Company Overview
Maan Aluminium Limited (BSE: 532906, NSE: MAANALU) will hold its 23rd Annual General Meeting on September 28, 2026 via video conference to approve financial statements and director reappointments.
Financial Performance FY26
The company reported steady revenue of ₹819.22 crore (FY25: ₹815.49 crore) but net profit declined to ₹13.03 crore from ₹15.51 crore in FY25. Basic EPS stood at ₹2.35 compared to ₹2.87 in previous year. The balance sheet strengthened with total assets increasing to ₹363.13 crore (FY25: ₹299.63 crore) and equity share capital rising to ₹29.99 crore after preferential issuance of 59 lakh shares at ₹141 each, raising ₹83.19 crore.
Operational Highlights
Production increased to 8,124.37 MT (FY25: 7,653.16 MT) with extrusion capacity expanded to 24,000 TPA. The company initiated a ₹110 crore CAPEX plan to shift toward high-value aluminum fabrication and acquired new facilities in Dewas and Pithampur. Employee strength grew to 262 from 221 in FY25.
Risk Management & Financial Disclosures
The company maintains robust risk management framework addressing credit risk, liquidity risk, and market risk. Key exposures include ₹53.53 crore in floating rate borrowings (sensitive to interest rate changes) and foreign exchange exposure of ₹199.76 crore. A 50bps interest rate increase would decrease profit by ₹26.76 lakh, while 5% rupee strengthening against USD would generate ₹99.88 lakh gain.
Corporate Governance & Appointments
Shareholders will vote on reappointing three executive directors: Mr. Ashish Jain, Mrs. Priti Jain, and Mr. Naveen Gupta. The board composition includes 4 executive and 4 independent directors. CSR spending exceeded requirements at ₹94.77 lakh focused on healthcare, education, and animal welfare.
Regulatory Compliance & Disclosures
The company confirmed no loans to promoters/directors, no wilful defaulter status, no crypto currency investments, and compliance with all regulatory requirements. Related party transactions were conducted at arm's length, with directors' remuneration totaling ₹232.16 lakh. The company maintains ICRA BBB+/Stable rating with ₹105 crore bank facilities.
Forward Outlook
The company focuses on commercializing new plant capacity, expanding into newer domestic territories, and widening custom-fabricated product basket. Strong order book in domestic and global markets supports expected improvement in operating margins going forward.