Mahan Industries
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Mahan Industries' board approved a preferential issue of 32 lakh equity shares to incoming promoters, triggering a mandatory open offer that will result in a change of control of the company. The shares will be issued at ₹12 apiece, aggregating to ₹3.84 crore, and the allottees—Shah Nishil Sanjaykumar and Niranjankumar Navratanmal Jain—will be classified as promoters after the open offer. The acquisition represents 26% of the emerging voting share capital. Separately, the board also approved a preferential issue of over 2.16 crore convertible warrants at ₹12 each, raising up to ₹25.98 crore from a mix of promoter-group and non-promoter entities. The company will convene an extraordinary general meeting on August 15 to seek shareholder approval for the fundraising.
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Mahan Industries' board approved a preferential issue of 32 lakh equity shares to incoming promoters, triggering a mandatory open offer that will result in a change of control of the company. The shares will be issued at ₹12 apiece, aggregating to ₹3.84 crore, and the allottees—Shah Nishil Sanjaykumar and Niranjankumar Navratanmal Jain—will be classified as promoters after the open offer. The acquisition represents 26% of the emerging voting share capital. Separately, the board also approved a preferential issue of over 2.16 crore convertible warrants at ₹12 each, raising up to ₹25.98 crore from a mix of promoter-group and non-promoter entities. The company will convene an extraordinary general meeting on August 15 to seek shareholder approval for the fundraising.
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July 16 (Reuters) - Mahan Industries Ltd MFSL.BO:
MAHAN INDUSTRIES - APPROVES PREFERENTIAL ISSUE OF 3,200,000 SHARES AGGREGATING 38.4 MILLION RUPEES
MAHAN INDUSTRIES - APPROVES ISSUE OF 21.7 MILLION CONVERTIBLE WARRANTS AGGREGATING 259.9 MILLION RUPEES
Source text: ID:nBSE9hdzNl
Further company coverage: MFSL.BO
(([email protected];;))
July 16 (Reuters) - Mahan Industries Ltd MFSL.BO:
MAHAN INDUSTRIES - APPROVES PREFERENTIAL ISSUE OF 3,200,000 SHARES AGGREGATING 38.4 MILLION RUPEES
MAHAN INDUSTRIES - APPROVES ISSUE OF 21.7 MILLION CONVERTIBLE WARRANTS AGGREGATING 259.9 MILLION RUPEES
Source text: ID:nBSE9hdzNl
Further company coverage: MFSL.BO
(([email protected];;))
Mahan Industries announced that its board will meet on July 14, 2026, to evaluate a proposal for raising funds through the issue of equity shares or convertible equity warrants. The company said the capital raise, if approved, would be subject to necessary regulatory and shareholder approvals. The trading window for designated persons and insiders remains closed until 48 hours after the declaration of financial results, as previously intimated.
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Mahan Industries announced that its board will meet on July 14, 2026, to evaluate a proposal for raising funds through the issue of equity shares or convertible equity warrants. The company said the capital raise, if approved, would be subject to necessary regulatory and shareholder approvals. The trading window for designated persons and insiders remains closed until 48 hours after the declaration of financial results, as previously intimated.
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July 9 (Reuters) - Mahan Industries Ltd MFSL.BO:
MAHAN INDUSTRIES - BOARD TO EVALUATE FUNDRAISING VIA EQUITY SHARES OR CONVERTIBLE WARRANTS
Source text: ID:nBSE772YsP
Further company coverage: MFSL.BO
(([email protected];))
July 9 (Reuters) - Mahan Industries Ltd MFSL.BO:
MAHAN INDUSTRIES - BOARD TO EVALUATE FUNDRAISING VIA EQUITY SHARES OR CONVERTIBLE WARRANTS
Source text: ID:nBSE772YsP
Further company coverage: MFSL.BO
(([email protected];))
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What does Mahan Industries do?
Mahan Industries Ltd. is a company engaged in investment and finance. They have started operations by investing in shares and Bill Discounting for corporate sectors.
Who are the competitors of Mahan Industries?
Mahan Industries major competitors are Polytex India, Cindrella Finl. Serv, Ekam leas.& Fin. Co., KZ Leasing & Finance, Sungold Capital, Goyal Associates, Abhinav Lsg. & Fin. Market Cap of Mahan Industries is ₹5 Crs. While the median market cap of its peers are ₹5 Crs.
Is Mahan Industries financially stable compared to its competitors?
Mahan Industries seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Mahan Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Mahan Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Mahan Industries balance sheet?
The companies balance sheet of Mahan Industries is weak, but was strong historically.
Is the profitablity of Mahan Industries improving?
No, profit is decreasing. The profit of Mahan Industries is -₹0.14 Crs for Mar 2025, -₹0.05 Crs for Mar 2024 and -₹0.02 Crs for Mar 2023
Is Mahan Industries stock expensive?
Yes, Mahan Industries is expensive. Latest PE of Mahan Industries is 116, while 3 year average PE is 38.12. Also latest Price to Book of Mahan Industries is 0.96 while 3yr average is 0.82.
Has the share price of Mahan Industries grown faster than its competition?
Mahan Industries has given better returns compared to its competitors. Mahan Industries has grown at ~45.7% over the last 10yrs while peers have grown at a median rate of 9.45%
Is the promoter bullish about Mahan Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Mahan Industries is 1.16% and last quarter promoter holding is 1.16%.
Are mutual funds buying/selling Mahan Industries?
There is Insufficient data to gauge this.