5900782025-07-012025-09-305900782025-09-305900782025-03-315900782025-04-012025-09-305900782025-07-012025-09-30in-capmkt:OtherExpenses1Member5900782025-07-012025-09-30in-capmkt:OtherExpenses2Member5900782025-04-012025-09-30in-capmkt:OtherExpenses1Member5900782025-04-012025-09-30in-capmkt:OtherExpenses2Member5900782025-07-012025-09-30in-capmkt:ReportableSegments1Member5900782025-07-012025-09-30in-capmkt:ReportableSegments2Member5900782025-07-012025-09-30in-capmkt:ReportableSegments3Member5900782025-04-012025-09-30in-capmkt:ReportableSegments1Member5900782025-04-012025-09-30in-capmkt:ReportableSegments2Member5900782025-04-012025-09-30in-capmkt:ReportableSegments3Member5900782025-07-012025-09-30in-capmkt:ReportableSegments1Member5900782025-07-012025-09-30in-capmkt:ReportableSegments2Member5900782025-07-012025-09-30in-capmkt:ReportableSegments3Member5900782025-04-012025-09-30in-capmkt:ReportableSegments1Member5900782025-04-012025-09-30in-capmkt:ReportableSegments2Member5900782025-04-012025-09-30in-capmkt:ReportableSegments3Member5900782025-07-012025-09-30in-capmkt:ReportableSegments1Member5900782025-09-30in-capmkt:ReportableSegments1Member5900782025-07-012025-09-30in-capmkt:ReportableSegments2Member5900782025-09-30in-capmkt:ReportableSegments2Member5900782025-07-012025-09-30in-capmkt:ReportableSegments3Member5900782025-09-30in-capmkt:ReportableSegments3Member5900782025-07-012025-09-30in-capmkt:ReportableSegments1Member5900782025-09-30in-capmkt:ReportableSegments1Member5900782025-07-012025-09-30in-capmkt:ReportableSegments2Member5900782025-09-30in-capmkt:ReportableSegments2Member5900782025-07-012025-09-30in-capmkt:ReportableSegments3Member5900782025-09-30in-capmkt:ReportableSegments3Member5900782025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15900782025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares590078MAITHANALLNOTLISTEDINE683C01011MAITHAN ALLOYS LIMITEDMain BoardEquity2025-04-012026-03-312025-11-132025-11-04INRCroresQuarterlySecond quarterMulti segment2025-11-1312:30:002025-11-1316:55:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated4908200000-153460000033736000002587200000225900000-3173000002616000001397000005920000018296000004785900000-14123000000-1412300000427900000-650000000-2221000000-11902000000000-1190200000500000-1189700000-120950000019300000-12090000001930000029110000010-41.55-41.5500-41.55-41.55Notes to the Statement of Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2025 <BR> <BR> 4. 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 13, 2025. The Statutory Auditors have conducted the limited review of the above unaudited consolidated financial results. <BR> <BR> 5. 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. <BR> <BR> 6. The Board of Directors of the Company has passed a resolution by circulation on September 26, 2025 and has authorised the Officers of the Company to sell the Capital assets of the Byrnihat Unit of the Company, located at Ri-Bhoi District in the State of Meghalaya. On October 03, 2025, the Company has sold all the Capital assets of the Byrnihat Unit of the Company for a total consideration of Rs 25.48 Crore (including GST). The Company has received advance of Rs 5.00 Crore on September 28, 2025 and balance amount of Rs 20.48 Crore on October 03, 2025. Based on the principles laid down in the Indian Accounting Standards (Ind AS) <BR> 105 Non-current Assets Held for Sale and Discontinued Operations, the management of the Company has classified the Capital assets of Byrnihat Unit as Non-current Assets Held for Sale during the Quarter ended September 30, 2025. <BR> <BR> 7. The Board of Directors of the Company has passed a resolution on August 13, 2025 and has authorised the Officers of the Company to negotiate and finalize the terms and conditions of the sale of Property located at Tarang, in Shristinagar, Asansol, within the district of Paschim Bardhaman, West Bengal. Based on the principles laid down in the Indian Accounting Standards (Ind AS) 105 Non-current Assets Held for Sale and Discontinued Operations, the management of the Company has classified the Property as Non-current Assets Held for Sale during the Quarter ended September 30, 2025. <BR> <BR> 8. The Company has received a refund of Rs 30.54 Crore during the quarter ended September 30, 2025 as Custom Duty pertains to period from May 2022 to April 2023 and same has been classified under Other Income <BR> <BR> 9. On May 12, 2025, the Company has entered into a Shares Purchase Agreement (SPA) with the existing shareholders of Goldtree Impex Private Limited (GIPL) for the acquisition of 80% of the