Maithan Alloys Board Approves MOA Alteration Subject to Shareholder Approval

Maithan Alloys Limited announced that its Board of Directors, in a meeting held on August 4, 2026, has approved the alteration of the Company's Memorandum of Association (MOA). This alteration is subject to the subsequent approval of the shareholders.

The proposed changes include the insertion of a new sub-clause 9 under Clause 3(a) of the MOA. This new sub-clause will allow the company to manage, deploy, and invest internal accruals and own funds in capital markets, money markets, financial instruments, securities, mutual funds, derivatives, bonds, Gilt Funds, Schemes of Alternative Investment Funds, Real Estate Funds, and other capital market securities. These investments can be made in entities issued by corporate bodies, governments, or local authorities for treasury management, short-term deployment, or long-term capital appreciation, either directly or through subsidiaries. However, the company must ensure these activities do not lead to its classification as an NBFC by the Reserve Bank of India.

Additionally, Clause 3(b) of the MOA will be altered by deleting the existing sub-clause 11 and substituting it with a new one. The revised sub-clause 11 will permit the company, subject to the Companies Act, 2013, to amalgamate or merge with other companies, or to demerge its business, undertakings, properties, assets, rights, and/or effects. This includes the disposal of assets like cash, movable and immovable properties, stocks, shares, debentures, or other securities through methods such as a slump sale, amalgamation, merger, or demerger, for consideration as deemed fit.

The Board meeting commenced at 4:30 P.M. and concluded at 6:40 P.M. The disclosure as required under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, is enclosed as an annexure.