The board of directors of Mahan Industries Limited meeting held on May 17, 2024, The board appointed Mr. Yash Kamleshkumar Shah as an Additional Director under the category Independent Director of the Company with effect from May 17, 2024 subject to the necessary approvals. Mr. Yash Kamleshkumar Shah is a Commerce graduate (B.Com) and pursuing Bachelor in Law from Gujarat University. He has strong command, understanding and knowledge of finance industry. He is also Proprietor in Proprietary Firm i.e. Shree Punit Jewellers. The board took note of cessation of Mr. Lalit Kajorimal Sharma due to completion of two consecutive terms of 5 years as an Independent Director of the company. The board considered and took note of appointment of Mr. Ritendrasinh Kishorsinh Rathod (ACS 34297) as a Company Secretary and Compliance Officer of the Company with effect from February 16, 2024. The board approved Reconstitution of following committees of the Board. Audit Committee: Mr. Yash Kamleshkumar Shah- Chairman; Mr. Astik Kalpeshbhai Trivedi and Mr. Yogendrakumar Prabhudayal Gupta- members. Nomination and Remuneration Committee: Mr. Yash Kamleshkumar Shah- Chairman; Mr. Astik Kalpeshbhai Trivedi and Ms. Hiralben Pravinkumar Kubavat -members. Stakeholders Relationship Committee: Mr. Yash Kamleshkumar Shah- Chairman; Mr. Astik Kalpeshbhai Trivedi and Mr. Sunil Prataprai Gurnani -members.

The board appointed Mr. Yash Kamleshkumar Shah as an Additional Director under the category Independent Director of the Company with effect from May 17, 2024 subject to the necessary approvals. Mr. Yash Kamleshkumar Shah is a Commerce graduate (B.Com) and pursuing Bachelor in Law from Gujarat University. He has strong command, understanding and knowledge of finance industry. He is also Proprietor in Proprietary Firm i.e. Shree Punit Jewellers.