Maan Aluminium Limited announced the approval of 59 lakh equity shares during an Extra-Ordinary General Meeting (EGM) scheduled for November 29, 2025. The meeting will be held at 1:00 PM via Video Conferencing (VC) and other audio-visual means. To facilitate participation, the company is providing an e-voting option for its members, with a cut-off date set for November 22, 2025. The remote e-voting will be available from November 26, 2025, at 9:00 AM until November 28, 2025, at 5:00 PM, ensuring shareholders can easily vote on the proposed resolutions.

The primary agenda of the EGM includes the alteration of the Articles of Association, allowing the company to issue and allot various securities, including equity and preference shares, on a preferential allotment or private placement basis. Additionally, the company seeks approval for the issuance of up to 59,00,000 equity shares at an issue price of Rs. 141 per share, including a premium of Rs. 136. The proposed allottees include both promoters and non-promoter public investors, with significant allocations to individuals like Ravinder Nath Jain and Shanti Capinvest Private Limited, among others.

This strategic move is anticipated to bolster Maan Aluminium's capital structure and enhance its operational capabilities. The company will ensure compliance with the Companies Act, 2013 and SEBI regulations, including necessary approvals and conditions for the share allotment. Following the EGM, the allotment of shares is expected to occur within 15 days post the shareholders' resolution, with the shares to be listed on the existing stock exchanges where the company's shares are currently traded, subject to receiving regulatory permissions.