Maithan Alloys to hold 41st AGM on Sep 28, 2026; to approve dividends and auditor remuneration
Maithan Alloys Limited will hold its 41st AGM on September 28, 2026. Shareholders will vote on a final dividend of ₹6 per share and confirm an interim dividend of ₹11 per share. The agenda includes auditor remuneration, director appointments/reappointments, and changes in key management designations. Approval is also sought for related party transactions up to ₹800 crore for FY2026-27.
The AGM agenda includes several significant corporate actions like dividend approval, director appointments/reappointments, changes in management designations, and related party transaction approvals. These decisions can have a material impact on the company's governance and financial dealings.
The announcement is a routine notice for an Annual General Meeting, detailing various standard corporate business items such as financial statement adoption, dividend approval, director appointments, and auditor remuneration. While these are important, they do not indicate a significant positive or negative shift in the company's performance or outlook.
Maithan Alloys Limited has announced that its 41st Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 11:30 AM through Video Conferencing / Other Audio Visual Means.
The meeting agenda includes several key items. Shareholders will consider and adopt the revised Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. A significant proposal is the declaration of a Final Dividend of ₹6 per equity share for the financial year 2025-2026, in addition to confirming the payment of an Interim Dividend of ₹11 per equity share for the same period.
The agenda also features the appointment of a Director, Mr. Subodh Agarwalla, who retires by rotation and offers himself for re-appointment. Furthermore, shareholders will vote on increasing the remuneration of the Statutory Auditor, M/s. Singhi & Co., for various services including audits for FY2025-26 and FY2026-27, as well as quarterly reviews. The remuneration for the Cost Auditor, M/s. S. K. Sahu & Associates, for the financial year ending March 31, 2027, will also be ratified.
Several special business items are on the agenda, including alterations to the Objects Clause and Articles of Association of the Company. The proposed changes to the Objects Clause involve managing and investing internal accruals in capital markets and financial instruments, and altering provisions related to amalgamations and demergers. The Articles of Association will be amended by deleting provisions related to the Common Seal.
Additionally, the reappointment of Independent Directors Mr. Naresh Kumar Jain, Mr. Aayush Khetawat, and Mrs. Sonal Choubey for second terms is proposed. Mr. Chandra Prakash Kakarania and Dr. Ridhi Agarwala are proposed for appointment as Directors and Independent Directors. Changes in the designations of Mr. Subhas Chandra Agarwalla from Chairman and Managing Director to Executive Chairman, and Mr. Subodh Agarwalla from Whole-time Director and Chief Executive Officer to Managing Director & Chief Executive Officer, are also to be approved, both effective from October 1, 2026.
Finally, the meeting will seek approval for material related party transactions with Maithan Ferrous Private Limited, a subsidiary. For the financial year 2026-2027, an aggregate amount not exceeding ₹800 crore is proposed, and for the period April-September 2027, an amount not exceeding ₹500 crore is proposed.
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Maithan Alloys Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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