Maithan Alloys merger with Impex Metal effective June 30

Maithan Alloys Ltd has completed its merger with Impex Metal & Ferro Alloys Ltd, effective June 30, 2026. The consolidation combines the operations of both entities under a single umbrella to streamline operations and enhance market presence. The merger process was formally concluded with a digital signature from Rajesh K. Shah on July 1, 2026, finalizing the regulatory and procedural requirements necessary to bring the two companies together.

Merger Details

The following table outlines the key details of the merger:

Aspect	Details
Effective Date	30 June 2026
Signing Date	01 July 2026
Signatory	Rajesh K. Shah

The integration of Impex Metal & Ferro Alloys Ltd into Maithan Alloys Ltd is expected to streamline operations and enhance market presence. The company has not yet disclosed specific financial impacts or operational changes resulting from the merger.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.22%	+0.04%	-3.57%	-0.01%	-16.85%	-6.77%

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:

S.No.	Particulars	Description
1.	Reason for Change	Resignation of Mr. Vivek Kaul (DIN: 00345022) as a Director consequent upon completion of his tenure as an Independent Director.
2.	Date of cessation	19 June, 2026
3.	Brief Profile	Not Applicable
4.	Disclosure of relationships	Not Applicable
5.	Letter of Resignation	Copy of the email received on 18 June, 2026, is enclosed.
6.	Other listed entity directorships	None