MAAN Aluminium strengthens the board with Karan Bhatia’s strategic appointment

MAAN Aluminium Limited, the manufacturer and trader of aluminium profiles, made an announcement of expanding its leadership team by adding a new member. The firm appointed Mr Karan Bhatia as an Additional Non-Executive Independent Director. This new appointment aligns with the firm's commitment to strengthening its foundations and steering it towards continued success.

The appointment of Mr Karan Bhatia as an Additional Non-Executive Independent Director was approved by the Board of Directors, acting on the recommendations of the Nomination and Remuneration Committee.

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This appointment, which is subject to shareholder approval within the next three months, will be effective from April 1, 2026 and will last for the next 5 years. Mr Bhatia’s Director Identification Number (DIN) is 11633574. The details of this decision have been passed by a resolution that was circulated on March 31, 2026.

About the newly appointed

With over five decades of experience in the Indian film distribution industry, Mr Bhatia has an exceptional industry expertise. His professional journey began in 1976 when he joined his family's film distribution business after graduating from Hansraj College.

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Throughout his career, he has collaborated with prominent companies like Bobby Art International and HK Tandon, overseeing the distribution of over 600 new films across India. From 2019, he has been leading an independent distribution operation under JB Pictures, utilising his deep expertise in strategic distribution, market understanding and industry relationships.

Adhering to the compliances

For the appointment of the newly independent director, the firm had to maintain the relevant SEBI regulations, confirming that he is not barred from serving as a director. The requirements outlined in the BSE circular from June 2018 align with the new appointment, and the other required procedures have been followed to ensure compliance.

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The independence in the role

From the existing firm's leadership structure, the newly appointed will be maintaining complete independence. No familial ties to any existing Director of the firm have been confirmed in the disclosure. This ensures he meets the independence requirements for directors under corporate governance guidelines.

What’s next?

The firm's shareholders are required to provide formal approval for the appointment, and it must be shared within the next three months of the board resolution date. The three-month date matches the regulatory requirement, considering the director appointment, and ensures oversight of the shareholders concerning the board composition changes. 

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