Maithan Alloys has scheduled its 41st Annual General Meeting for September 28, 2026. The meeting will convene via video conferencing to address ordinary and special business items, including the declaration of dividends and significant board appointments.

The company seeks shareholder approval for a final dividend of ₹6 per equity share for FY26. This follows an interim dividend of ₹11 per share already paid during the financial year. The record date for determining dividend entitlement is set for September 21, 2026.

Board Appointments and Designations

The agenda includes substantial changes to the board composition and executive designations:

• Re-appointment of Mr. Naresh Kumar Jain, Mr. Aayush Khetawat, and Mrs. Sonal Choubey as Independent Directors for five-year terms.
• Appointment of Mr. Chandra Prakash Kakarania and Dr. Ridhi Agarwala as new Independent Directors.
• Change in designation of Mr. Subhas Chandra Agarwalla from Chairman and Managing Director to Executive Chairman, effective October 1, 2026.
• Change in designation of Mr. Subodh Agarwalla from Whole-time Director and Chief Executive Officer to Managing Director & Chief Executive Officer, effective October 1, 2026.

Mr. Subodh Agarwalla retires by rotation but offers himself for re-appointment as a director.

Related Party Transactions

Shareholders will vote on material related-party transactions with subsidiary Maithan Ferrous Private Limited (MFPL). The proposed aggregate transaction limits are:

These transactions involve the purchase and sale of ferro alloys, raw materials, trade advances, employee secondment, and loans. The company holds an 80% stake in MFPL.

Other Resolutions

The meeting will also address the following special business items:

• Increase in statutory auditor remuneration for M/s. Singhi & Co., raising the fee for standalone and consolidated audit from ₹21.50 lakh to ₹25.00 lakh per year.
• Ratification of cost auditor remuneration at ₹60,000 plus tax.
• Alteration of the Memorandum of Association to include investment activities in capital markets as a main object.
• Alteration of the Articles of Association to remove provisions relating to the common seal.

Maithan Alloys has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to stock exchanges. The filing details the company’s environmental, social, and governance metrics alongside key financial disclosures.

The company reported a turnover of ₹2,188.90 crore and a net worth of ₹4,151.54 crore for the financial year. CSR provisions under Section 135 of the Companies Act, 2013 apply to the entity based on these figures.

Operational Metrics

Maithan Alloys operates three plants and two offices across India. Its business activities are split between manufacturing metal products, which contributed 71.82% of turnover, and wholesale trading at 26.43%. Exports accounted for 64.33% of total turnover, with the company serving markets in 22 countries.

Environmental Disclosures

The company disclosed significant water usage and waste management data for FY26 compared to FY25.

Air emissions showed mixed trends. Nitrogen oxides (NOx) fell from 19.15 to 18.22 microgram/cum, while particulate matter (PM) rose from 55.04 to 68.38 microgram/cum. The company stated it does not have a Zero Liquid Discharge mechanism in place.

Social and Governance Data

As of the end of FY26, Maithan Alloys employed 446 permanent employees and 1,229 workers. Female representation among permanent employees was minimal, with only two women (0.45%). The board comprises eight directors, including one woman (12.50%).

Safety records remained clean with nil lost-time injury frequency rates (LTIFR) and zero fatalities reported for both employees and workers. The company conducted health and safety assessments covering 100% of its plants and offices.

What the Numbers Show

Water intensity per rupee of turnover increased from 0.011 in FY25 to 0.014 in FY26. This rise occurred despite a reduction in landfilling waste volume, suggesting that operational scaling or process changes may have impacted water efficiency relative to revenue generation during the period.