5900782025-01-012025-03-315900782025-03-315900782024-03-315900782024-04-012025-03-315900782025-01-012025-03-31in-capmkt:OtherExpenses1Member5900782025-01-012025-03-31in-capmkt:OtherExpenses2Member5900782024-04-012025-03-31in-capmkt:OtherExpenses1Member5900782024-04-012025-03-31in-capmkt:OtherExpenses2Member5900782025-01-012025-03-31in-capmkt:ReportableSegments1Member5900782025-01-012025-03-31in-capmkt:ReportableSegments2Member5900782025-01-012025-03-31in-capmkt:ReportableSegments3Member5900782024-04-012025-03-31in-capmkt:ReportableSegments1Member5900782024-04-012025-03-31in-capmkt:ReportableSegments2Member5900782024-04-012025-03-31in-capmkt:ReportableSegments3Member5900782025-01-012025-03-31in-capmkt:ReportableSegments1Member5900782025-01-012025-03-31in-capmkt:ReportableSegments2Member5900782025-01-012025-03-31in-capmkt:ReportableSegments3Member5900782024-04-012025-03-31in-capmkt:ReportableSegments1Member5900782024-04-012025-03-31in-capmkt:ReportableSegments2Member5900782024-04-012025-03-31in-capmkt:ReportableSegments3Member5900782025-01-012025-03-31in-capmkt:ReportableSegments1Member5900782025-03-31in-capmkt:ReportableSegments1Member5900782025-01-012025-03-31in-capmkt:ReportableSegments2Member5900782025-03-31in-capmkt:ReportableSegments2Member5900782025-01-012025-03-31in-capmkt:ReportableSegments3Member5900782025-03-31in-capmkt:ReportableSegments3Member5900782025-01-012025-03-31in-capmkt:ReportableSegments1Member5900782025-03-31in-capmkt:ReportableSegments1Member5900782025-01-012025-03-31in-capmkt:ReportableSegments2Member5900782025-03-31in-capmkt:ReportableSegments2Member5900782025-01-012025-03-31in-capmkt:ReportableSegments3Member5900782025-03-31in-capmkt:ReportableSegments3Member5900782025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15900782024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15900782025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares590078MAITHANALLNOTLISTEDINE683C01011MAITHAN ALLOYS LIMITEDMain BoardEquity2024-04-012025-03-312025-05-282025-05-19INRCroresQuarterlyFourth quarterMulti segment2025-05-2812:30:002025-05-2817:06:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31UnauditedConsolidated4352300000-116420000031881000002418600000389700000-680600000-30900000812000006300000014908000003731800000-5437000000-543700000-383300000421200000379000000-5816000000000-5816000001000000-580600000-61020000028600000-6092000002860000029110000010-20.96-20.9600-20.96-20.96 <BR> Notes to the Statement of Audited Consolidated Financial Results for the quarter and year ended March 31, 2025 <BR> <BR> 1. The above Audited Consolidated Financial Results, have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 28, 2025. The Statutory Auditors have conducted the limited review of the above unaudited consolidated financial results. <BR> <BR> 2. The 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. <BR> <BR> 3. On February 05, 2025, the Company has entered into a Shares Purchase Agreement (SPA) with its existing shareholders for the acquisition of 100% of the share capital of Eloise Builders & Constructions Private Limited (EBCPL). On completion of the condition precedent to SPA, EBCPL has become wholly owned subsidiary of the Company w.e.f. February 25, 2025. The acquisition was carried out for a purchase consideration of Rs. 73.00 Crore. Based on guidance on definition of business under Ind AS 103, Management has classified above acquisitions as asset acquisition. <BR> <BR> 4. The Board of Directors of the Company in its meeting held on May 28, 2025 have 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. <BR> The Scheme provides for the merger of Impex into MAL. The Scheme is conditional upon and subject to necessary statutory and regulatory applications and approvals under applicable laws, including the jurisdictional National Company Law Tribunal. <BR> <BR> 5. An application is filed by one of the wholly-owned subsidiary– Anjaney Minerals Limited, before the Hon'ble NCLT for approval of The Scheme of Reduction of Capital , pursuant to the provisions of Section 66 of the Companies Act, 2013, read with National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016 and other applicable provisions, if any and the same is pending for sanctioned by Hon'ble NCLT. <BR> Upon sanction of the said Scheme by Hon'ble NCLT, the total issued, subscribed and paid-up Equity share Capital of the company shall be reduced from Rs. 11.00 Crore divided into 1,10,00,000 equity shares of Rs. 10/- each, fully paid-up to Rs. 8.80 Crore divided into 88,00,000 equity shares of Rs. 10 /- each, fully paid-up. <BR> <BR> 6. 