Mahamaya Steel Industries has scheduled its Annual General Meeting for Friday, September 25, 2026. The Board of Directors approved the date during a meeting held on August 22, 2026.

The board also appointed a scrutinizer to oversee the e-voting process for the ensuing AGM. Additionally, the directors approved the draft predispatch notice to be published in newspapers for members.

The meeting commenced at 11:00 am and concluded at 11:30 am. Jaswinder Kaur Mission, Company Secretary and Compliance Officer, confirmed the outcomes in a letter to the exchanges.

Key Board Approvals

• Appointment of scrutinizer for e-voting process
• Approval of draft predispatch notice for newspaper publication
• Fixing of AGM date for September 25, 2026

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.