share capital. On completion of the condition precedent to SPA, GIPL has become subsidiary of the Company w.e.f. May 12, 2025. The acquisition was carried out for a purchase consideration of Rs 0.02 Crore. Based on guidance on definition of business under Ind AS 103, Management has classified above acquisitions as per acquisition method. <BR> <BR> 10. Maithan Fresh Private Limited, a wholly owned subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on June 06, 2025 with the objects to explore the opportunities available into agriculture including food processing and is yet to commence its business operations. <BR> <BR> <BR> 11. Maithan Nutrition Private Limited, a wholly owned subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on July 25, 2025 with the objects to explore the opportunities available into agriculture including food processing and is yet to commence its business operations. <BR> <BR> 12. The Company has entered into Partnership with Unicorn India Ventures Services LLP in Maiuni Ventures LLP (LLP) on April 08, 2025. Companys share in the LLP is 99.99% and has contributed Rs 63.10 Crore as Capital during the half year ended September 30, 2025. <BR> <BR> 13. 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. Necessary application has been filed with National Company Law Tribunal 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. <BR> <BR> 14. The management of Impex, one of the wholly-owned subsidiary has initiated repair and refurbishment activities for the companys furnaces during September 2025. Out of the two furnaces, one furnace was switched-on on November 11, 2025. Both furnaces are expected to become operational within November 2025. <BR> <BR> 15. An application is filed by one of the wholly-owned subsidiary– Anjaney Minerals Limited, before the Honble 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 Honble NCLT. <BR> Upon sanction of the said Scheme by Honble 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> 16. 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 - 220.62 Crore for the Quarter ended September 2025; ( Rs 635.99 Crore for the Quarter ended June 2025); ( Rs 151.47 Crore for the Quarter ended September 2024); ( Rs 415.37 Crore for the Half Year ended September 2025); ( Rs 700.91 Crore for the Half Year ended September 2024) and ( Rs 645.68 Crore for the year ended March 2025) <BR> <BR> 17. The result for quarter and half year ended September 30, 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 Companys website (URL:www.maithanalloys.com). <BR> <BR> <BR> <BR> <BR> <BR> Place: Kolkata <BR> Date : November 13, 2025. <BR> <BR> For Maithan Alloys Limited <BR> <BR> S. C. Agarwalla <BR> Chairman & Managing Director <BR> 2025-04-012025-09-30UnauditedConsolidated112313000004954000000161853000005239400000550500000229700000371400000264100000118000000386520000010638300000554700000005547000000628500000729700000135820000004188800000000041888000001000000418980000041519000003690000041529000003690000029110000010142.62142.6200142.62142.62Power Cost1359800000Other Expenses469800000Power Cost2801700000Other Expenses106350000029522000005400000163200000310000012805400000058550000013390900000162400000166772000001065670000020674400000239410000083060000051900000029900000265500000247135000005156000003588580000059800000526228000002911000004094260000041233700000127800000413615000008800000088000000272000003040100000687000003224000000433300000055800000108490000011407000001085300000655900000010341000001270000043150000080373000001126130000052622800000Ferro Alloys4908200000Real Estate0Unallocated0Ferro Alloys11231300000Real Estate0Unallocated049082000001123130000000490820000011231300000Ferro Alloys639200000Real Estate-300000Unallocated0Ferro Alloys1337900000Real Estate-400000Unallocated063890000013375000001397000002641000001911500000-4473600000-14123000005547000000Ferro Alloys11607700000Real Estate7030500000Unallocated3398460000052622800000052622800000Ferro Alloys3335000000Real Estate200000Unallocated792610000011261300000011261300000264100000199300000-9316000000113600000173900000924000001078000000-19210000005079000000118000000015000000-9100000500000004400000352800000742000000-34561000000-70420000003000000-4086900000146010000000027170000001188400000004906100000373550000000001250000019470000000000001000000000002430000000352800000796000000-763000001368700000000000000146370000050000022220000025810000000-19445000006126000000612600000218000000830600000Re-measurement of the net defined benefit plans700000700000Re-measurement of the net defined benefit plans140000014000002000004000005000001000000