Mahamaya Steel Industries Limited
Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.
What Mahamaya files
- Others43
- Important32
- Board Meeting14
- Updates4
- Credit Ratings2
- Results2
Mahamaya Steel's board approved raising borrowing limits to ₹900 Cr and inter-corporate loan/investment limits to ₹900 Cr (plus ₹300 Cr for group entities). Also greenlit material transactions for a solar project, new statutory auditors, and re-appointed an independent director.
Mahamaya Steel has announced a board meeting on Saturday, August 22. Key agenda items include deciding the date for the 38th Annual General Meeting (FY25-26) and appointing a Scrutinizer for the e-voting process.
MAHASTEEL's board redeemed 8% preference shares worth 2 Cr. This action reduces the company's outstanding preference share capital, impacting its capital structure.
The Board approved MD's 5-year reappointment. Crucially, it seeks shareholder nod for increased borrowing limits and enhanced financial flexibility, including asset charges, investments, and related party transactions at the upcoming AGM.