Independent Director Vivek Kaul resigned from the Board of Maithan Alloys Ltd effective June 19, 2026, upon the completion of his second term. The resignation, tendered via email on June 18, 2026, was accepted by the company and took effect at the close of business hours on the specified date. Consequently, Kaul also ceased to be a member of the Corporate Social Responsibility Committee of the Board of Directors.

Kaul was initially re-appointed as an Independent Director for a three-year term starting June 20, 2023. His departure marks the conclusion of this specific tenure. In his resignation communication, Kaul expressed gratitude for the opportunity to serve on the Board and the CSR Committee, noting the experience provided valuable insights into the principles of trusteeship and social impact.

The company confirmed that there are no material reasons for the resignation other than the completion of his tenure. Kaul also verified that he does not hold a directorship in any other listed entity. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Resignation

The following table outlines the key particulars regarding the change in management:

Maithan Alloys Ltd promoter Subhas Chandra Agarwalla declared that no new encumbrance has been created on the company's shares during the financial year ending March 31, 2026. The disclosure, submitted to the stock exchanges, confirms that no direct or indirect encumbrance was made by the promoter or persons acting in concert (PAC) other than those previously disclosed.

The declaration was made in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrance on shares to ensure transparency for shareholders.

The list of persons acting in concert with the promoter as of March 31, 2026, includes 12 individuals and one Hindu Undivided Family (HUF). All identified members belong to the Promoter or Promoter Group category.

Persons Acting in Concert

The following table details the individuals and entities classified as PACs with the promoter:

The disclosure was signed by Subhas Chandra Agarwalla on April 6, 2026, and addressed to the National Stock Exchange of India Ltd, BSE Limited, and The Calcutta Stock Exchange Limited.