Maan Aluminium logo

Maan Aluminium MD, chairman, board of directors and AGM

NSE: MAANALUBSE: 532906Non - Ferrous MetalsSmall Cap

Formerly Man Aluminium
Last close ₹88.27down ₹6.35 (6.71%)BSE ₹89.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹94.62.

52-week range of traded prices to 23 Oct 2026
₹86.72Low, 23 Oct 2026₹184.74High, 18 Dec 2025
Market cap
₹529 Cr1,602nd largest listed
P/E
37.7
P/B
1.9
Dividend yield
Nonein the last 12 months
ROE
6.2%
ROCE
3.9%
Debt to equity
0.20
Volume, NSE
1,14,24660.4% delivered

Maan Aluminium board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRAVINDER NATH JAIN
  • Company Secretary and Compliance OfficerSANDEEP KUMAR AGARWAL

8 directors4 independent4 executive

  • RAVINDER NATH JAIN · ChairpersonExecutive · joined Dec 2009 · reappointed Mar 2025 · 1 listed board
  • PRITI JAINExecutive · joined Oct 2012 · reappointed Sep 2026 · 1 listed board
  • ASHISH JAINExecutive · joined Nov 2014 · reappointed Sep 2026 · 1 listed board · 2 committee seats
  • RAJPAL JAINIndependent · joined May 2017 · reappointed Jul 2021 · 60 months as independent · 1 listed board · 1 as independent
  • NAVEEN GUPTAExecutive · joined Jul 2023 · reappointed Sep 2026 · 1 listed board
  • Sujoy BhatiaIndependent · joined Aug 2024 · reappointed Sep 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Anil Kumar JainIndependent · joined Aug 2024 · reappointed Sep 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Karan BhatiaIndependent · joined Mar 2026 · reappointed Jun 2026 · 60 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • SURESH CHANDER MALIK, left 31 Mar 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 Aug 20268 of 8 present4 independent · 75 days in between
    • 29 May 20266 of 8 present2 independent

  • Audit Committee

    Chair Anil Kumar Jain

    ASHISH JAIN, Sujoy Bhatia

    • 13 Aug 20263 of 3 present2 independent · 75 days in between
    • 29 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Anil Kumar Jain

    RAJPAL JAIN, Sujoy Bhatia

    • 13 Aug 20263 of 3 present3 independent
    • 29 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Anil Kumar Jain

    ASHISH JAIN, Sujoy Bhatia

    • 13 Aug 20263 of 3 present2 independent
    • 29 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Anil Kumar Jain

    ASHISH JAIN, PRITI JAIN

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • KHANDELWAL AND KHANDELWAL ASSOCIATESPeer-review certificate valid to Jul 2026
1 earlier auditor
  • MAK & ASSOCIATESNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Maan Aluminium AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Maan Aluminium dividend history

Annual general meeting, 28 Sep 2026

30,847 shareholders on the register on 21 Sep 2026; present: 4 promoters and 51 others; votes counted by Abhinav Agarwal / A Abhinav & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2026, Statement of Profit & Loss Account and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.89%

    Turnout: all 58.91% · promoters 100.00% · institutions 92.85% · other public 3.48%

  2. To appoint a director in place of Mr. Ashish Jain (DIN No. 06942547 ) who retires from the office by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.89%

    Turnout: all 58.91% · promoters 100.00% · institutions 92.85% · other public 3.48%

  3. To fix remuneration of M/s Vivek Bothra, Cost Accountant (Membership No. 16308) the Cost Auditor of the Company.
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.89%

    Turnout: all 58.91% · promoters 100.00% · institutions 92.85% · other public 3.48%

  4. To consider the reappointment of Mr. Ashish Jain (DIN: 06942547), Whole time Executive Director for the period from April 1, 2027 to March 31, 2030.
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.89%

    Turnout: all 58.91% · promoters 100.00% · institutions 92.85% · other public 3.48%

  5. To consider the reappointment of Mrs. Priti Jain (DIN: 01007557), Whole time Executive Director for the period from April 1, 2027 to March 31, 2030.
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.91%

    Turnout: all 58.91% · promoters 100.00% · institutions 92.85% · other public 3.48%

  6. To consider the reappointment of Mr. Naveen Gupta (DIN: 10252320), as Executive Director
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.89%

    Turnout: all 58.91% · promoters 100.00% · institutions 92.85% · other public 3.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Jun 2026, 2 resolutions

32,063 shareholders on the register on 22 May 2026; votes counted by Abhinav Agarwal / M/s A Abhinav & Associates.The company's voting result (opens in a new tab)

  1. 1 - APPOINTMENT OF MR. KARAN BHATIA (DIN: 11633574) AS AN INDEPENDENT DIRECTOR
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 49.54% · promoters 83.22% · institutions 91.46% · other public 3.53%

  2. ALTERATION (SUBSTITUTE) OF THE OBJECT CLAUSE OF THE MEMORANDUM OF ASSOCIATION (“MOA”) OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 49.54% · promoters 83.22% · institutions 91.46% · other public 3.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Nov 2025, 2 resolutions

31,859 shareholders on the register on 22 Nov 2025; present: 4 promoters and 42 others; votes counted by ABHINAV AGARWAL / A ABHINAV & ASSOCIATES.The company's voting result (opens in a new tab)

  1. ALTERATION IN THE ARTICLES OF ASSOCIATION OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.21% · promoters 100.00% · institutions 60.42% · other public 2.97%

  2. ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.21% · promoters 100.00% · institutions 60.42% · other public 2.97%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 5 resolutions

32,266 shareholders on the register on 16 Sep 2025; present: 4 promoters and 58 others; votes counted by Abhinav Agarwal / M/s A Abhinav & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2025, Statement of Profit & Loss Account and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 59.92% · promoters 100.00% · institutions 0.00% · other public 2.59%

