Annual Report

05th September, 2026 To, Manage To, Manager Dept. of Corporate Services Bombay Dept. of Corporate Services Stock Exchange Limited Phiroze The National Stock Exchange of India Limited Jeejeebhoy Tower, Exchange Plaza, Bandra Dalal Street, Mumbai – Kurla Complex, 400 001 Bandra, Mumbai – 400 051 Fax : 022- 22723121/2037/2039/2041 Fax: 022-26598237/38, 26598347/48 corp.relations@bseindia.com cmlist@nse.co.in Scrip Code : 532906 Scrip Code : MAANALU Sub: Notice of the 23rd Annual General Meeting along with the Annual Report for the Financial Year 2025-26 of Maan Aluminium Limited ('Company') – Reg. Ref: i) Regulation 34(1) of SEBI (LODR) Regulations, 2015 ii) ISIN: INE215I01027 In furtherance to the subject cited above, in terms of Regulation 34(1) of the SEBI (LODR) Regulations, 2015, as amended from time to time (‘Listing Regulations’), we wish to inform that the Twenty Third Annual General Meeting (23rd AGM) of the Members of Maan Aluminium Limited is scheduled to be held on Monday, September 28, 2026 at 11.30 A.M. IST through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), in compliance with General Circular No. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 2/2022 10/2022 and 09/2023 respectively issued by Ministry of Corporate Affairs and Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020, SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021, SEBI/HO/CFD/CMD2/CIR/P/2022/62 dated May 13, 2022, SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/001 dated January 5, 2023 and SEBI/HO/CFD/CFDPoD-2/P/CIR/2023/167 dated October 7, 2023 issued by SEBI. Accordingly, we enclose herewith the Notice of the 23rd Annual General Meeting along with the Annual Report of the Company for the financial year ended March 31, 2026, which is being sent by e-mail to those Members whose e-mail addresses are registered with the Company / Depository Participant(s) (“DP”)/ the Company s’ Registrar and Transfer Agent, MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) In terms of Regulation 46 of the Listing Regulations, the said Annual Report along with the Notice of 23rd Annual General Meeting and other relevant documents will also be available on the website of the Company at www.maanaluminium.com, website of the Stock Exchange i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively. Further, in terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended and Regulation 44 of the Listing Regulations, the Company is providing the facility to its Members to exercise their right to vote by electronic means on the businesses specified in the Notice convening the 23rd Annual General Meeting of the Company, through remote e-Voting services of MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) as well as e-Voting during the AGM. The Company has fixed 21st September, 2026 ( “Cut-off Date”) the cut-off date to determine the eligibility of the Members entitled to cast their vote by electronic means and attend the AGM scheduled to be held on Monday, September 28, 2026 at 11.30 A.M. IST through VC/OAVM Facility. Accordingly, the voting rights of Members shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date. The remote e-Voting period commences on 25th September, 2026 (9:00 A.M.) and will end on 27th September, 2026 (5:00 P.M.). The e-Voting instructions and the process to join meeting through VC/OAVM is set out in the said AGM Notice. Further the Register of member and share transfer book shall remain closed from 22nd September, 2026 to 28th September, 2026 (both days inclusive) for the purpose of ascertaining the members for the Annual General Meeting to be held on September 28, 2026 Kindly take the same on your record. Thanking you Yours Faithfully For Maan Aluminium Limited Sandeep (Company Secretary) Annual Report 2025-2026 This Report contains comprehensive information on our operational and financial performance and how these influence our strategic direction, resulting in our ability to create sustainable value . Reporting Period, Scope and Boundary The reporting period for this Integrated Report is 1 April 2025 to 31 March 2026. It provides an overview of our operations and business development activities. The Report, further, covers information on our business, along with associated activities that enable short, medium, and long -term value creation. Reporting Standards and Frameworks In this report, we have attempted to bring in more transparency and accountability through the disclosures and information provided in the initial pages of the Report. The other statutory reports, including the Board’s Report, Management Discussion and Analysis (MD&A) section, the Corporate Governance Report and the Business Responsibility Report, are in line with the Companies Act, 2013, Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the prescribed Secretarial Standards. Management Assurance Our Company’s senior management, under supervision of the Chairman and Managing Director, has reviewed the Report content. The Board members of our Company have provided the required governance oversight. A Greater Maan Maan is on an exciting trajectory where a great organisation is poised to becoming greater Employee Motivation & Engagement Excellence Award Fire Fighting Training - External Employee Engagement Blood Donation Camp Health Check Up Camp New Year Celebration 2026 Get Together Birthday Celebration Independence Day 2025 Trainings 2025 Reward and Recognition Childrens Day Industrial Visit 2025 CSR Fire Mockdrill 2025 Pictionary Contents Pg No CORPORATE OVERVIEW Corporate Information 07-18 STATUTORY REPORTS Management Discussion and Analysis Report 19-23 Notice 24-40 Board’s Report 41-60 Corporate Governances Report 61-82 FINANCIAL STATEMENTS Independent Auditor’s Report 84-90 Balance Sheet 91 Statement of Profit and Loss 92 Cash Flow Statement 93 Notes 94-121 Corporate Information Registrar and Share Transfer Agent Chairman & Managing Director M/s. MUFG Intime India Private Limited Mr. Ravinder Nath Jain (Formerly Link Intime India Private Limited) Noble Heights, 1 st Floor, Plot NH 2,C -1 Block LSC, Executive Director Near Savitri Market Janak Puri, New Delhi -110058 Mr. Ashish Jain Phone : +91 11 4941 1000; Fax : +91 11 4141 0591 Email : delhi@linkintime.co.in Promoter Director (Women Director) Investor Helpdesk Mrs. Priti Jain Phone : +91 -11-4941 1000; Email : info@maanaluminium.in , Director & COO delhi@linkintime.co.in Mr. Naveen Gupta Independent Directors Mr. Suresh Chander Malik (ceased with effect from Audit Committee 31st Match, 2026) Mr. Anil Kumar Jain -Chairman Mr. Rajpal Jain Mr. Ashish Jain -Member Mr. Anil Kumar Jain Mr. Sujoy Bhatia -Member Mr. Sujoy Bhatia Mr. Karan Bhatia (Appointed w.e.f. 01 st April, 2026) Company Secretary & Chief Financial Officer Mr. Sandeep Kumar Agarwal -Company Secretary Mr. Umesh Chandra Pant -Chief Financial Officer Nomination and Remuneration Committee Mr. Rajpal Jain -Member Statutory Auditors Mr. Anil Kumar Jain M/s. Khandelwal & Khandelwal Associates, Mr. Sujoy Bhatia Chartered Accountants Cost Auditors Mr. Vivek Bothra, Cost Accountants Banker(s) HDFC Bank Ltd. Citi Bank N.A. Stakeholders’ Relationship Committee Mr. Ashish Jain -Member Registered Office Mr. Anil Kumar Jain 4/5, Ist Floor, Asaf Ali Road, New Delhi – 110002 Mr. Sujoy Bhatia CIN: L30007DL2003PLC214485 Telephone: 011 -40081800 -30 Email: info@maanaluminium.in Website: www.maanaluminium.com Corporate Social Responsibility Committee Plant Mr. Suresh Chandra Malik -Chairman Plot No. 67, 68 -A & 75, Sector 1, Pithampur Mr. Ashish Jain -Member Industrial Area, Pithampur Ms. Priti Jain -Member Dist.: Dhar (M.P.), Ph.: 07292 -472500 Pinnacle of Precision in Aluminum E [Showing first 8,000 characters — download PDF for full document]