Mahamaya Steel Industries has scheduled a Board of Directors meeting for Monday, August 31, 2026. The session will focus on administrative approvals for the company's upcoming annual general meeting.

The meeting is set to commence at 11:00 am at the company's registered office in Raipur, Chhattisgarh. Management will convene to finalize procedural aspects of the 38th Annual General Meeting (AGM).

Agenda Items

The board will consider and approve the following matters:

• Approval of the Board's Report, Corporate Governance Report, and Notice of the 38th AGM
• Approval of the book closure period for the AGM
• Determination of the cut-off date for eligibility to participate in remote e-voting and e-voting at the AGM
• Any other matter with the permission of the Chair

This intimation is issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has communicated this notice to both the Bombay Stock Exchange and the National Stock Exchange of India.

Mahamaya Steel Industries reported a net profit of ₹213.55 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 29% increase from the ₹166.07 lakh recorded in Q1FY26. The Raipur-based steel manufacturer saw its revenue from operations rise by 29% year-on-year to ₹2,676.29 lakh, up from ₹2,070.48 lakh in the corresponding period of the previous fiscal.

The company’s Board of Directors approved the standalone and consolidated unaudited financial results during a meeting held on August 13, 2026. The results were reviewed by KPRK & Associates LLP, the statutory auditors, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The revenue growth was primarily driven by core operations, as other income fell sharply to ₹12.09 lakh from ₹7.40 lakh in Q1FY26. Total income for the quarter stood at ₹2,677.49 lakh compared to ₹2,071.22 lakh in the prior year period.

Expenses rose in tandem with revenue, with total expenses increasing to ₹2,648.63 lakh from ₹2,055.03 lakh. Cost of materials consumed accounted for the largest expense head at ₹2,112.93 lakh, up from ₹1,818.52 lakh in Q1FY26. Employee benefit expenses also increased to ₹61.15 lakh from ₹47.44 lakh.

What the Numbers Show

A notable divergence exists between operational profitability and other income streams. While revenue grew significantly, other income declined marginally in absolute terms but represented a negligible portion of total income (0.04%). This indicates that the profit growth was purely operational, derived from improved top-line performance rather than non-operating gains. Additionally, finance costs decreased to ₹6.93 lakh from ₹11.95 lakh in Q1FY26, suggesting better debt management or lower interest rates, which contributed to preserving margins despite rising input costs.

Consolidated Results

On a consolidated basis, including its associate Abhishek Steel Industries Limited, Mahamaya Steel reported a net profit of ₹212.84 lakh for Q1FY27, compared to ₹173.66 lakh in Q1FY26. The share of profit from associates was a loss of ₹0.72 lakh, contrasting with a gain of ₹7.59 lakh in the same quarter last year. Consolidated revenue remained identical to standalone figures at ₹2,676.29 lakh.

Earnings per share (basic) stood at ₹1.30 for the quarter, up from ₹1.01 in Q1FY26. The company operates in a single reportable business segment: Steel Segment.