  2. To appoint a director in place of Mr. Naveen Gupta (DIN No. 10252320) who retires from the office by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 59.92% · promoters 100.00% · institutions 0.00% · other public 2.59%

  3. To appoint M/s. Khandelwal and Khandelwal Associates; Chartered Accountants as Statutory Auditors and to fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 59.92% · promoters 100.00% · institutions 0.00% · other public 2.59%

  4. To fix remuneration of M/s Vivek Bothra, Cost Accountant (Membership No. 16308) the Cost Auditor of the Company as an Ordinary Resolution
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 59.92% · promoters 100.00% · institutions 0.00% · other public 2.59%

  5. To consider the appointment of Ms. Anita Aswal, Company Secretaries as Secretarial Auditors of the Company as an Ordinary Resolution
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 59.92% · promoters 100.00% · institutions 0.00% · other public 2.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Mar 2025, 1 resolution

34,253 shareholders on the register on 21 Feb 2025; votes counted by Abhinav Agarwal / M/s A Abhinav & Associates.The company's voting result (opens in a new tab)

  1. To re-appoint Mr. Ravinder Nath Jain (DIN: 00801000) as Chairman and Managing Director and fix his remuneration.
    SpecialPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 1.10% · promoters 0.00% · institutions 0.00% · other public 2.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2024, 5 resolutions

Present: 4 promoters and 72 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2024, Statement of Profit & Loss Account and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 60.71% · promoters 100.00% · institutions 0.00% · other public 4.54%

  2. To appoint a director in place of Mrs. Priti Jain (DIN No. 01007557) who retires from the office by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 1.77% · promoters 0.00% · institutions 0.00% · other public 4.36%

  3. To fix remuneration of M/s Vivek Bothra, Cost Accountant (Membership No. 16308) the Cost Auditor of the Company as an Ordinary Resolution.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 60.71% · promoters 100.00% · institutions 0.00% · other public 4.54%

  4. To consider the appointment of Mr. Sujoy Bhatia (DIN: 00109205) as an Independent Director of the Company as an Special Resolution.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 60.71% · promoters 100.00% · institutions 0.00% · other public 4.54%

  5. To consider the appointment of Mr. Anil Kumar Jain (DIN: 10737778) as an Independent Director of the Company as an Special Resolution.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 60.71% · promoters 100.00% · institutions 0.00% · other public 4.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Dec 2023, 3 resolutions

The company's voting result (opens in a new tab)

  1. To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution for reappointment of Mr. Ashish Jain (DIN:06942547), Whole time Executive Director for the period from April 1, 2024 to March 31, 2027MoreLess
    SpecialPromoters have an interest in it
    92.57% for7.43% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.18%

    Turnout: all 2.09% · promoters 0.00% · institutions 87.62% · other public 4.96%

  2. To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution for reappointment of Mrs. Priti Jain (DIN: 01007557), Whole time Executive Director for the period from April 1, 2024 to March 31, 2027MoreLess
    SpecialPromoters have an interest in it
    88.52% for11.48% against

    Against: promoters 0.00% · institutions 100.00% · other public 4.55%

    Turnout: all 2.09% · promoters 0.00% · institutions 87.62% · other public 4.96%

  3. To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution for appointment of Mr. Naveen Gupta (DIN : 10252320) as a Executive Director
    Special
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.14%

    Turnout: all 53.35% · promoters 83.53% · institutions 87.62% · other public 6.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Jul 2023, 8 resolutions

Present: 4 promoters and 79 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2023, Statement of Profit & Loss Account and Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 68.56% · promoters 100.00% · institutions 20.69% · other public 9.04%

  2. To confirm the payment of interim dividend of Rs. 3 per equity share of face value of Rs. 10 each already paid as final dividend for the financial year ended 31 March 2023. n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 68.56% · promoters 100.00% · institutions 20.69% · other public 9.04%

  3. To appoint a director in place of Mr. Ashish Jain (DIN No. 06942547) who retires from the office by rotation and being eligible, offers himself for re-appointment. n
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.03%

    Turnout: all 68.55% · promoters 100.00% · institutions 20.69% · other public 9.04%

  4. To fix remuneration of M/s Vivek Bothra, Cost Accountant (Membership No. 16308) the Cost Auditor of the Company and in this regard to consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution. nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 68.55% · promoters 100.00% · institutions 20.69% · other public 9.04%

  5. To consider and if thought fit, to pass, with or without modification(s) for Increase in Authorized share capital of the company as an Ordinary Resolution. n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 68.56% · promoters 100.00% · institutions 20.69% · other public 9.04%

  6. To consider and if thought fit, to pass, with or without modification(s) for Sub-division/Split of Equity Shares of the company from Face Value of Rs. 10/- each to Face Value of Rs. 5/- each as an Ordinary Resolution. nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 68.55% · promoters 100.00% · institutions 20.69% · other public 9.04%

  7. To consider and if thought fit, to pass, with or without modification(s) for Alteration of Capital Clause of Memorandum of Association of the company as an Ordinary Resolution. n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 68.56% · promoters 100.00% · institutions 20.69% · other public 9.04%

  8. To consider and if thought fit, to pass, with or without modification(s) for Issue of Bonus Shares of the company as an Ordinary Resolution. n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 68.55% · promoters 100.00% · institutions 20.69% · other public 9.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesJan 202683.19Capital expenditure on the project for aluminum extrusion, tubbing and other value-added processes40.002.40No
Preferential IssuesJan 202683.19To meet the working capital requirements of the Company28.0028.00No
Preferential IssuesJan 202683.19General Corporate Purpose15.1915.19No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.