approval of these resolutions could have several implications for Maan Aluminium and its stakeholders:

Corporate Governance: The alteration of the Articles of Association may lead to improved corporate governance practices, potentially enhancing the company's reputation and investor trust.
Capital Structure: The preferential share issue could result in changes to the company's capital structure. Investors should watch for announcements regarding the terms and recipients of this share issuance.
Growth Strategy: These measures might be part of a broader growth or restructuring strategy. Shareholders and potential investors should keep an eye out for further announcements detailing the company's plans.
Market Perception: The strong shareholder support could positively influence market perception of Maan Aluminium, potentially impacting its stock performance.

As these corporate actions unfold, stakeholders are advised to stay informed about the specific details of the changes to the Articles of Association and the terms of the preferential share issue. These developments could significantly impact Maan Aluminium's future operations and financial position.

Note: Investors are encouraged to conduct their own research and consult financial advisors before making investment decisions based on this information.