Maan Aluminium to Raise Rs 831.9 Crore Through Preferential Share Issue

Maan Aluminium Limited , a key player in the Indian aluminum industry, has announced plans for a capital raise through a preferential share issue. The company has scheduled an Extraordinary General Meeting (EGM) for November 29, 2025, to seek shareholder approval for this strategic move.

Key Details of the Preferential Issue

Aspect	Details
Total Shares to be Issued	59 lakh equity shares
Issue Price	Rs 141.00 per share
Premium per Share	Rs 136.00
Total Funds to be Raised	Rs 831.90 crore
Number of Allottees	39
Promoter Participation	Ravinder Nath Jain to receive 12.26 lakh shares
Relevant Date for Pricing	October 30, 2025

Fund Utilization Plan

The company has outlined a strategy for utilizing the funds raised:

Purpose	Amount (in crore)
Capital Expenditure on Aluminum Extrusion Projects	Rs 400.00
Working Capital Requirements	Rs 280.00
General Corporate Purposes	Rs 151.90

Impact on Shareholding Structure

The preferential issue is expected to impact the company's shareholding pattern:

Pre-issue promoter shareholding: 58.87%
Post-issue promoter shareholding: 55.82%

This change indicates a slight dilution in promoter holding, potentially increasing the public float of the company's shares.

Lock-in Period

The newly issued shares will be subject to a lock-in period:

Promoter category: 18 months
Public category allottees: 6 months

This preferential issue represents a significant move for Maan Aluminium Limited, potentially strengthening its financial position and supporting its growth initiatives. The substantial allocation towards capital expenditure on aluminum extrusion projects suggests the company's focus on expanding its production capabilities.

Investors and market watchers may keep a close eye on how this capital infusion impacts the company's operations and financial performance in the coming quarters. The implementation of the planned projects and use of the additional working capital could be key factors in determining the long-term benefits of this preferential issue for Maan Aluminium Limited and its shareholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.53%	+1.11%	+27.96%	+64.14%	-14.13%	+1,350.21%

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:

Investor Category	Number of Shares	Percentage of Issue
Ravinder Nath Jain (Promoter)	12,26,500	20.79%
Shanti Capinvest Private Limited (Non-Promoter)	10,65,000	18.05%
Dugar Growth Fund Pvt. Ltd. (Non-Promoter)	7,00,000	11.86%
Jatinder Jagdishrai Agarwal (Non-Promoter)	6,40,000	10.85%
Other Investors	22,68,500	38.45%

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.