Integrated Filing — IndAS



General information about company

Scrip Code 590078
NSE Symbol MAITHANALL
MSEI Symbol NOTLISTED
ISIN INE683C01011
Name of company MAITHAN ALLOYS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 16-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 16-05-2026   12:30:00
End date and time of board meeting 16-05-2026   18:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 28-05-2025
Indicate Company website link for updated RPT policy of the Company https://www.maithanalloys.com/wp-content/uploads/2025/08/Related-Party-Transactions-Policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Disclosure for the Default on Loans and Debt Securities is not applicable on the Company. Since , the Company has not defaulted on Loans and Debt securities.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 57,707.00 2,25,141.00
Other income (16,213.00) 44,554.00
Total income 41,494.00 2,69,695.00
2 Expenses
(a) Cost of materials consumed 18,559.00 80,329.00
(b) Purchases of stock-in-trade 21,991.00 68,267.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (4,794.00) (9,770.00)
(d) Employee benefit expense 2,064.00 8,951.00
(e) Finance costs 1,331.00 4,092.00
(f) Depreciation, depletion and amortisation expense 325.00 1,366.00
(f) Other Expenses
1 Power Cost 7,104.00 40,865.00
2 Other Expenses 5,758.00 19,832.00
Total other expenses 12,862.00 60,697.00
Total expenses 52,338.00 2,13,932.00
3 Total profit before exceptional items and tax (10,844.00) 55,763.00
4 Exceptional items 0.00 0.00
5 Total profit before tax (10,844.00) 55,763.00
6 Tax expense
7 Current tax 4,618.00 18,430.00
8 Deferred tax (6,662.00) (5,507.00)
9 Total tax expenses (2,044.00) 12,923.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (8,800.00) 42,840.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (8,800.00) 42,840.00
17 Other comprehensive income net of taxes (1.00) 14.00
18 Total Comprehensive Income for the period (8,801.00) 42,854.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,911.00 2,911.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 4,04,617.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -30.24 147.16
Diluted earnings (loss) per share from continuing operations -30.24 147.16
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -30.24 147.16
Diluted earnings (loss) per share from continuing and discontinued operations -30.24 147.16
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to the Statement of Audited Standalone Financial Results for the quarter and year ended March 31, 2026 4. The above Audited Standalone Financial Results, have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 16, 2026. The Statutory Auditors of the Company who have issued unmodified audit reports thereon. 5. The Audited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 (the Regulation) as amended. 6. Maithan Electronics Private Limited, a subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on January 27, 2026 with the objects to explore the opportunities available into manufacturing of high-tension cable and is yet to commence its business operations. 7. Maithan Capital Limited, a wholly owned subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on December 18, 2025 with the objects to undertake NBFC activities. Maithan Capital Limited is in process of submitting an application before Reserve Bank of India for obtaining Certificate of Registration (CoR). Maithan Capital Limited is yet to commence its business activity pending the receipt of CoR from Reserve Bank of India. 8. Based on G.O.Ms.No.07 dated February 23, 2026 issued by the Government of Andhra Pradesh, the Government extended the concession relating to reduction in tariff charges (Demand Charges) and electricity duty applicable to Ferro Alloy Producers for a further period of one year beyond March 31, 2025. The notification clarified that the same concessions granted under earlier Government Orders would continue up to March 31, 2026 as a final extension. Pending issuance of the above notification, the Company had paid demand charges at normal tariff rates during the period from April 2025 to January 2026. Pursuant to the issuance of the aforesaid Government Order in February 2026 and consequent confirmation of eligibility for concession, the excess demand charges paid earlier became recoverable. Accordingly, the Company has recognized a refund of demand charges amounting to Rs. 22.54 Crore and reduced the same from power cost during the quarter ended March 31 2026. 