Mahan Industries Board Approves ₹29.83 Crore Preferential Issue Triggering Open Offer

Board approved preferential issue of 32 lakh equity shares at Rs 12/sh (Rs 3.84 Cr) and 2.16 Cr convertible warrants at Rs 12/warrant (Rs 25.99 Cr), aggregating ~Rs 29.8 Cr. Issue triggers mandatory open offer and change in control, with Shah Nishil Sanjaykumar and Niranjankumar Navratanmal Jain becoming promoters. EGM on Aug 15 for shareholder approval.