Integrated Filing — IndAS



General information about company
Scrip Code 513554
NSE Symbol MAHASTEEL
MSEI Symbol NOTLISTED
ISIN INE451L01014
Name of company MAHAMAYA STEEL INDUSTRIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment STEEL SEGEMENT
Start date and time of board meeting 27-May-2025   13:30:00
End date and time of board meeting 27-May-2025   16:45:00
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 2022-02-07
Indicate Company website link for updated RPT policy of the Company https://mahamayagroup.in/wp-content/uploads/2022/09/Policy-on-Related-Party-Transaction.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
Not applicable



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2361728000 8017643000
Other income 10464000 12329000
Total income 2372192000 8029972000
2 Expenses
(a) Cost of materials consumed 1777974000 6419495000
(b) Purchases of stock-in-trade 1169000 21581000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 141683000 72540000
(d) Employee benefit expense 41708000 141309000
(e) Finance costs 10931000 38860000
(f) Depreciation, depletion and amortisation expense 20239000 78671000
(f) Other Expenses
1 OTHER EXPENSES 322033000 1175554000
Total other expenses 322033000 1175554000
Total expenses 2315737000 7948010000
3 Total profit before exceptional items and tax 56455000 81962000
4 Exceptional items 0 4539000
5 Total profit before tax 56455000 86501000
6 Tax expense
7 Current tax 15494000 27660000
8 Deferred tax -966000 -3133000
9 Total tax expenses 14528000 24527000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 41927000 61974000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 41927000 61974000
17 Other comprehensive income net of taxes 1224000 1224000
18 Total Comprehensive Income for the period 43151000 63198000
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 164344000 164344000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.55 3.77
Diluted earnings (loss) per share from continuing operations 2.55 3.77
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 2.55 3.77
Diluted earnings (loss) per share from continuing and discontinued operations 2.55 3.77
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 n n1. The above results of the company for the quarter and year ended 31st March, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th May, 2025. n2. The above year end results have been Audited and the quaterly results have been reviewed by the Statutory Auditor of the Company. n n3. These results have been prepared in accordance with the Companies Indian Accounting Standards Rules, 2015 Ind AS prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. n n4. The company is elegible for electricity duty subsidy under the Industrial Policy of the state of Chhattishgarh. The application filed by the company to the CGM, DIC is under process and presently pending before Commissioner of industries for his approval. The order is expected to be issued soon. There is a reasonable certainty regarding ultimate collection of the same. The company has recognised the subsidy as assets in the books of accounts in accordance with the provisons of Ind AS. Total receivable amount is Rs.1105.69 Lakhs as at 31st March 2025. n n5. The Board of Directors of the Company in its meeting held on 04.01.2025 have redeemed 10,00,000 nos. of 8 percent Redeemable Non Convertible Non Cumulative Preference Shares of the Company nof Rs.10 each at premium of Rs. 10 each aggregating to Rs.2,00,00,000 issued to Ms. Escort Finvest Private Limited. n n6. The Company has one reportable business segment viz Steel Segment n n7. The previous year or period figures have been regrouped, rearranged wherever found necessary. n n8. The Statement includes the results for the quarter ended 31.03.2025 being the balancing figure between audited figures in respect of the full financial year and the published audited year to date figures up to the third quarter of the current financial year.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 703071000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 175093000
Trade receivables, non-current
Loans, non-current 274441000
Other non-current financial assets
Total non-current financial assets 449534000
Deferred tax assets (net)
Other non-current assets 11635000
Total non-current assets 1164240000
2 Current assets
Inventories 808846000
Current financial asset
Current investments 0
Trade receivables, current 248085000
Cash and cash equivalents 7579000
Bank balance other than cash and cash equivalents 0
Loans, current 0
Other current financial assets 10894000
Total current financial assets 266558000
Current tax assets (net)
Other current assets 102629000
Total current assets 1178033000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2342273000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 164344000
Other equity 1226733000
Total equity attributable to owners of parent 1391077000
Non controlling interest
Total equity 1391077000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 88173000
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
Total non-current financial liabilities 88173000
Provisions, non-current 7123000
Deferred tax liabilities (net) 67273000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 162569000
Current liabilities
Current financial liabilities
Borrowings, current 372151000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 241459000
Total Trade payable 241459000
Other current financial liabilities
Total current financial liabilities 613610000
Other current liabilities 108113000
Provisions, current 63244000
Current tax liabilities (Net) 3660000
Deferred government grants, Current
Total current liabilities 788627000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 951196000
Total equity and liabilites 2342273000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited 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 Other comprehensive income [Abstract] 1224000 1224000
Total Amount of items that will not be reclassified to profit and loss 1224000 1224000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 0 0
5 Total Other comprehensive income 1224000 1224000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 86501000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 38860000
Adjustments for decrease (increase) in inventories 64508000
Adjustments for decrease (increase) in trade receivables, current -101742000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -29763000
Adjustments for decrease (increase) in other non-current assets -1801000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 384000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 102874000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -99863000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 78671000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -23109000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -3057000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 25962000
Net cash flows from (used in) operations 112463000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 24000000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 88463000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 91813000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 16286000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -107000
Net cash flows from (used in) investing activities -108206000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 51896000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 38860000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 13036000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -6707000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -6707000
Cash and cash equivalents cash flow statement at beginning of period 14288000
Cash and cash equivalents cash flow statement at end of period 7581000