9. The Board of Directors of the Company in its meeting held on May 28, 2025 had approved a Scheme of Merger by Absorption (Scheme) of Impex Metal & Ferro Alloys Limited (Impex) and Maithan Alloys Limited (MAL) under the provisions of Section 230 to 232 and other applicable provisions of the Companies Act, 2013. The Scheme provides for the merger of Impex into MAL. Necessary application has been filed with Honble National Company Law Tribunal (NCLT) on 02 August, 2025. The Scheme is conditional upon and subject to necessary statutory and regulatory approvals under applicable laws, including the jurisdictional National Company Law Tribunal. NCLT has reserved its order in the said matter. 10. Other Income includes the Fair value gain and realised gain (net) on Current / Non-Current Investments measured at fair value through profit or loss amounting to Rs. -193.39 Crore for the Quarter ended March 2026; ( Rs. 52.86 Crore for the Quarter ended December 2025); ( Rs. -138.09 Crore for the Quarter ended March 2025); ( Rs. 276.00 Crore for the year ended March 2026) and ( Rs. 647.80 Crore for the year ended March 2025) 11. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has evaluated the impact of the New Labour Codes in respect of its own employees and there is no material impact on the standalone financial results. The Company has evaluated the impact of the OSHWC Code, 2020 regarding contract labour. Based on this assessment and existing service contracts, there is no financial impact on the current reporting period. The contractual obligation for statutory contributions and wage payments rests with the respective licensed contractors. The Company has monitored compliance and concluded that no secondary liability has devolved upon it during the reporting period. As the Company does not engage contract labour for core activities, no additional direct liability or permanent employment obligations have been triggered under the new framework. 12. The Board of Directors of the Company, at their meeting held on May 16, 2026, has declared First Interim Dividend of Rs. 11/- per equity share (face value Rs. 10/- per equity share), for the financial year 2025-26. 13. The Board of Directors of the Company have recommended a final dividend of Rs. 6/- per share (face value Rs. 10/- per equity share) for the year ended March 31, 2026, at their meeting held on May 16, 2026. The payment of final Dividend is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company. 14. The figures for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial years. Also, the figures up to the end of third quarter had only been reviewed and not subjected to audit. 15. The result for quarter and year ended March 31, 2026 are available on the BSE Limited website (URL:www.bseindia.com), the National Stock Exchange of India Limited website (URL:www.nseindia.com) and on the Companys website (URL:www.maithanalloys.com). For Maithan Alloys Limited Subodh Agarwalla Whole time Director & CEO Place: Kolkata Date : May 16, 2026.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 11,438.00
Capital work-in-progress 97.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 29.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 1,35,129.00
Trade receivables, non-current 0.00
Loans, non-current 671.00
Other non-current financial assets
1 Other Financial Assets 4,370.00
Total of other non-current financial assets 4,370.00
Total non-current financial assets 1,40,170.00
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 516.00
2 Non Current Tax Assets 1,140.00
Total of other non-current assets 1,656.00
Total non-current assets 1,53,390.00
2 Current assets
Inventories 62,899.00
Current financial asset
Current investments 1,65,312.00
Trade receivables, current 14,545.00
Cash and cash equivalents 4,133.00
Bank balance other than cash and cash equivalents 4,426.00
Loans, current 52,497.00
Other current financial assets
Total of other current financial assets 8,634.00
Total current financial assets 2,49,547.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 9,868.00
Total of other current assets 9,868.00
Total current assets 3,22,314.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4,75,704.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,911.00
Other equity 4,04,617.00
Total equity attributable to owners of parent 4,07,528.00
Non controlling interest
Total equity 4,07,528.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 184.00
Total of other non-current financial liabilities 184.00
