Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the ....

MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : +91-6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in Date: 25/08/2026 The Manager Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 531515 Sub: Outcome of the Meeting of the Board of Directors held on Tuesday, 25th August, 2026 - Appointment of Independent Director Ref: Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. Tuesday, 25th August, 2026, inter alia, considered and approved the following: 1. Appointment of Independent Director On the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Riddhi Hardishkumar Shah (DIN: 11904921) as an Additional Director in the capacity of Non-Executive Independent Director of the Company, not liable to retire by rotation, for a term of 5 (five) consecutive years with effect from 25th August 2026 up to 24th August 2031 (both days inclusive), subject to the approval of the Members of the Company by way of a Special Resolution. The Board has, based on the declaration of independence received under Section 149(7) of the Companies Act, 2013 and Regulation 25(8) of the Listing Regulations, and other confirmations received, satisfied itself that Riddhi Hardishkumar Shah (DIN: 11904921) meets the criteria of independence prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the Listing Regulations, and is independent of the management. The details as required under Regulation 30 read with Para A(7B) of Part A of Schedule III of the Listing Regulations, the SEBI Master Circular for listed entities, and BSE Circular dated 20 June 2018 are enclosed as Annexure – A. MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : +91-6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in 2. Reconstitution of Committees of the Board Consequent to the appointment of Riddhi Hardishkumar Shah (DIN: 11904921) as stated above and the cessation of Yash Kamleshbhai Shah with effect from 08th August 2026, the Board, on the recommendation of the Nomination and Remuneration Committee, approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee of the Company with effect from 25th August 2026. The post-reconstitution composition of the Committees is enclosed as Annexure – B. The meeting of the Board of Directors commenced at 03.30 PM and concluded at 04.00PM. You are requested to take the above information on record. Thanking you, Yours truly, For, MAHAN INDUSTRIES LIMITED Nishil Sanjaykumar Shah Director DIN: 09165405 Encl: Annexure – A and Annexure – B MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : +91-6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in PART 2 — ANNEXURE A (Reg. 30 / Para A(7B) disclosure) Details required under Regulation 30 read with Para A(7B) of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and the SEBI Master Circular for compliance by listed entities Sr. Particulars Details 1 Name of the Director Riddhi Hardishkumar Shah 2 DIN 11904921 Appointment - to strengthen the Board and to comply Reason for change viz. with the composition requirements under Regulation 3 appointment, resignation, 17 of the Listing Regulations and to fill the vacancy removal, death or otherwise caused by Yash Kamleshkumar Shah. Appointed as an Additional Director in the capacity of Independent Director w.e.f. 25th August 2026, for a term Date of appointment and term of 4 of 5 (five) consecutive years up to 24th August 2031, not appointment liable to retire by rotation, subject to approval of Members by Special Resolution Riddhi Hardishkumar Shah is an Associate Member of the Institute of Company Secretaries of India and holds a Bachelor’s degree in Commerce from Gujarat University. She is also a law graduate. She has over 3 years of professional experience in the field of corporate laws, secretarial practice and 5 Brief profile regulatory compliance. Her areas of expertise include compliance under the Companies Act, 2013 and the Rules framed thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the SEBI (Prohibition of Insider Trading) Regulations, 2015 and other applicable securities laws and advisory on corporate governance matters. Disclosure of relationship Riddhi Hardishkumar Shah is not related to any of the between directors Directors or Key Managerial Personnel of the Company. Information as required under Riddhi Hardishkumar Shah is not debarred from 7 BSE Circular dated 20 June 2018 holding the office of director by virtue of any SEBI Order (LIST/COMP/14/2018-19) or any other such authority. 8 Shareholding in the Company Nil Directorships held in other listed 9 Nil entities MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : +91-6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in Membership/Chairmanship of 10 Nil Committees of other Boards Registered with the Independent Directors’ Databank Registration with Independent 11 maintained by the Indian Institute of Corporate Affairs Directors' Databank (IICA) (IICA). Whether appointment is 12 pursuant to an agreement under No Regulation 30A MAHAN INDUSTRIES LIMITED CIN: L91110GJ1995PLC024053 Regd. Office: B-107, Sankalp Iconic Tower, Iscon Temple Cross Road, S.G Highway, Ahmedabad- 380054, Gujarat, India. Ph : +91-6355895061 E-mail ID : cs@mahan.co.in Web: www.mahan.co.in ANNEXURE B Composition of the Committees of the Board of Mahan Industries Limited with effect from 25th August 2026 1. Audit Committee Sr. Name of Member Category Position Non-Executive - Independent 1 Amita Chhaganbhai Pragada Chairperson Director,Member Non-Executive - Independent 2 Sushilkumar Goel Member Director,Member 3 Yogendrakumar Prabhudayal Gupta Executive Director,Member Member 2. Nomination and Remuneration Committee Sr. Name of Member Category Position Non-Executive - Independent 1 Amita Chhaganbhai Pragada Chairperson Director,Member Non-Executive - Independent 2 Sushilkumar Goel Member Director,Member Non-Executive - Independent 3 Riddhi Hardishkumar Shah Member Director,Member 3. Stakeholders' Relationship Committee Sr. Name of Member Category Position Non-Executive - Independent 1 Amita Chhaganbhai Pragada Chairperson Director,Member Non-Executive - Independent 2 Sushilkumar Goel Member Director,Member 3 Yogendrakumar Prabhudayal Gupta Executive Director,Member Member