Details of Impact of Audit Qualification
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 K P R K & ASSOCIATES Yes 30-Apr-2026


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 Mahamaya Steel Industries Limited Devi Iron and Power Private Limited Enterprises owned or significantly influenced by Key Mnagaerial Personnel or their Relative (either individually or with others) Sale of goods or services NIL 3485000 3933000 7418000
2 Mahamaya Steel Industries Limited Abhishek Steel Industries Private Limited Associate Purchase of goods or services NIL 14384000 5906000 20290000
3 Mahamaya Steel Industries Limited Devi Iron and Power Private Limited Enterprises owned or significantly influenced by Key Mnagaerial Personnel or their Relative (either individually or with others) Purchase of goods or services NIL 446175000 371758000 817933000
4 Mahamaya Steel Industries Limited Rajesh Agrawal HUF Promoter Group Any other transaction Transportation Charges Paid NIL 1416000 1416000 2832000
5 Mahamaya Steel Industries Limited Suresh Raman Director and CFO Remuneration NIL 345000 330000 675000
6 Mahamaya Steel Industries Limited Rajesh Agrawal Promoter and Managing Director Remuneration NIL 10800000 10800000 21600000
7 Mahamaya Steel Industries Limited Mahamaya Charitable Foundation Enterprises owned or significantly influenced by Key Mnagaerial Personnel or their Relative (either individually or with others) Any other transaction Rent Income NIL 11000 10000 21000
8 Mahamaya Steel Industries Limited Abhishek Steel Industries Private Limited Associate Any other transaction Rent Income NIL 43000 42000 85000
9 Mahamaya Steel Industries Limited Escort Finvest Private Limited Enterprises owned or significantly influenced by Key Mnagaerial Personnel or their Relative (either individually or with others) Interest paid NIL 2640000 2355000 4955000
10 Mahamaya Steel Industries Limited Escort Finvest Private Limited Enterprises owned or significantly influenced by Key Mnagaerial Personnel or their Relative (either individually or with others) Any other transaction Loans Payable NIL -67146000 67146000 0 Loan 0.091 Long Term Loan Unsecured Working Capital Requirement
11 Mahamaya Steel Industries Limited Devi Iron & Power Private Limited Enterprises owned or significantly influenced by Key Mnagaerial Personnel or their Relative (either individually or with others) Any other transaction Account Payable NIL -13325000 58118000 44793000
12 Mahamaya Steel Industries Limited Suresh Raman Director and CFO Any other transaction Account Payable NIL -15000 60000 45000
13 Mahamaya Steel Industries Limited Jaswinder Kaur Mission Company Secretary Remuneration NIL 900000 900000 1800000
14 Mahamaya Steel Industries Limited Udayraj Singhania Independent Director Any other transaction Director Sitting Fees NIL 22000 36000 58000
15 Mahamaya Steel Industries Limited Vanitha Rangaiah Independent Director Any other transaction Director Sitting Fees NIL 17000 27000 44000
16 Mahamaya Steel Industries Limited Rajesh Lunia Independent Director Any other transaction Director Sitting Fees NIL 15000 24000 39000
Total value of transaction during the reporting period 399767000