Total non-current financial liabilities 184.00
Provisions, non-current 264.00
Deferred tax liabilities (net) 16,756.00
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 17,204.00
Current liabilities
Current financial liabilities
Borrowings, current 22,889.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 302.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7,617.00
Total Trade payable 7,919.00
Other current financial liabilities
1 Lease Liabilities 6.00
2 Other current financial liabilities 6,551.00
Total of other current financial liabilities 6,557.00
Total current financial liabilities 37,365.00
Other current liabilities 11,010.00
1 Other current liabilities 11,010.00
Total of other current liabilities 11,010.00
Provisions, current 15.00
Current tax liabilities (Net) 2,582.00
Deferred government grants, Current
Total current liabilities 50,972.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 68,176.00
Total equity and liabilites 4,75,704.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Ferro Alloys 57,707.00 2,25,141.00
2 Real Estate 0.00 0.00
3 Unallocated 0.00 0.00
Total Segment Revenue 57,707.00 2,25,141.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 57,707.00 2,25,141.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Ferro Alloys 7,826.00 23,075.00
2 Real Estate 0.00 0.00
3 Unallocated 0.00 0.00
Total Profit before tax 7,826.00 23,075.00
i. Finance cost 1,331.00 4,092.00
ii. Other Unallocable Expenditure net off Unallocable income 17,339.00 (36,780.00)
Profit before tax (10,844.00) 55,763.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Ferro Alloys 1,02,268.00 1,02,268.00
2 Real Estate 22,716.00 22,716.00
3 Unallocated 3,50,720.00 3,50,720.00
Total Segment Asset 4,75,704.00 4,75,704.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 4,75,704.00 4,75,704.00
4 Segment Liabilities
Segment Liabilities
1 Ferro Alloys 25,949.00 25,949.00
2 Real Estate 0.00 0.00
3 Unallocated 42,227.00 42,227.00
Total Segment Liabilities 68,176.00 68,176.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 68,176.00 68,176.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurements of the net defined benefit plans (2.00) 19.00
Total Amount of items that will not be reclassified to profit and loss (2.00) 19.00
2 Income tax relating to items that will not be reclassified to profit or loss (1.00) 5.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (1.00) 14.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 55,763.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4,092.00
Adjustments for decrease (increase) in inventories (4,095.00)
Adjustments for decrease (increase) in trade receivables, current 148.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (4,678.00)
Adjustments for decrease (increase) in other non-current assets (50.00)
Adjustments for other financial assets, non-current (487.00)
Adjustments for other financial assets, current 1,887.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (2,652.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 6,432.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,366.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (91.00)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (1,031.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 84.00
Adjustments for dividend income 4,854.00
Adjustments for interest income 6,349.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 4,340.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (33,155.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (352.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (39,445.00)
Net cash flows from (used in) operations 16,318.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 16,597.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (279.00)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 3,203.00
Cash flows used in obtaining control of subsidiaries or other businesses 14,108.00
Other cash receipts from sales of equity or debt instruments of other entities 2,78,349.00
Other cash payments to acquire equity or debt instruments of other entities 2,18,148.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2,388.00
Purchase of property, plant and equipment 356.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 4,098.00
Cash advances and loans made to other parties 11,002.00
Cash receipts from repayment of advances and loans made to other parties 1,111.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 4,854.00
Interest received 3,252.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (764.00)