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. -138.72 Crore for the Quarter ended March 2025; ( Rs. 83.49 Crore for the Quarter ended December 2024); ( Rs. 152.08 Crore for the Quarter ended March 2024); ( Rs. 645.68 Crore for the year ended March 2025) and ( Rs. 272.00 Crore for the year ended March 2024). <BR> <BR> 7. Dadhichi Rail & Defence Operations Limited, a wholly owned subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on July 20, 2024 with the objects to manufacture specialized parts for railway, tramway, locomotives or of rolling stock and to manufacture and deal in goods and products used in defence sector. <BR> <BR> 8. Maithan Ferrous Private Limited, a subsidiary has commenced the commercial production from September 07, 2024 in its Ferro Alloy Plant at Barjora in Bankura District, West Bengal. <BR> <BR> <BR> <BR> <BR> 9. The manufacturing operations at the Byrnihat Unit of Maithan Alloys Limited were discontinued on February 5, 2025 as per the directions of Meghalaya State Pollution Control Board vide their letter dated February 5, 2025 wherein, they have pointed out certain discrepancies in compliances. However, the operation was resumed on March 11, 2025 upon revocation of Notice of Closure by MSPCB. <BR> <BR> 10. Based on the profit threshold as of March 31, 2025 , out of remuneration accrued to Directors of Maithan Alloys Limited upto December 31, 2024, remuneration amounting to Rs. 10.63/- crores had been accrued in excess of the limits approved by the shareholders. This excess remuneration was reversed during the quarter ended March 31, 2025. As a result, the Employee Benefit Expense for the quarter reflects a negative amount of Rs. 3.09/- crores. Subsequent to the reversal, the amount paid to directors which remained in excess of the permissible limits as of March 31, 2025 has since been refunded by the directors on May 28, 2025. <BR> <BR> 11. The Board of Directors of the Maithan Alloys Limited, at their meeting held on May 28, 2025, has declared Second Interim Dividend of Rs. 7/- per equity share (face value Rs. 10/- per equity share), for the financial year 2024-25. This is in addition to the interim dividend of Rs. 3/- per equity share (face value Rs. 10/- per equity share) paid during the year by the company. <BR> <BR> <BR> 12. The Board of Directors of the Maithan Alloys Limited have recommended a final dividend of Rs. 6/- per share for the year ended March 31, 2025, at their meeting held on May 28, 2025. The payment of final Dividend is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company. <BR> <BR> 13. Maithan Alloys Limited has altered their Object clause of its Memorandum of Association to undertake the Real Estate Business activities and have commenced its new business activities w.e.f. January 17, 2025. <BR> <BR> 14. Anjaney Minerals Limited, Salanpur Sinters Private Limited and Dadhichi Rail and Defence Operations Limited has altered their Object clause of their respective Memorandum of Association to undertake the Real Estate Business activities and have commenced their new business activities w.e.f. February 27, 2025. <BR> <BR> 15. The figures for the quarter ended March 31 2025 and March 31 2024 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. <BR> <BR> 16. The result for quarter and year ended March 31, 2025 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 Company’s website (URL:www.maithanalloys.com). <BR> <BR> <BR> 17. Figures for the previous period/year have been regrouped and / or reclassified to conform to the classification of current period/year’s figures, wherever necessary. <BR> <BR> <BR> <BR> For Maithan Alloys Limited <BR> S. C. Agarwalla <BR> Chairman & Managing Director <BR> Place: Kolkata <BR> Date : May 28, 2025. <BR> <BR> <BR> <BR> 2024-04-012025-03-31AuditedConsolidated1805610000072084000002526450000086907000001912500000-5288000003829000002164000002329000005833600000167402000008524300000085243000004472000001768000000221520000006309100000000063091000002000000631110000063018000007300000630380000073000002911000001037169700000216.47216.4700216.47216.47Power Cost1099800000Other Expenses391000000Power Cost4149500000Other Expenses16841000002956200000124000000163100000320000000010760100000005748000001133490000003521000001482190000010856000000198019000001433500000218000000370900000542000003038000002218230000006292000003366750000000484894000002911000003716970000037460800000909000003755170000085000000000312000001162000003400000023100000000600000246080000057675000001520000013154000001330600000757000000785510000052560000057000009050000008476900000001093770000048489400000Ferro Alloys4352300000Real Estate0Unallocated0Ferro Alloys18056100000Real Estate0Unallocated043523000001805610000000435230000018056100000Ferro Alloys807800000Real Estate-100000Unallocated0Ferro Alloys1957000000Real Estate-200000Unallocated08077000001956800000812000002164000001270200000-6783900000-5437000008524300000Ferro Alloys11418800000Real Estate5917600000Unallocated3115300000048489400000048489400000Ferro Alloys2967000000Real Estate3100000Unallocated796760000010937700000010937700000216400000-735840000024410000000-232000000-1971000000413630000004831000000-24900000023290000004500000062000000-274000004563000001935000000-829720000001840400000-4400000-297000000-746010000010642000000005665000000497700000004570790000051934900000000082000003017000000000000000000251000000004563000002003000000-20600000-590960000000000000568190000001000000262000000197400000005221500000-1904000000-190400000408400000218000000Re-measurement of net defined benefit plans12000001200000Re-measurement of net defined benefit plans2600000260000020000060000010000002000000AuditedtrueSinghi & Co.true2025-08-31