Company Name and Scrip Code

Maan Aluminium Limited (BSE: 532906, NSE: MAANALU)

Document Title and Date

Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter and Financial Year ended March 31, 2026. Date: May 30, 2026

Total Funds Raised and Source of Funds

The company raised Rs. 8319.00 Lakhs (Rs. 83.19 crore) through a Preferential Issue of Equity Shares at an issue price of Rs. 141/- per equity share (including a premium of Rs. 136/- per equity Share).

Planned vs. Actual Utilization by Category

Capital Expenditure on Aluminum Extrusion Project

  • Planned Allocation: Rs. 4000.00 Lakhs
  • Actual Utilization as of 31.03.2026: Rs. 240.00 Lakhs
  • Variance: Rs. 3760.00 Lakhs unutilized
  • Remarks: NA

Working Capital Requirements

  • Planned Allocation: Rs. 2800.00 Lakhs
  • Actual Utilization as of 31.03.2026: Rs. 2800.00 Lakhs
  • Variance: None (fully utilized)
  • Remarks: NA

General Corporate Purpose

  • Planned Allocation: Rs. 1519.00 Lakhs
  • Actual Utilization as of 31.03.2026: Rs. 1519.00 Lakhs
  • Variance: None (fully utilized)
  • Remarks: NA

Total Utilization

  • Total Funds Raised: Rs. 8319.00 Lakhs
  • Total Funds Utilized as of 31.03.2026: Rs. 4559.00 Lakhs
  • Total Unutilized Funds: Rs. 3760.00 Lakhs

Variance and Reasons

The company reported NO deviation or variation in the utilization of funds. The statement explicitly states:

  • "Is there a Deviation / Variation in use of funds Raised: No"
  • "Explanation for the Deviation/Variation: NA"
  • The utilization followed the original objects without modification

Unutilized Funds Status

The document does not specify where the unutilized balance of Rs. 3760.00 Lakhs is currently held or invested.

Reporting Period Covered

Quarter and Financial Year ended March 31, 2026

Additional Information

  • The statement was reviewed and approved by the Audit Committee at its meeting held on May 29, 2026
  • No monitoring agency was appointed for this fund raise
  • No shareholder approval was required for changes as there were no deviations
  • Comments of the Audit Committee: NA
  • Comments of the auditors: NA