Corrigendum to the Notice of EGM to be held on August 15, 2026

MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : 6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in August 3, 2026 The Corporate Relations Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai –400001 BSE SCRIP CODE: 531515 Sub: Corrigendum to the Notice of Extra Ordinary General Meeting ("EGM Notice") – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, This is in continuation of our letter dated July 20, 2026, whereby the Company had submitted the Notice convening the Extra Ordinary General Meeting ("EGM") of the Members of the Company scheduled to be held on Saturday, August 15, 2026, for seeking the approval of the Members, inter alia, for the proposed preferential issue of Equity Shares and Fully Convertible Warrants. Pursuant to Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had submitted an application with BSE Limited seeking In-Principle Approval for the proposed preferential issue of Equity Shares and Fully Convertible Warrants. Subsequently, BSE Limited, vide its Query dated July 29, 2026, advised the Company to provide certain clarifications and additional disclosures in relation to the proposed preferential issue by way of a Corrigendum to the EGM Notice. Accordingly, we hereby enclose a copy of the Corrigendum to the EGM Notice which shall form an integral part of the said EGM Notice in accordance with the applicable provisions of the Companies Act, 2013 (“Act”). Except to the extent modified by the Corrigendum, all other contents, terms and conditions of the EGM Notice shall remain unchanged. The Corrigendum is being circulated to all the Members of the Company whose email addresses are registered with the Company/Depositories and is also being made available on the website of the Company at www.mahan.co.in. Kindly take the above information on record. Thanking You, For, Mahan Industries Limited Shah Nishil Sanjaykumar Executive Director DIN: 09165405 Enclosed: A/a MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : 6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in CORRIGENDUM TO THE NOTICE OF THE EXTRA ORDINARY GENERAL MEETING This Corrigendum is being issued in continuation of the Notice convening the Extra Ordinary General Meeting ("EGM") of the Members of Mahan Industries Limited ("Company") scheduled to be held on Saturday, August 15, 2026 at 11:00 A.M. at the Registered Office of the Company situated at B- 107, Sankalp Iconic Tower, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G. Highway, Ahmedabad – 380054, Gujarat, India. The Company had issued the Notice dated July 16, 2026 convening the Extra Ordinary General Meeting of the Members of the Company ("EGM Notice"), scheduled to be held on Saturday, August 15, 2026 at 11:00 A.M., in compliance with the provisions of the Companies Act, 2013 read with the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable laws. Pursuant to Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had submitted an application with BSE Limited ("BSE") seeking In-Principle Approval for the proposed preferential issue of Equity Shares and Fully Convertible Warrants, as set out in Item Nos. 1 and 2 of the EGM Notice read together with the Explanatory Statement annexed thereto. Subsequently, BSE Limited, vide its Query dated July 29, 2026, advised the Company to provide certain clarifications and additional disclosures in relation to the proposed preferential issue by way of a Corrigendum to the EGM Notice. Accordingly, we hereby enclose a copy of the Corrigendum to the EGM Notice which shall form an integral part of the said EGM Notice in accordance with the applicable provisions of the Companies Act, 2013 (“Act”). Except to the extent modified by the Corrigendum, all other contents, terms and conditions of the EGM Notice shall remain unchanged. Accordingly, the Members of the Company are requested to take note of the revised disclosures forming part of the Explanatory Statement to the EGM Notice as set out hereunder. MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : 6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in Revised Explanatory Statement Paragraphs Points Relating to Item No.1 & 2 6. The class or classes of persons to whom the allotment is proposed to be made: The allotment is proposed to be made to the Proposed Promoters & Non-Promoters. The Details of the same are provided hereunder: Sr Name of the *Category No. of No of Post Preferential Issue No Allottee (Promoter and Equity Warrants (32,00,000 Equity Non-promoter) Shares proposed to Shares and 2,16,55,216 proposed be allotted Warrants*) to be *Assuming full allotted conversion of warrants 1 2 2 3 4 No. of % of shares held share holding 1 Shah Nishil Promoter 13.60 Sanjaykumar 22,00,000 17,56,000 39,90,953 2 Sanjaykumar S Shah Promoter - 6.13 Group 18,00,000 18,00,000 3 Shah Hemal Promoter - 6.13 Sanjaykumar Group 18,00,000 18,00,000 4 Sanjaykumar Promoter - 1.70 Sevantilal Shah HUF Group 5,00,000 5,00,000 5 Shah Nishil Promoter - 1.64 Sanjaykumar HUF Group 4,81,790 4,81,790 6 Arunaben Promoter - 3.81 Vinodchandra Group 11,19,206 11,19,206 Dhandhara 7 Tushar S Shah Non-promoter - 1.60 4,70,220 4,70,220 8 Tushar Non-promoter - 1.36 Shashikantbhai Shah 4,00,000 4,00,000 9 Shah Amee T Non-promoter - 2.90 6,00,000 8,50,000 10 Noopur Kushan Non-promoter - 1.37 Farkiwala 3,00,000 4,03,000 11 Kushan Kiritkumar Non-promoter - 1.02 Farkiwala 3,00,000 3,00,000 12 Kushan Kiritkumar Non-promoter - 1.02 Farkiwala HUF 3,00,000 3,00,000 13 Kapadia Finwealth Non-promoter - 2.21 LLP 4,00,000 6,50,000 14 Niranjankumar Promoter 5.82 Navratanmal Jain 10,00,000 6,90,000 17,07,716 MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : 6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in 15 Neha Niranjan Jain Promoter - 3.24 Group 9,50,000 9,50,000 16 Monal Niranjanbhai Promoter - 3.24 Jain Group 9,50,000 9,50,000 17 Shashank Vyas Promoter - 2.90 Group 8,50,000 8,50,000 18 Ankit Jain Promoter - 2.90 Group 8,50,000 8,50,000 19 Dhaval Non-promoter - 0.68 Mangalprasad Shah 2,00,000 2,00,000 20 Dhaval M Shah HUF Non-promoter - 0.68 2,00,000 2,00,000 21 Ashish Mangalbhai Non-promoter - 0.68 Shah 2,00,000 2,00,000 22 Shah Ashish Non-promoter - 0.68 Mangalbhai HUF 2,00,000 2,00,000 23 Krunal Dilipbhai Non-promoter - 0.68 Shah HUF 2,00,000 2,00,000 24 Shah Krunal Non-promoter - 0.68 Dilipkumar 2,00,000 2,00,000 25 Shah Architaben Non-promoter - 0.68 Krunal 2,00,000 2,00,000 26 Jinal Nitinkumar Non-promoter - 0.85 Patel 2,50,000 2,50,000 27 Nitin Pravinchandra Non-promoter - 1.15 Jain 3,38,000 3,38,000 28 Ravi I Wadhwa HUF Non-promoter - 1.02 3,00,000 3,00,000 29 Sneh Ravi Wadhwa Non-promoter - 0.68 2,00,000 2,00,000 30 Tarun Shah Non-promoter - 1.70 5,00,000 5,00,000 31 Ekta Tarun Shah Non-promoter - 0.85 2,50,000 2,50,000 32 Gautam Keshavlal Non-promoter - 3.76 Chauhan 9,50,000 11,05,000 33 Pradipkumar N Non-promoter - 3.72 Vegda 9,50,000 10,92,000 34 GVP Infotech Non-promoter - 6.81 Limited 20,00,000 20,00,000 Total 87.92 32,00 [Showing first 8,000 characters — download PDF for full document]