Maan Aluminium Preferential Issue Funds Utilization Q1 2026

Company Name and Scrip Code

Scrip Code (NSE): MAANALU

Document Title and Date

Date: August 14, 2026

Reporting Period: Quarter ended June 30, 2026

Total Funds Raised and Source of Funds

Total Funds Raised: Rs. 8319.00 Lakhs (Rs. 83.19 Crore)

Source of Funds: Preferential issue of Equity shares at Rs. 141/- per share (including a premium of Rs. 136/- per equity share)

Planned vs. Actual Utilization by Category

| Object of Fund Utilization | Original Allocation (Rs. in Lakhs) | Funds Utilized as of 30.06.2026 (Rs. in Lakhs) |

| Capital expenditure on the project for aluminum extrusion, tubbing and other value-added processes | 4000.00 | 240.00 |

| To meet the working capital requirements of the Company | 2800.00 | 2800.00 |

| General Corporate Purpose | 1519.00 | 1519.00 |

| Total | 8319.00 | 4559.00 |

Variance and Reasons

There is no deviation or variation in the use of the raised funds. The monitoring agency has confirmed this. The audit committee, which reviewed and approved this statement on August 13, 2026, has no comments. The auditors also have no comments.

The utilization is proceeding exactly as per the original objects disclosed during the fundraise. The company has fully utilized the amounts allocated for working capital (Rs. 2800.00 Lakhs) and general corporate purposes (Rs. 1519.00 Lakhs).

For the capital expenditure project, the original allocation was Rs. 4000.00 Lakhs. As of the reporting period, Rs. 240.00 Lakhs has been utilized. The slow utilization against this specific object is not classified as a deviation or variation requiring explanation under this filing.

Unutilized Funds Status

The total amount raised was Rs. 8319.00 Lakhs. The total amount utilized as of June 30, 2026, is Rs. 4559.00 Lakhs.

The balance of unutilized funds is Rs. 3760.00 Lakhs (8319.00 - 4559.00). The disclosure does not specify where these unutilized funds are currently held (e.g., bank deposits, liquid investments).

Reporting Period

This statement covers the monitoring of fund utilization for the quarter ended June 30, 2026.