Maan Aluminium Reports Utilization of Funds Raised via Preferential Issue
Maan Aluminium Limited has reported on the utilization of funds raised through a Preferential Issue of Equity, providing details for the quarter and financial year ended March 31, 2026. The company confirmed that there was no deviation or variation in the use of funds.The company had originally raised funds via a Preferential Issue of Equity on January 16, 2026 (the date of Approval and Allotment of Shares). The total consideration received amounted to 8319.00 Lakhs INR. This capital raise involved the allotment of 59,00,000 equity shares, each with a face value of Rs. 5/-. The shares were issued at an issue price of Rs. 141/- per equity share, which included a premium of Rs. 136/- per equity share.
The funds raised were designated for three primary objectives: capital expenditure on the project for aluminum extrusion, tubbing, and other value-added processes; meeting the working capital requirements of the Company; and general corporate purpose.
The company disclosed the detailed allocation and utilization of these funds through a comprehensive statement.
Fund Utilization Summary (As of March 31, 2026)
The table below summarizes the original allocation against the total amount of funds utilized by Maan Aluminium Limited for the period ending March 31, 2026.| Original Object | Original Allocation (Amt in INR in Lakhs) | Funds Utilised (Amt in INR in Lakhs) Till 31.03.2026 |
|---|---|---|
| Capital expenditure on the project for aluminum extrusion, tubbing and other value-added processes | 4000 | 240 |
| To meet the working capital requirements of the Company | 2800 | 2800 |
| General Corporate Purpose | 1519 | 1519 |
| Total | 8319 | 4559 |
The overall statement confirmed that there was no deviation in the objects for which the funds were raised, and the funds utilized by the company by the end of the financial year amounted to 4559 Lakhs INR.
MAANALU Stock Price Movement
On Friday, Maan Aluminium Limited shares slipped by 3.32% to settle at ₹138.17, closing significantly below the previous day's close. Trading activity saw a notable volume of 112,116 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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