Man Industries (India) logo

Man Industries (India) MD, chairman, board of directors and AGM

NSE: MANINDSBSE: 513269Industrial ProductsSmall Cap

Formerly MAN ALUMINIUM
Last close ₹745.65down ₹44.70 (5.66%)BSE ₹745.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹790.35.

52-week range of traded prices to 23 Oct 2026
₹302.05Low, 2 Feb 2026₹1,039.70High, 25 Sep 2026
Market cap
₹5,593 Cr931st largest listed
P/E
27.4
P/B
2.7
Dividend yield
Nonein the last 12 months
ROE
11.1%
ROCE
16.8%
Debt to equity
0.24
Volume, NSE
7,28,66247.2% delivered

Man Industries (India) board of directors

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

  • ChairpersonRAMESHCHANDRA MANSUKHANI
  • Managing directorNIKHIL RAMESHCHANDRA MANSUKHANI

6 directors4 independent2 executive

  • RAMESHCHANDRA MANSUKHANI · ChairpersonExecutive · joined May 1988 · reappointed Sep 2023 · 1 listed board
  • NIKHIL RAMESHCHANDRA MANSUKHANI · Managing directorExecutive · joined Nov 2011 · reappointed Oct 2023 · 1 listed board · 3 committee seats
  • RENU PURSHOTTAM JALANIndependent · joined Mar 2018 · reappointed Mar 2023 · 99 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
  • NARENDRA MAIRPADYIndependent · joined Feb 2021 · reappointed Feb 2026 · 64 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 3 as chair
  • RABI NARAYAN BASTIAIndependent · joined Feb 2024 · reappointed Feb 2024 · 28 months as independent · 3 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • ESHA PADMANABHAN ACHANIndependent · joined Nov 2025 · 7 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair

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
  • HEENA VINAY KALANTRI, left 31 Mar 2025: Others

Committees and meetings

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

  • Board

    • 25 May 20266 of 6 present4 independent · 3 days in between
    • 21 May 20266 of 6 present4 independent · 28 days in between
    • 22 Apr 20266 of 6 present4 independent · 17 days in between
    • 4 Apr 20266 of 6 present4 independent · 53 days in between
    1 earlier meeting
    • 9 Feb 20265 of 6 present3 independent

  • Audit Committee

    Chair NARENDRA MAIRPADY

    NIKHIL RAMESHCHANDRA MANSUKHANI, RENU PURSHOTTAM JALAN

    • 25 May 20263 of 3 present2 independent · 3 days in between
    • 21 May 20263 of 3 present2 independent · 28 days in between
    • 22 Apr 20263 of 3 present2 independent · 17 days in between
    • 4 Apr 20263 of 3 present2 independent · 53 days in between
    1 earlier meeting
    • 9 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair RENU PURSHOTTAM JALAN

    NARENDRA MAIRPADY, RABI NARAYAN BASTIA

    • 25 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair RENU PURSHOTTAM JALAN

    NIKHIL RAMESHCHANDRA MANSUKHANI, RABI NARAYAN BASTIA

    • 25 May 20263 of 3 present2 independent
    • 7 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair RAMESHCHANDRA MANSUKHANI

    NIKHIL RAMESHCHANDRA MANSUKHANI, RABI NARAYAN BASTIA

    • 7 Feb 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair RAMESHCHANDRA MANSUKHANI

    NIKHIL RAMESHCHANDRA MANSUKHANI, RENU PURSHOTTAM JALAN

    • 25 May 20263 of 3 present1 independent
    • 27 Mar 20263 of 3 present1 independent

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.

  • A Sachdev and CoPeer-review certificate valid to Jul 2027

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.

Man Industries (India) 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.Man Industries (India) dividend history

Annual general meeting, 25 Sep 2026

52,868 shareholders on the register on 18 Sep 2026; present: 7 promoters and 34 others; votes counted by Mayank Arora / Mayank Arora & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 45.41% · promoters 99.47% · institutions 20.91% · other public 2.83%

  2. Ratification of remuneration payable to Cost Auditor for FY 2026-2027.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 45.41% · promoters 99.47% · institutions 21.05% · other public 2.83%

  3. To approve enhancement of limits under Section 185 of the Companies Act, 2013.
    Special
    98.02% for1.98% against

    Against: promoters 0.00% · institutions 94.84% · other public 0.07%

    Turnout: all 45.41% · promoters 99.47% · institutions 21.05% · other public 2.83%

  4. To approve enhancement of limits under Section 186 of the Companies Act, 2013.
    Special
    98.02% for1.98% against

    Against: promoters 0.00% · institutions 94.84% · other public 0.07%

    Turnout: all 45.41% · promoters 99.47% · institutions 21.05% · other public 2.83%

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, 10 Feb 2026, 1 resolution

52,510 shareholders on the register on 3 Feb 2026; present: 6 promoters and 30 others; votes counted by Mayank Arora / Mayank Arora & Co..The company's voting result (opens in a new tab)

  1. To consider, approve and regularize the appointment of Mrs. Esha Padmanabhan Achan (DIN: 10350369), as an Independent Director of the Company.
    Special
    100.00% for0.00% against

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

    Turnout: all 32.20% · promoters 73.67% · institutions 7.70% · other public 0.03%

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 2025, 4 resolutions

56,399 shareholders on the register on 19 Sep 2025; present: 7 promoters and 33 others; votes counted by Mayank Arora / Mayank Arora & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 43.60% · promoters 99.70% · institutions 8.59% · other public 0.37%

