Maan Aluminium Postal Ballot Results Pass Two Resolutions

Meeting Details

Type of Meeting: Postal Ballot
Date of Meeting / Last Day of Receipt of Postal Ballot Forms: June 28, 2026
Record Date: May 22, 2026
Scrutinizer's Report Date: June 29, 2026

Summary of Proposed Resolutions and Implications

Two special resolutions were proposed for shareholder approval via postal ballot:

1. Resolution 1: To appoint Mr. Karan Bhatia (DIN: 11633574) as an Independent Director of the company.

2. Resolution 2: To alter (substitute) the Object Clause of the company's Memorandum of Association (MOA).

Voting Process and Methods

Voting was conducted exclusively through remote e-voting. The company appointed MUFG Intime India Private Limited as the service provider to facilitate the e-voting process on its platform, https://instavote.linkintime.co.in.

The voting period was open for 30 days, from 9:00 AM IST on Saturday, May 30, 2026, to 5:00 PM IST on Sunday, June 28, 2026.

The cut-off date for determining shareholder eligibility to vote was the record date, May 22, 2026. On this date, there were 32,063 shareholders.

The notice for the postal ballot was dispatched via email on May 29, 2026, and was also made available on the company's website and the websites of BSE and NSE.

Key Voting Outcomes

Overall Participation

Total Number of Shares on Record Date: 59,984,864
Total Number of Votes Polled (Shares): 29,719,038
Overall Voter Turnout (%): 49.5442%

Resolution 1: Appointment of Mr. Karan Bhatia as Independent Director

Resolution Type: Special Resolution
Total Valid Votes Cast: 29,719,038
Votes in Favor: 29,718,314 (99.9976% of valid votes)
Votes Against: 724 (0.0024% of valid votes)
Result: Passed

Resolution 2: Alteration of Memorandum of Association

Resolution Type: Special Resolution
Promoter Interest: No
Total Valid Votes Cast: 29,719,038
Votes in Favor: 29,718,314 (99.9976% of valid votes)
Votes Against: 724 (0.0024% of valid votes)
Result: Passed

The category-wise voting breakdown for Resolution 2 was identical to that of Resolution 1.

Details of Invalid Votes

Promoter and Promoter Group: 0 invalid votes
Public Institutions: 0 invalid votes
Public - Non Institutions: 0 invalid votes (represented by 'v' in the source, interpreted as nil/zero based on context and scrutinizer's report).

Scrutinizer's Role and Findings

Name of Scrutinizer: Abhinav Agarwal
Firm: M/s A Abhinav & Associates
Qualification: Company Secretary (Membership No. 11894)
Date of Appointment by Board: May 29, 2026

The scrutinizer was responsible for scrutinizing the e-voting process in a fair and transparent manner. The voting portal was blocked at the end of the voting period on June 28, 2026, at 5:00 PM.

On June 29, 2026, the votes were unblocked by the scrutinizer in the presence of two witnesses, Archit Agarwal and Nancy Garg, who were not employees of the company. The scrutinizer then compiled the final report confirming the results.

The report concludes that both resolutions were passed with the requisite majority.

All electronic voting records were placed in the scrutinizer's safe custody until the Chairman approves and signs the minutes, after which they will be handed over to the Chairman or Company Secretary.

Compliance Confirmation

The disclosure confirms compliance with the provisions of:

Regulation 44 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Section 108 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014.
MCA General Circular No. 03/2025 dated September 22, 2025.
Secretarial Standard on General Meetings (SS-2).