5900782025-10-012025-12-315900782025-12-315900782025-04-012025-12-315900782025-10-012025-12-31in-capmkt:OtherExpenses1Member5900782025-10-012025-12-31in-capmkt:OtherExpenses2Member5900782025-04-012025-12-31in-capmkt:OtherExpenses1Member5900782025-04-012025-12-31in-capmkt:OtherExpenses2Member5900782025-10-012025-12-31in-capmkt:ReportableSegments1Member5900782025-10-012025-12-31in-capmkt:ReportableSegments2Member5900782025-10-012025-12-31in-capmkt:ReportableSegments3Member5900782025-04-012025-12-31in-capmkt:ReportableSegments1Member5900782025-04-012025-12-31in-capmkt:ReportableSegments2Member5900782025-04-012025-12-31in-capmkt:ReportableSegments3Member5900782025-10-012025-12-31in-capmkt:ReportableSegments1Member5900782025-10-012025-12-31in-capmkt:ReportableSegments2Member5900782025-10-012025-12-31in-capmkt:ReportableSegments3Member5900782025-04-012025-12-31in-capmkt:ReportableSegments1Member5900782025-04-012025-12-31in-capmkt:ReportableSegments2Member5900782025-04-012025-12-31in-capmkt:ReportableSegments3Member5900782025-10-012025-12-31in-capmkt:ReportableSegments1Member5900782025-12-31in-capmkt:ReportableSegments1Member5900782025-10-012025-12-31in-capmkt:ReportableSegments2Member5900782025-12-31in-capmkt:ReportableSegments2Member5900782025-10-012025-12-31in-capmkt:ReportableSegments3Member5900782025-12-31in-capmkt:ReportableSegments3Member5900782025-10-012025-12-31in-capmkt:ReportableSegments1Member5900782025-12-31in-capmkt:ReportableSegments1Member5900782025-10-012025-12-31in-capmkt:ReportableSegments2Member5900782025-12-31in-capmkt:ReportableSegments2Member5900782025-10-012025-12-31in-capmkt:ReportableSegments3Member5900782025-12-31in-capmkt:ReportableSegments3Member5900782025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15900782025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares590078MAITHANALLNOTLISTEDINE683C01011MAITHAN ALLOYS LIMITEDMain BoardEquity2025-04-012026-03-312026-01-302026-01-22INRCroresQuarterlyThird quarterMulti segment2026-01-3012:30:002026-01-3017:20:00Not applicable2025-10-012025-12-31UnauditedConsolidated490280000075520000056580000002652600000189300000-690000000344800000366000005750000018520000004442800000121520000001215200000853800000-5660000002878000000927400000000092740000050000092790000088900000038400000889500000384000002911000001030.5530.550030.5530.55Notes to the Statement of Unaudited Consolidated Financial Results for the quarter and nine months ended December 31, 2025 <BR> <BR> 2.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 January 30, 2025. The Statutory Auditors have conducted the limited review of the above unaudited consolidated financial results. <BR> <BR> 3.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> 4.Pursuant to the approval of the Board of Directors accorded on September 26, 2025, the Company has sold the capital assets of its Byrnihat Unit located at Ri-Bhoi District, Meghalaya. In accordance with Indian Accounting Standard (Ind AS) 105 Non-current Assets Held for Sale and Discontinued Operations, the said assets were classified as Non-current Assets Held for Sale as at September 30, 2025. <BR> The sale transaction was completed on October 03, 2025 for a total consideration of Rs. 25.48 Crore (including GST). An advance consideration of Rs. 5.00 Crore was received on September 28, 2025 and the balance amount of Rs. 20.48 Crore was received on completion of the transaction. <BR> Consequent to the completion of the sale, the Company has recognised a gain of Rs. 14.66 Crore during the quarter ended December 31, 2025, which has been disclosed under Other Income. <BR> <BR> 5.The Company had 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> 6.The Company had 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. 99.60 Crore as Capital during the nine months ended December 31, 2025. <BR> <BR> 7.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. <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> 8.An application was 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 sanctioned by the Honble NCLT on December 03, 2025. <BR> Upon sanction of the said Scheme by Honble NCLT, the total issued, subscribed and paid-up Equity share Capital of the company has 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> 9.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. 52.36 Crore for the Quarter ended December 2025; ( Rs. - 220.62 Crore for the Quarter ended September 2025); ( Rs. 83.49 Crore for the Quarter ended December 2024); ( Rs. 467.73 Crore for the nine months ended December 2025); ( Rs. 119.93 Crore for the nine months ended December 2024) and ( Rs. 645.68 Crore for the year ended March 2025) <BR> <BR> 10.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. <BR> The Group has evaluated the impact of the New Labour Codes in respect of its own employees and there is no material impact on the consolidated financial results. The Group is in the process of evaluating the impact of the New Labour Codes on other aspects, including the contract workforce, However, management is of the view that impact, if any, is unlikely to be material. <BR> The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> <BR> <BR> 11.The result for three months and nine months ended December 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 Companys website (URL:www.maithanalloys.com). <BR> <BR> <BR> <BR> For Maithan Alloys Limited <BR> Place: Kolkata <BR> Date : January 30, 2026. <BR> <BR> S. C. Agarwalla <BR> Chairman & Managing Director <BR> <BR> 2025-04-012025-12-31UnauditedConsolidated161341000005709200000218433000007892000000739800000-4603000007162000003007000001755000005717200000150811000006762200000067622000001482300000163700000164600000005116200000000051162000001500000511770000050409000007530000050424000007530000029110000010173.17173.1700173.17173.17Power Cost1387800000Other Expenses464200000Power Cost4189500000Other Expenses1527700000Ferro Alloys4902800000Real Estate0Unallocated0Ferro Alloys16134100000Real Estate0Unallocated049028000001613410000000490280000016134100000Ferro Alloys688000000Real Estate-600000Unallocated0Ferro Alloys2025900000Real Estate-1000000Unallocated0687400000202490000036600000300700000-564400000-503800000012152000006762200000Ferro Alloys12202500000Real Estate7032500000Unallocated3221760000051452600000051452600000Ferro Alloys3406600000Real Estate300000Unallocated5756300000916320000009163200000Re-measurements of the net defined benefit plans700000700000Re-measurements of the net defined benefit plans210000021000002000006000005000001500000