Maan Aluminium Q1 FY26 results CFO change AGM date announced
Noor Mohmmed
12/Aug/2025
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Board approves unaudited Q1 FY26 results with profit of ₹2.73 crore and revenue of ₹211.19 crore.
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CFO Sandeep Kumar Agarwal resigns; Umesh Chandra Pant appointed effective August 12, 2025.
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AGM to be held on September 23, 2025 via video conferencing in compliance with MCA and SEBI guidelines.
Maan Aluminium Limited, a leading aluminium products manufacturer listed on the NSE and BSE, has announced its unaudited financial results for the quarter ended June 30, 2025 along with significant corporate developments, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company’s Board of Directors met on August 12, 2025 at its registered office in New Delhi to review and approve the financial performance and other key matters.
Financial Performance – Q1 FY26
For the quarter ended June 30, 2025, Maan Aluminium reported:
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Revenue from operations at ₹211.19 crore compared to ₹245.86 crore in the previous quarter and ₹176.78 crore in the same period last year.
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Other income stood at ₹1.99 crore, bringing the total income to ₹213.18 crore.
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Total expenses were ₹209.52 crore, resulting in a profit before tax of ₹3.66 crore.
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After accounting for tax expenses, the net profit was ₹2.73 crore, as against ₹3.91 crore in the previous quarter.
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Basic and diluted EPS for the quarter stood at ₹0.50.
The company continues to operate in a single business and geographical segment, and the financials are prepared as per Ind AS 108 – Operating Segments.
Key Board Decisions
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Approval of Unaudited Financial Results
The Board approved the Q1 FY26 unaudited financial results along with the Limited Review Report issued by the Statutory Auditors, M A K & Associates. -
Resignation of CFO – Sandeep Kumar Agarwal
The Board took note of the resignation of Mr. Sandeep Kumar Agarwal from the position of Chief Financial Officer (CFO) effective close of business on August 12, 2025. -
Appointment of New CFO – Umesh Chandra Pant
On the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Umesh Chandra Pant as the new CFO effective August 12, 2025.Brief Profile of Mr. Umesh Chandra Pant:
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Finance professional with over 12 years of experience in corporate finance, project finance, trade finance, treasury operations, and international business.
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Expertise in consortium banking, loan syndication, treasury management, forex risk management, and compliance with FEMA/RBI guidelines.
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Holds qualifications as a Cost and Management Accountant (CMA) and a Post Graduate Programme in Management (Finance & International Business) from IMT-CDL.
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22nd Annual General Meeting (AGM)
The Board announced that the 22nd AGM will be held on September 23, 2025 at 12:30 PM through Video Conferencing (VC)/Other Audio Visual Means (OAVM), in compliance with MCA and SEBI circulars.
Auditor’s Review
The Statutory Auditors conducted a Limited Review of the Q1 FY26 results in accordance with SRE 2410 issued by the ICAI. The auditors concluded that there was no material misstatement and the results were prepared in compliance with applicable Indian Accounting Standards and SEBI disclosure requirements.
Market Impact & Outlook
With a modest profit despite a sequential decline in revenue, Maan Aluminium’s performance reflects steady operational management amid market fluctuations in raw material costs and demand cycles. The appointment of an experienced CFO is expected to strengthen the company’s financial strategy.
The AGM in September will provide shareholders with an opportunity to discuss the company’s long-term growth plans, financial strategy, and governance updates.
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