5900782026-01-012026-03-315900782026-03-315900782025-03-315900782025-04-012026-03-315900782026-01-012026-03-31in-capmkt:OtherExpenses1Member5900782026-01-012026-03-31in-capmkt:OtherExpenses2Member5900782025-04-012026-03-31in-capmkt:OtherExpenses1Member5900782025-04-012026-03-31in-capmkt:OtherExpenses2Member5900782026-03-31OtherNoncurrentFinancialAssetsDomain15900782026-03-31OtherNoncurrentAssetsDomain15900782026-03-31OtherNoncurrentAssetsDomain25900782026-03-31OtherCurrentFinancialAssetsDomain15900782026-03-31OtherCurrentAssetsDomain15900782026-03-31OtherNoncurrentFinancialLiabilitiesDomain15900782026-03-31OtherCurrentFinancialLiabilitiesDomain15900782026-03-31OtherCurrentFinancialLiabilitiesDomain25900782026-03-31OtherCurrentLiabilitiesDomain15900782026-01-012026-03-31in-capmkt:ReportableSegments1Member5900782026-01-012026-03-31in-capmkt:ReportableSegments2Member5900782026-01-012026-03-31in-capmkt:ReportableSegments3Member5900782025-04-012026-03-31in-capmkt:ReportableSegments1Member5900782025-04-012026-03-31in-capmkt:ReportableSegments2Member5900782025-04-012026-03-31in-capmkt:ReportableSegments3Member5900782026-01-012026-03-31in-capmkt:ReportableSegments1Member5900782026-01-012026-03-31in-capmkt:ReportableSegments2Member5900782026-01-012026-03-31in-capmkt:ReportableSegments3Member5900782025-04-012026-03-31in-capmkt:ReportableSegments1Member5900782025-04-012026-03-31in-capmkt:ReportableSegments2Member5900782025-04-012026-03-31in-capmkt:ReportableSegments3Member5900782026-01-012026-03-31in-capmkt:ReportableSegments1Member5900782026-03-31in-capmkt:ReportableSegments1Member5900782026-01-012026-03-31in-capmkt:ReportableSegments2Member5900782026-03-31in-capmkt:ReportableSegments2Member5900782026-01-012026-03-31in-capmkt:ReportableSegments3Member5900782026-03-31in-capmkt:ReportableSegments3Member5900782026-01-012026-03-31in-capmkt:ReportableSegments1Member5900782026-03-31in-capmkt:ReportableSegments1Member5900782026-01-012026-03-31in-capmkt:ReportableSegments2Member5900782026-03-31in-capmkt:ReportableSegments2Member5900782026-01-012026-03-31in-capmkt:ReportableSegments3Member5900782026-03-31in-capmkt:ReportableSegments3Member5900782026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15900782025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15900782026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares590078MAITHANALLNOTLISTEDINE683C01011MAITHAN ALLOYS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-162026-05-06INRCroresQuarterlyFourth quarterMulti segment2026-05-1612:30:002026-05-1618:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31UnauditedConsolidated5591800000-15896000004002200000283370000082500000-4655000002214000001403000005640000018566000004725400000-7232000000-723200000535600000-552000000-164000000-7068000000000-7068000000-706800000-704400000-2400000-704400000-240000029110000010-24.21-24.2100-24.21-24.21Notes to the Statement of Audited Consolidated Financial Results for the quarter and year ended March 31, 2026 <BR> <BR> 4.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 16, 2026. The Statutory Auditors of the Company who have issued unmodified audit reports thereon. <BR> <BR> 5.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> 6.On March 18, 2026, Maithan Ferrous Private Limited, a subsidiary has entered into a Shares Purchase Agreement (SPA) with the existing shareholders of Goldtree Impex Private Limited (GIPL) for the acquisition of 100% of the share capital. On completion of the condition precedent to SPA, GIPL has become wholly owned subsidiary of the Maithan Ferrous Private Limited w.e.f. March 18, 2026. The acquisition was carried out for a purchase consideration of Rs. 0.03 Crore. Based on guidance on definition of business under Ind AS 103, Management has classified above acquisitions as per acquisition method. <BR> <BR> 7.Maithan Electronics Private Limited, a subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on January 27, 2026 with the objects to explore the opportunities available into manufacturing of high-tension cable and is yet to commence its business operations. <BR> <BR> 8.Maithan Capital Limited, a wholly owned subsidiary having its registered office at Kolkata in the State of West Bengal has been incorporated on December 18, 2025 with the objects to undertake NBFC activities. Maithan Capital Limited is in process of submitting an application before Reserve Bank of India for obtaining Certificate of Registration (CoR). Maithan Capital Limited is yet to commence its business activity pending the receipt of CoR from Reserve Bank of India. <BR> <BR> 9.Based on G.O.Ms.No.07 dated February 23 , 2026 issued by the Government of Andhra Pradesh, the Government extended the concession relating to reduction in tariff charges (Demand Charges) and electricity duty applicable to Ferro Alloy Producers for a further period of one year beyond March 31, 2025. The notification clarified that the same concessions granted under earlier Government Orders would continue up to March 31, 2026 as a final extension. <BR> <BR> Pending issuance of the above notification, Maithan Alloys Limited & its Subsidiary, Impex Metal & Ferro Alloys Limited had paid demand charges at normal tariff rates during the period from April 2025 to January 2026. Pursuant to the issuance of the aforesaid Government Order in February 2026 and consequent confirmation of eligibility for concession, the excess demand charges paid earlier became recoverable. <BR> <BR> Accordingly, Maithan Alloys Limited and its Subsidiary, Impex Metal & Ferro Alloys Limited has recognized a refund of demand charges amounting to Rs. 22.54 Crore and Rs. 2.79 Crore respectively and reduced the same from power cost during the quarter ended March 31 2026. <BR> <BR> 10.