MAHAN INDUSTRIES LTD. - Board Meeting Outcome for Board Meeting Held On May 17, 2024

1. Considered and Appointed Mr. Yash Kamleshkumar Shah (DIN: 10565098) as an Additional Director under the category of Non-Executive Independent Director subject to necessary approvals. 2. 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. 3. Considered and Approved Reconstitution of committees of the Board. 4. Considered and took note of Appointment of Mr. Ritendrasinh Kishorsinh Rathod (ACS 34297) as a Company Secretary and Compliance Officer of the Company