  2. Re-appointment of Mr. Narendra Mairpady (DIN:00536905) as an Independent Director of the Company for a period of 5 (Five) years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 43.61% · promoters 99.70% · institutions 8.76% · other public 0.37%

  3. Appointment of M/s. Mayank Arora & Co., Practicing Company Secretaries as Secretarial Auditors of the Company for a period of 5 (Five) consecutive years from FY 2025-26 to FY 2029-2030.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 43.61% · promoters 99.70% · institutions 8.76% · other public 0.37%

  4. Ratification of the remuneration payable to the M/s. M. P. Turakhia & Associates, Cost Auditor for the financial year ending March 31, 2026.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.85%

    Turnout: all 43.61% · promoters 99.70% · institutions 8.76% · other public 0.37%

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, 25 Jun 2025, 3 resolutions

61,327 shareholders on the register on 18 Jun 2025; present: 7 promoters and 35 others; votes counted by Mayank Arora / Mayank Arora & Co..The company's voting result (opens in a new tab)

  1. To consider and approve the Increase in Authorized Share Capital of the Company
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 54.73% · promoters 99.67% · institutions 11.11% · other public 16.46%

  2. To consider and approve Issue of Convertible Warrants on a Preferential basis to Promoter Group
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 21.83% · promoters 28.46% · institutions 11.11% · other public 16.46%

  3. To consider and approve Issue and Allotment of Equity Shares on a Preferential basis to Non-Promoters
    Special
    100.00% for0.00% against

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

    Turnout: all 52.63% · promoters 99.67% · institutions 11.11% · other public 12.29%

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, 18 Dec 2024, 1 resolution

Present: 7 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To consider and approve the sale of Assets by Merino Shelters Private Limited, wholly owned subsidiary company
    Special
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 25.88% · other public 0.29%

    Turnout: all 55.12% · promoters 99.53% · institutions 46.82% · other public 14.13%

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, 27 Sep 2024, 5 resolutions

Present: 7 promoters and 36 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.15% · promoters 99.77% · institutions 58.87% · other public 3.77%

  2. To confirm payment of the Interim Dividend of Rs. 2/- (i.e. 40%) per equity share already paid to eligible shareholders as the Final Dividend for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.16% · promoters 99.77% · institutions 59.00% · other public 3.77%

  3. To appoint a director in place of Mrs. Heena Vinay Kalantri (DIN: 00149407), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    96.95% for3.05% against

    Against: promoters 0.00% · institutions 40.31% · other public 0.02%

    Turnout: all 47.25% · promoters 100.00% · institutions 59.00% · other public 3.77%

  4. Appointment of the Cost Auditor and Ratification of the remuneration payable to the Cost Auditor for the financial year ending March 31, 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 51.16% · promoters 99.77% · institutions 59.00% · other public 3.77%

  5. Approval for increase in overall borrowing limits of the Company as per Section 180(1)(c) of the Companies Act, 2013.
    Special
    96.03% for3.97% against

    Against: promoters 0.00% · institutions 61.43% · other public 0.04%

    Turnout: all 51.16% · promoters 99.77% · institutions 59.00% · other public 3.77%

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 Feb 2024, 2 resolutions

Present: 7 promoters and 32 others.The company's voting result (opens in a new tab)

  1. To consider and approve Issue and Allotment of Equity Shares on a Preferential basis
    Special
    100.00% for0.00% against

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

    Turnout: all 52.34% · promoters 99.94% · institutions 33.30% · other public 4.03%

  2. To consider and approve the Appointment of Dr. Rabi Bastia (DIN 05233577), as an Independent Director
    Special
    100.00% for0.00% against

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

    Turnout: all 52.34% · promoters 99.94% · institutions 33.30% · other public 4.03%

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, 1 Nov 2023, 1 resolution

Present: 7 promoters and 27 others.The company's voting result (opens in a new tab)

  1. To consider and approve Issue of Convertible Warrants on a Preferential basis
    SpecialPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 44.37% · promoters 78.55% · institutions 45.86% · other public 9.25%

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.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 18 Dec 2024, 1 fund house

  • To consider and approve the sale of Assets by Merino Shelters Private Limited, wholly owned subsidiary company
    1 for0 against

Mutual fund votes, meeting of 27 Sep 2024, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against
  • To confirm payment of the Interim Dividend of Rs. 2/- (i.e. 40%) per equity share already paid to eligible shareholders as the Final Dividend for the financial year 2023-24.
    1 for0 against
  • To appoint a director in place of Mrs. Heena Vinay Kalantri (DIN: 00149407), who retires by rotation and being eligible, offers herself for re-appointment.
    1 for0 against
  • Appointment of the Cost Auditor and Ratification of the remuneration payable to the Cost Auditor for the financial year ending March 31, 2025.
    1 for0 against
  • Approval for increase in overall borrowing limits of the Company as per Section 180(1)(c) of the Companies Act, 2013.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

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

At most 1 complaint open, quarter to Mar 2025.
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
Yes
The chair is related to the managing director
Yes
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 Jun 2026. 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. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesAug 2025–General Corporate Purpose––No
Preferential IssuesJul 2025, checked by CRISIL Ratings Limited–Meeting Working Capital Requirements––No
Preferential IssuesJul 2025, checked by CRISIL Ratings Limited–Expansion of the existing business of the Company––No
Preferential IssuesJul 2025, checked by CRISIL Ratings Limited–General Corporate Purpose––No
₹ 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.