Maithan Alloys Limited
Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.(Source : 201903 Annual Report Page No: 88)
What Maithan files
- Others141
- Important24
- Board Meeting12
- Dividend/Bonus11
- Updates4
- Credit Ratings4
Maithan Alloys has completed the merger of its wholly-owned subsidiary, Impex Metal & Ferro Alloys. The scheme is now operative and effective, with all assets and liabilities transferred to Maithan Alloys. Impex Metal & Ferro Alloys has been dissolved, streamlining the company structure.
Maithan Alloys' Kalyaneshwari ferro alloys unit, which has been operating at reduced capacity since August 2024, is set to resume full capacity operations starting May 1, 2026. This update indicates a return to normal production levels after a period of lower output.
Maithan Alloys applied to stock exchanges to re-classify certain individuals and an HUF from promoter to public shareholders. This move, awaiting exchange approval, will alter the company's ownership structure and potentially increase its public float.
Four promoter group members, holding 5.11% (14.88 lakh shares), sought reclassification as public shareholders. The Board will consider this request, potentially impacting the company's ownership structure.
Maithan Alloys will establish a new Non-Banking Financial Company (NBFC) subsidiary. The Board also appointed Mr. Sreejith A. Thazhemadam as the new Plant Head for its Visakhapatnam Unit, strengthening operational leadership.