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 Honble National Company Law Tribunal (NCLT) 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. NCLT has reserved its order in the said matter. <BR> <BR> 11.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. -178.01 Crore for the Quarter ended March 2026; ( Rs. 52.36 Crore for the Quarter ended December 2025); ( Rs. -138.72 Crore for the Quarter ended March 2025); ( Rs. 289.72 Crore for the year ended March 2026) and ( Rs. 645.68 Crore for the year ended March 2025) <BR> <BR> 12.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> <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. <BR> <BR> The Group has evaluated the impact of the OSHWC Code, 2020 regarding contract labour. Based on this assessment and existing service contracts, there is no financial impact on the current reporting period. The contractual obligation for statutory contributions and wage payments rests with the respective licensed contractors. The Group has monitored compliance and concluded that no secondary liability has devolved upon it during the reporting period. As the Group does not engage contract labour for core activities, no additional direct liability or permanent employment obligations have been triggered under the new framework. <BR> <BR> 13.The Board of Directors of the Maithan Alloys Limited, at their meeting held on May 16, 2026, has declared First Interim Dividend of Rs. 11/- per equity share (face value Rs. 10/- per equity share), for the financial year 2025-26. <BR> <BR> 14.The Board of Directors of the Maithan Alloys Limited have recommended a final dividend of Rs. 6/- per share (face value Rs. 10/- per equity share) for the year ended March 31, 2026, at their meeting held on May 16, 2026. The payment of final Dividend is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company. <BR> <BR> 15.The figures for the quarter ended March 31, 2026 and March 31, 2025 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 quarter and year ended March 31, 2026 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> For Maithan Alloys Limited <BR> <BR> <BR> Subodh Agarwalla <BR> Whole time Director & CEO <BR> <BR> Place: Kolkata <BR> Date : May 16, 2026. <BR> 2025-04-012026-03-31AuditedConsolidated2172590000041196000002584550000010725700000822300000-9258000009376000004410000002319000007573800000198065000006039000000060390000002017900000-38830000016296000000440940000000004409400000150000044109000004336500000729000004338000000729000002911000001041168500000148.96148.9600148.96148.96Power Cost1186000000Other Expenses670600000Power Cost5375500000Other Expenses2198300000287740000014800000016340000029000000001187240000000522200000123946000001699000001562300000012465400000165312000001304600000589600000478500000450000085620000019764600000108350000033313500000004893650000029110000041168500000414596000001250000004158460000041200000000184000005960000028300000192220000020101000002311800000689000007975000008664000006627000003840900000120660000015000002928000000534180000000735190000048936500000Other Financial Assets522200000Non Current Tax Assets116500000Other non-current assets53400000Other current financial assets856200000Other current assets1083500000Lease Liabilities18400000Other current financial liabilities662100000Lease Liabilities600000Other current liabilities1206600000Ferro Alloys5591800000Real Estate0Unallocated0Ferro Alloys21725900000Real Estate0Unallocated055918000002172590000000559180000021725900000Ferro Alloys987700000Real Estate0Unallocated0Ferro Alloys3013600000Real Estate-1000000Unallocated098770000030126000001403000004410000001570600000-3467400000-7232000006039000000Ferro Alloys11961900000Real Estate7141200000Unallocated2983340000048936500000048936500000Ferro Alloys2773600000Real Estate400000Unallocated4577900000735190000007351900000441000000-16093000001438000000-454300000172600000437000001887000000-398100000068090000002319000000-79000000-1033000000840000047940000016720000001650000000-31821000000-59000000-4331500000170750000000018061000000-98600000002868350000023628000000000022950000024880000000000003000000000697300000049700000004794000001647000000-21780000048146000000000000003503700000320000038000000045750000000-43444000003716000000371600000218000000589600000Re-measurements of the net defined Benefit plans-100000-100000Re-measurements of the net defined Benefit plans20000002000000-10000050000001500000AuditedtrueSinghi & Co.true2028-08-31