Net cash flows from (used in) investing activities 44,681.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 33,831.00
Payments of lease liabilities 32.00
Dividends paid 3,785.00
Interest paid 4,257.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (41,905.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2,497.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 2,497.00
Cash and cash equivalents cash flow statement at beginning of period 1,636.00
Cash and cash equivalents cash flow statement at end of period 4,133.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Singhi & Co. Yes 31-08-2028


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Maithan Alloys Ltd. (MAL) Subhas Chandra Agarwalla Director and KMP of MAL Remuneration NA 2,306.00 5.00 (311.00) Textual Information(1)
2 Maithan Alloys Ltd. Subodh Agarwalla Director and KMP of MAL Remuneration NA 2,297.00 4.00 4.00 Textual Information(2)
3 Maithan Alloys Ltd. Sudhanshu Agarwalla KMP of MAL Remuneration NA 2,355.00 23.00 4.00 Textual Information(3)
4 Maithan Alloys Ltd. Siddhartha Shankar Agarwalla Member of Promoter Group Remuneration NA 90.00 3.00 2.00 Textual Information(4)
5 Maithan Alloys Ltd. Siddhartha Shankar Agarwalla Member of Promoter Group Any other transaction Reimbursement of Expenses NA 0.00 0.00 0.00 Textual Information(5)
6 Maithan Alloys Ltd. Vivek Kaul Director of MAL Any other transaction Sitting Fees NA 0.00 0.00 0.00 Textual Information(6)
7 Maithan Alloys Ltd. P K Venkatramani Director of MAL Any other transaction Reimbursement of Expenses NA 1.00 0.00 0.00 Textual Information(7)
8 Maithan Alloys Ltd. P K Venkatramani Director of MAL Any other transaction Sitting Fees NA 1.00 0.00 0.00
9 Maithan Alloys Ltd. Srinivas Peddi Director of MAL Any other transaction Sitting Fees NA 0.00 0.00 0.00 Textual Information(8)
10 Maithan Alloys Ltd. Naresh Kumar Jain Director of MAL Any other transaction Sitting Fees NA 1.00 0.00 0.00
11 Maithan Alloys Ltd. Sonal Choubey Director of MAL Any other transaction Sitting Fees NA 0.00 0.00 0.00 Textual Information(9)
12 Maithan Alloys Ltd. Aayush Khetawat Director of MAL Any other transaction Sitting Fees NA 1.00 0.00 0.00
13 Maithan Alloys Ltd. BMA Foundation Enterprise over which KMP of MAL are able to exercise significant influence Any other transaction Donation towards CSR Expenses 200.00 NA 185.00 0.00 0.00
14 Maithan Alloys Ltd. Pramod Kumar Chaudhary KMP & Director of Subsidiary of MAL Remuneration NA 13.00 1.00 1.00
15 Maithan Alloys Ltd. Rajesh K Shah KMP of MAL Remuneration NA 11.00 2.00 1.00
16 Maithan Alloys Ltd. Shailendra Kumar Shaw Director of Subsidiary of MAL Remuneration NA 6.00 1.00 1.00
17 Maithan Alloys Ltd. Debasis Panda Director of Subsidiary of MAL Remuneration NA 7.00 1.00 1.00
18 Maithan Alloys Ltd. Superbright Textiles Pvt. Ltd. Private Limited Company in which Directors and KMP of Maithan Alloys Limited are members Any other transaction Rent paid NA 6.00 0.00 0.00 Textual Information(10)
19 Maithan Alloys Ltd. Sheela Devi Agarwalla Member of Promoter Group and Relative of Director/KMP of Maithan Alloys Ltd. Any other transaction Rent Paid NA 7.00 0.00 0.00 Textual Information(11)
20 Maithan Alloys Ltd. Sudhanshu Agarwalla KMP of MAL Any other transaction Rent Paid NA 2.00 0.00 0.00 Textual Information(12)
21 Maithan Alloys Ltd. Sudhanshu Agarwalla KMP of MAL Any other transaction Security Deposit NA 0.00 1.00 0.00
22 Maithan Alloys Ltd. Impex Metal & Ferro Alloys Ltd. Wholly owned Subsidiary Company of MAL Loan NA (800.00) 3,820.00 3,020.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
23 Maithan Alloys Ltd. Impex Metal & Ferro Alloys Ltd. Wholly owned Subsidiary Company of MAL Interest received NA 180.00 89.00 62.00
24 Maithan Alloys Ltd. Impex Metal & Ferro Alloys Ltd. Wholly owned Subsidiary Company of MAL Purchase of goods or services 15,000.00 NA 14,327.00 0.00 259.00
25 Maithan Alloys Ltd. Impex Metal & Ferro Alloys Ltd. Wholly owned Subsidiary Company of MAL Sale of goods or services 15,000.00 NA 7,864.00 3,758.00 2,511.00
26 Maithan Alloys Ltd. Impex Metal & Ferro Alloys Ltd. Wholly owned Subsidiary Company of MAL Any other transaction On behalf expense paid NA 22.00 0.00 0.00
27 Maithan Alloys Ltd. Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Sale of goods or services The Audit Committee at its meeting held on 12th March, 2025 has approved for entering into transactions for the purchase and sale of goods and material, secondment of employees and/or providing loans, inter-corporate deposits, advances, investments and/or financial facilities upto an amount not exceeding Rs. 500 Crore during the financial year 2025-2026. 8,379.00 142.00 0.00
