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.

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

Major Non-Promoter Allotments

Additional Non-Promoter Investors

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.

Maan Aluminium Limited has achieved a significant milestone in its capital raising initiative, securing in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of equity shares. The company's Board of Directors had previously approved the issuance of up to 59,00,000 equity shares, each with a face value of Rs 5.00, at an issue price of Rs 141.00 per share, potentially raising Rs 831.90 crore.

Stock Exchange Approvals and Regulatory Compliance

The company announced receipt of in-principle approvals from both major stock exchanges for the preferential issue to promoter and non-promoter categories. The approvals come with specific conditions that the company must fulfill:

Key Regulatory Conditions

Both NSE and BSE have outlined mandatory compliance requirements for the successful completion of the preferential issue. The exchanges have specified that the company must ensure strict adherence to provisions of the Companies Act 2013, Securities Contracts Regulation Act 1956, SEBI Act 1992, and the Depositories Act 1996.

The regulatory framework also includes compliance with Chapter V of SEBI ICDR Regulations 2018 and SEBI LODR Regulations 2015. Additionally, the company must strengthen internal controls to monitor trades executed by proposed allottees and obtain undertakings confirming no intra-day trading until allotment completion.

Investor Allocation Structure

The preferential issue encompasses both promoter and non-promoter public category investors with the following major allocations:

Corporate Governance and Timeline

The Board has approved amendments to the company's Articles of Association to incorporate provisions for private placement and preferential issue of securities, subject to shareholder approval. An Extra-Ordinary General Meeting has been scheduled for November 29, 2025, via video conferencing.

The e-voting period for shareholders runs from November 26, 2025, at 9:00 AM IST to November 28, 2025, at 5:00 PM IST, with November 22, 2025, as the cut-off date for voting eligibility. The company must file the listing application within twenty days from the date of allotment and comply with all post-issue formalities as specified by the exchanges.