Mahan Industries Ltd. has announced a board meeting to review the financial results for the quarter and half-year.

The company confirms that there has been no deviation or variation in the utilization of proceeds from its preferential equity share issue of Rs. 2.25 crore.

The funds raised were fully deployed as intended—to meet working capital needs, support the capital adequacy of its NBFC business, and general corporate purposes.

This transparency reassures shareholders about disciplined fund management and adherence to stated objectives.