28 Maithan Alloys Ltd. Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Purchase of goods or services The Audit Committee at its meeting held on 12th March, 2025 has approved for entering into transactions for the purchase and sale of goods and material, secondment of employees and/or providing loans, inter-corporate deposits, advances, investments and/or financial facilities upto an amount not exceeding Rs. 500 Crore during the financial year 2025-2026. 14,400.00 2,592.00 1,652.00
29 Maithan Ferrous Pvt. Ltd. Manisha Kumari KMP of Subsidiary of MAL Remuneration NA 2.00 0.00 0.00
30 Maithan Alloys Ltd. Anjaney Minerals Ltd. Wholly owned Subsidiary Company of MAL Loan 100.00 NA 81.00 6,780.00 6,860.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
31 Maithan Alloys Ltd. Anjaney Minerals Ltd. Wholly owned Subsidiary Company of MAL Loan NA 0.00 8,000.00 8,000.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
32 Maithan Alloys Ltd. Anjaney Minerals Ltd. Wholly owned Subsidiary Company of MAL Interest received NA 717.00 662.00 1,108.00
33 Maithan Alloys Ltd. Salanpur Sinters P Ltd. Wholly owned Subsidiary Company of MAL Loan 75.00 NA 75.00 7,080.00 7,155.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
34 Maithan Alloys Ltd. Salanpur Sinters P Ltd. Wholly owned Subsidiary Company of MAL Loan NA 0.00 671.00 671.00 Loan 9.2500 3 years Unsecured For Business Purpose
35 Maithan Alloys Ltd. Salanpur Sinters P Ltd. Wholly owned Subsidiary Company of MAL Loan NA 0.00 7,900.00 7,900.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
36 Maithan Alloys Ltd. Salanpur Sinters P Ltd. Wholly owned Subsidiary Company of MAL Interest received NA 765.00 704.00 1,392.00
37 Maithan Alloys Ltd. Dadhichi Rail & Defence Operations Limited Wholly owned Subsidiary Company of MAL Loan 7,500.00 NA 6,688.00 7,368.00 14,056.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
38 Maithan Alloys Ltd. Dadhichi Rail & Defence Operations Limited Wholly owned Subsidiary Company of MAL Interest received NA 644.00 11.00 591.00
39 Maithan Alloys Ltd. Eloise Builders and Constructions Pvt Ltd Wholly owned Subsidiary Company of MAL Loan 100.00 NA 75.00 5,429.00 5,504.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
40 Maithan Alloys Ltd. Eloise Builders and Constructions Pvt Ltd Wholly owned Subsidiary Company of MAL Interest received NA 256.00 8.00 239.00
41 Maithan Alloys Ltd. Maithan Fresh Private Limited Wholly owned Subsidiary Company of MAL Loan NA (3.00) 3.00 0.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
42 Maithan Alloys Ltd. Maithan Fresh Private Limited Wholly owned Subsidiary Company of MAL Interest received NA 0.00 0.00 0.00 Textual Information(13)
43 Maithan Alloys Ltd. Shree Ambey Ispat Private Limited Enterprise over which Director of Subsidiary of MAL is able to exercise significant influence Sale of goods or services 5,000.00 NA 2,901.00 1,667.00 0.00
44 Maithan Alloys Ltd. Pramod Kumar Chaudhary KMP & Director of Subsidiary of MAL Any other transaction Reimbursement of Expenses 100.00 NA 1.00 0.00 0.00
45 Maithan Alloys Ltd. Pramod Kumar Chaudhary KMP & Director of Subsidiary of MAL Advance NA (3.00) 3.00 0.00
46 Anjaney Minerals Ltd. Anamika Gupta KMP of Subsidiary of MAL Remuneration NA 2.00 0.00 0.00
47 Maithan Ferrous Pvt. Ltd. Pramod Kumar Chaudhary KMP of the Company Any other transaction Reimbursement of Expenses 100.00 NA 1.00 0.00 0.00
48 Maithan Ferrous Pvt. Ltd. Aditya Mishra Director and KMP Any other transaction Reimbursement of Expenses 100.00 NA 2.00 0.00 0.00
49 Maithan Alloys Ltd. Maiuni Ventures LLP KMP is a Designated Partner nominated by the Company Any other transaction Capital Contribution 25,000.00 NA 7,000.00 6,310.00 12,810.00
50 Maithan Alloys Ltd. Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Any other transaction Sale of shares 2.00 NA 2.00 0.00 0.00
51 Impex Metal & Ferro Alloys Ltd. BMA Foundation Enterprise over which KMP of MAL are able to exercise significant influence Any other transaction Donation towards CSR Expenses 40.00 NA 40.00 0.00 0.00
52 Maithan Alloys Ltd. Maithan Capital Limited Wholly owned Subsidiary Company of MAL Any other transaction Reimbursement of Expenses NA 10.00 0.00 10.00
53 Maithan Alloys Ltd. Maithan Capital Limited Wholly owned Subsidiary Company of MAL Investment NA 1,100.00 0.00 1,100.00
