Maithan Alloys Opens Special Window for Physical Share Transfer Re-lodgement

1 min read     Updated on 17 Mar 2026, 02:07 PM
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Reviewed by
Radhika SScanX News Team
Overview

Maithan Alloys Limited has opened a special window from February 05, 2026 to February 04, 2027 for shareholders to re-lodge physical share transfer deeds that were previously rejected due to document deficiencies. Following SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/3750/2026, the company published advertisements in Financial Express and Arthik Lipi newspapers on March 17, 2026. Company Secretary Rajesh K. Shah has submitted advertisement copies to NSE, BSE, and Calcutta Stock Exchange for compliance purposes.

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*this image is generated using AI for illustrative purposes only.

Maithan Alloys Limited has announced the opening of a special window for shareholders to re-lodge physical share transfer requests that were previously rejected or not processed due to document deficiencies. This initiative demonstrates the company's commitment to facilitating smooth share transfer processes for its stakeholders.

Regulatory Compliance and SEBI Circular

The special window has been established in accordance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/3750/2026 dated January 30, 2026. This regulatory directive mandates companies to provide opportunities for shareholders to rectify and re-submit share transfer documentation that may have been previously rejected due to various deficiencies in the process or supporting documents.

Parameter: Details
Window Period: February 05, 2026 to February 04, 2027
Regulatory Authority: SEBI
Circular Reference: HO/38/13/11(2)2026-MIRSD-POD/3750/2026
Circular Date: January 30, 2026

Public Notice and Advertisement

To ensure maximum reach and awareness among shareholders, the company published advertisements in leading newspapers on March 17, 2026. The advertisements were strategically placed in both English and regional language publications to cater to diverse shareholder demographics.

Advertisement Publication Details:

  • Financial Express (English Language)
  • Arthik Lipi (Bengali Language)
  • Publication Date: March 17, 2026

Stock Exchange Compliance

Company Secretary Rajesh K. Shah has fulfilled regulatory requirements by submitting copies of the newspaper advertisements to all relevant stock exchanges where the company's shares are listed. This ensures complete transparency and compliance with listing obligations.

Exchange: Scrip Code
National Stock Exchange: MAITHANALL
BSE Limited: 590078
Calcutta Stock Exchange: 10023915

Contact Information for Shareholders

Shareholders seeking to utilize this special window facility can contact the company through multiple channels. The company has provided comprehensive contact details to ensure easy accessibility for all stakeholders requiring assistance with share transfer processes.

Primary Contact:

Share Transfer Agent:

  • Maheshwari Data Matrix Private Limited
  • Address: 23 R.N Mukherjee Road, Kolkata-700001
  • Phone: 033-2248-2248 and 2248-2259

This special window initiative provides shareholders with a valuable opportunity to complete pending share transfers and ensure their holdings are properly recorded in the company's books. The one-year window period offers sufficient time for shareholders to gather necessary documentation and complete the re-lodgement process.

Historical Stock Returns for Maithan Alloys

1 Day5 Days1 Month6 Months1 Year5 Years
+1.40%-0.28%-11.49%-21.03%+3.49%+56.94%

Maithan Alloys Limited Acquires 0.02% Stake in Canara Bank for Rs. 19.88 Crore

2 min read     Updated on 17 Mar 2026, 11:46 AM
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Reviewed by
Radhika SScanX News Team
Overview

Maithan Alloys Limited has completed acquisition of 1491500 equity shares in Canara Bank for Rs. 19.88 crore, representing 0.02% shareholding. The transaction was conducted through stock exchange on 16th March 2026 as part of the company's investment strategy to generate long-term and short-term investment benefits, with no intention to acquire management control.

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Maithan Alloys Limited has completed the acquisition of equity shares in Canara Bank through stock exchange transactions, triggering disclosure requirements under SEBI regulations. The acquisition represents a strategic investment move by the alloys manufacturer into the banking sector.

Updated Transaction Details

The company acquired 1491500 equity shares of Canara Bank on 16th March 2026 at 3:30 P.M., representing 0.02% shareholding in the public sector bank. The total cost of acquisition amounted to Rs. 19.88 crore through cash consideration.

Parameter: Details
Shares Acquired: 1491500 shares
Shareholding Percentage: 0.02%
Total Investment: Rs. 19.88 crore
Transaction Date: 16th March 2026
Nature of Consideration: Cash

Target Entity Profile

Canara Bank, incorporated in 1906, is a major public sector bank in India providing comprehensive banking and financial services including acceptance of deposits, lending services, and credit facilities. The bank has established a significant presence both domestically and internationally.

Financial Metric (As at 31.03.2025): Amount
Turnover: Rs. 119755 crore
PAT: Rs. 17027 crore
Net Worth: Rs. 88241 crore

Historical Performance

Canara Bank has demonstrated consistent growth in its turnover over the past three financial years:

Financial Year: Turnover
2024-2025: Rs. 119755 crore
2023-2024: Rs. 108688 crore
2022-2023: Rs. 84425 crore

Investment Rationale and Compliance

Maithan Alloys Limited stated that the shares were acquired through stock exchange and form part of the company's investment portfolio with a view to reap long-term and short-term investment benefits. The company has explicitly clarified that it does not intend to acquire control, whether directly or indirectly, of Canara Bank's management.

Key Compliance Aspects

The transaction meets all regulatory requirements with the following characteristics:

Compliance Parameter: Status
Related Party Transaction: No
Promoter/Group Interest: No
Arms Length Transaction: Yes
Regulatory Approvals Required: No
Transaction Status: Completed

Global Operations

Canara Bank operates not only in India but also maintains presence in four foreign countries: United States of America, United Kingdom, United Arab Emirates, and Republic of Tanzania. This international footprint adds to the strategic value of the investment for Maithan Alloys Limited.

The disclosure was made in compliance with Regulation 30 of SEBI (LODR) 2015, following the triggering of threshold limits. The company became aware of the detailed particulars regarding the share acquisition on 17th March 2026 at 9:39 A.M.

Historical Stock Returns for Maithan Alloys

1 Day5 Days1 Month6 Months1 Year5 Years
+1.40%-0.28%-11.49%-21.03%+3.49%+56.94%

More News on Maithan Alloys

1 Year Returns:+3.49%