MAITHANALL2023-07-012023-09-30 MAITHANALL2023-07-012023-09-30 MAITHANALL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member MAITHANALL2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member MAITHANALL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member MAITHANALL2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member MAITHANALL2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 590078 MAITHANALL NOTLISTED Maithan Alloys Limited Equity 2023-04-01 2024-03-31 2023-11-14 2023-11-02 INR Crores Half yearly 11:30:00 14:55:00 2023-11-14 2023-11-14 true Cash Flow Indirect Not applicable Single segment Ferro Alloys 2023-07-01 2023-09-30 Unaudited Consolidated 4436500000.00 595600000.00 5032100000.00 2410400000.00 112400000.00 -200000000.00 108700000.00 1300000.00 52900000.00 1680100000.00 4165800000.00 866300000.00 0.00 866300000.00 179500000.00 66700000.00 246200000.00 0.00 620100000.00 0.00 0.00 0.00 0.00 620100000.00 -3600000.00 616500000.00 619400000.00 700000.00 615800000.00 700000.00 291100000.00 10 21.30 21.30 0.00 0.00 21.30 21.30 Notes to the Statement of Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2023 1. The above Un-audited Consolidated Financial Results, have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 14, 2023. The Statutory Auditors have conducted the limited review of the above unaudited consolidated financial results. 2. The Un-audited Consolidated 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. 3. The Board of Directors of Maithan Alloys Limited (the Holding Company or MAL or Transferee Company), at its meeting held on May 05, 2021 had considered and approved the Composite Scheme of Arrangement (Scheme) amongst Ma Kalyaneshwari Holdings Private Limited (MKH or Demerged Company or Transferor Company) and Anjaney Land Assets Private Limited (ALAPL or Resulting Company) and the Holding Company and their respective shareholders and creditors under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013. Subsequently the Board of Directors of the Holding Company at its meeting held on November 11, 2021 have modified the Scheme to fix the Appointed Date of the Scheme as November 01, 2021 and related consequential changes thereof. The approval of NCLT to the scheme is still awaited. Hence, no adjustment has been made in this financial result. 4. One of the wholly owned Subsidiary, Impex Metal & Ferro Alloys Limited has closed down its production w.e.f May 1, 2023 due to a steep increase in power tariff. Based on the detailed assessment, the fair value less costs to sell is higher than the carrying amount and hence there is no impairment at the reporting date. 5. As the Groups business activity falls within a single significant primary business segment i.e. Ferro Alloys, no separate segment information is disclosed. These, in the context of Ind AS 108 on Operating Segments Reporting are considered to constitute one segment and hence, the Group has not made any additional segment disclosures. 6. The Code on Social Security, 2020 (Code) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/ interpretation have not yet been issued. The Group will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. 7. The previous period figures have been regrouped wherever necessary, to conform to the current period figures. For Maithan Alloys Limited S. C. Agarwalla Chairman & Managing Director Place: Kolkata Date : November 14, 2023. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 8473100000.00 1039700000.00 9512800000.00 5051700000.00 354100000.00 -1175800000.00 213100000.00 3000000.00 104900000.00 3299000000.00 7850000000.00 1662800000.00 0.00 1662800000.00 332700000.00 113600000.00 446300000.00 0.00 1216500000.00 0.00 0.00 0.00 0.00 1216500000.00 4000000.00 1220500000.00 1215400000.00 1100000.00 1219400000.00 1100000.00 291100000.00 10 41.79 41.79 0.00 0.00 41.79 41.79 Other Expenses 414500000.00 Power Cost 1265600000.00 Other Expenses 716100000.00 Power Cost 2582900000.00 11000000.00 2412100000.00 138700000.00 0.00 163100000.00 3700000.00 0.00 0.00 0.00 55100000.00 0.00 0.00 689300000.00 744400000.00 0.00 78700000.00 3540700000.00 4278600000.00 13895600000.00 2883500000.00 305600000.00 7177900000.00 3700000.00 25700000.00 24292000000.00 0.00 617500000.00 29188100000.00 32300000.00 0.00 32761100000.00 291100000.00 28796000000.00 29087100000.00 29098100000.00 80000000.00 0.00 32600000.00 112600000.00 30700000.00 382000000.00 0.00 1000000.00 526300000.00 23500000.00 1657500000.00 664300000.00 2345300000.00 759600000.00 3900000.00 27900000.00 0.00 3136700000.00 0.00 0.00 3663000000.00 32761100000.00 3000000.00 -1242200000.00 1292600000.00 0.00 -93000000.00 -65000000.00 120300000.00 29000000.00 0.00 196800000.00 0.00 142600000.00 0.00 104900000.00 0.00 -1800000.00 0.00 160600000.00 0.00 -15100000.00 29900000.00 369300000.00 0.00 -518700000.00 0.00 -9400000.00 -100000.00 27300000.00 0.00 -267400000.00 1395400000.00 0.00 0.00 0.00 524900000.00 0.00 870500000.00 0.00 0.00 0.00 8731600000.00 4015200000.00 0.00 0.00 0.00 72100000.00 201900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 200000.00 0.00 0.00 0.00 29900000.00 385400000.00 0.00 3209800000.00 0.00 -1221300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60500000.00 400000.00 0.00 174700000.00 3000000.00 0.00 0.00 -238600000.00 -589400000.00 0.00 -589400000.00 895000000.00 305600000.00 -3400000.00 5200000.00 200000.00 1200000.00 0.00 0.00