54 Maithan Alloys Ltd. Maithan Electronics Pvt Ltd. Subsidiary Company of MAL Investment NA 80.00 0.00 80.00
55 Maithan Electronics Pvt Ltd. Neetu Mishra Relative of Director of the Company Investment NA 5.00 0.00 5.00
56 Maithan Electronics Pvt Ltd. Aditya Mishra Director of the Company Investment NA 5.00 0.00 5.00
57 Maithan Electronics Pvt Ltd. Anshuman Mishra Relative of Director of the Company Investment NA 5.00 0.00 5.00
58 Maithan Electronics Pvt Ltd. Aryaman Mishra Relative of Director of the Company Investment NA 5.00 0.00 5.00
59 Goldtree Impex Private Limited Salanpur Sinters P Ltd. Wholly owned Subsidiary Company of MAL Any other transaction Sale of Land 175.00 NA 163.00 0.00 2.00
60 Goldtree Impex Private Limited Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Loan 200.00 NA 182.00 0.00 182.00 Loan 9.2500 Repayable on Demand Unsecured For Business Purpose
61 Goldtree Impex Private Limited Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Interest paid NA 1.00 0.00 1.00
62 Goldtree Impex Private Limited Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Any other transaction Reimbursement of Expenses 10.00 NA 4.00 0.00 0.00
63 Maithan Ferrous Pvt. Ltd. BMA Foundation Enterprise over which KMP of MAL are able to exercise significant influence Any other transaction Donation towards CSR Expenses 6.00 NA 6.00 0.00 0.00
64 Maithan Ferrous Pvt. Ltd. Aditya Mishra Director of the Subsidiary Any other transaction Purchase of Shares 1.00 NA 1.00 0.00 0.00
65 Maithan Alloys Ltd. Maithan Ferrous Pvt. Ltd. Subsidiary Company of MAL Any other transaction Redemption of Preference Shares NA 3,200.00 0.00 0.00
66 Maithan Ferrous Pvt. Ltd. Prism Vanijya Private Limited Enterprise over which Director of Subsidiary of MAL is able to exercise significant influence Any other transaction Redemption of Preference Shares NA 120.00 0.00 0.00
67 Maithan Ferrous Pvt. Ltd. Fantasy Vinimay Private Limited Enterprise over which Director of Subsidiary of MAL is able to exercise significant influence Any other transaction Redemption of Preference Shares NA 400.00 0.00 0.00
68 Maithan Ferrous Pvt. Ltd. Aditya Mishra and Ors HUF HUF of a Director of the Company Any other transaction Redemption of Preference Shares NA 80.00 0.00 0.00
69 Maithan Ferrous Pvt. Ltd. Anshuman Mishra Relative of Director of the Company Any other transaction Redemption of Preference Shares NA 80.00 0.00 0.00
70 Maithan Ferrous Pvt. Ltd. Aryaman Mishra Relative of Director of the Company Any other transaction Redemption of Preference Shares NA 80.00 0.00 0.00
71 Maithan Ferrous Pvt. Ltd. Neetu Mishra Relative of Director of the Company Any other transaction Redemption of Preference Shares NA 40.00 0.00 0.00
72 Ramagiri Renewable Energy Ltd. Pramod Kumar Chaudhary KMP & Director of Subsidiary of MAL Any other transaction Reimbursement of Expenses 5.00 NA 0.00 0.00 0.00 Textual Information(14)
73 Maithan Nutrition Private Limited Rajesh K Shah KMP of MAL Any other transaction Reimbursement of Expenses 1.00 NA 0.00 0.00 0.00 Textual Information(15)
Total value of transaction during the reporting period 76,474.00



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Textual Information(1) The remuneration paid as approved by the Board and Shareholders of the Company on the recommendation of Nomination & Remuneration Committee as well as Audit Committee.
Textual Information(2) The remuneration paid as approved by the Board and Shareholders of the Company on the recommendation of Nomination & Remuneration Committee as well as Audit Committee.
Textual Information(3) The remuneration paid as approved by the Board and Shareholders of the Company on the recommendation of Nomination & Remuneration Committee as well as Audit Committee.
Textual Information(4) As per Terms of Employment.
Textual Information(5) Reimbursement of Expenses at actuals
Textual Information(6) Paid Sitting fees amounting to Rs. 47500/-
Textual Information(7) Reimbursement of Expenses at actuals
Textual Information(8) Paid Sitting fees amounting to Rs. 30000/-
Textual Information(9) Paid Sitting fees amounting to Rs. 37500/-
Textual Information(10) Rent paid - Rs 1 lakh per month
Textual Information(11) Rent paid - Rs 1.10 lakh per month with 10% increase each year
Textual Information(12) Rent paid - Rs 40000/- per month
Textual Information(13) Interest received Rs 2842/-. Opening and Closing Balance is Rs 3185/- and Rs 75/- respectively
Textual Information(14) Reimbursement of Expenses of Rs 24834/- Closing Balance Rs 900/-
Textual Information(15) Reimbursement of Expenses of RS 1713/-