Maiden Forgings Approves Rs 29 Crore Fund Raising Through Preferential Issue

Maiden Forgings Limited , a key player in the forging industry, has announced a significant move to bolster its financial resources and support its growth plans. The company's board has approved a fund-raising initiative through a preferential allotment of securities, aiming to secure Rs 29 crore for various strategic purposes.

Key Details of the Preferential Issue

Particulars	Details
Total Fund Raising	Rs 29.00 crore
Equity Shares Issuance	25 lakh shares at Rs 100.00 per share
Equity Shares Allottee	Qadosh Ventures Private Limited (Non-Promoter, Public Category)
Equity Shares Amount	Rs 25.00 crore
Warrants Issuance	4 lakh fully convertible warrants
Warrants Allottee	Nishant Garg (Managing Director, Promoter Group)
Warrants Amount	Rs 4.00 crore
Issue Price	Rs 100.00 per instrument (for both equity shares and warrants)

Utilization of Funds

The company plans to utilize the raised funds for several key initiatives:

Business expansion
Enhancement of production capacity
Modernization of business operations
Strengthening working capital

Impact on Shareholding Pattern

The preferential issue is expected to alter the company's shareholding structure:

Category	Pre-Issue	Post-Issue*
Promoters and Promoter Group	71.97%	62.11%
Public	28.03%	37.89%

*Assuming full conversion of warrants into equity shares

Additional Corporate Actions

Alteration of Articles of Association: The board has approved changes to include a "Further Issue of Capital" clause, subject to shareholder approval.
Fund-Raising Committee: A dedicated committee has been formed to oversee the fund-raising process, headed by Nishant Garg (Managing Director).
Extraordinary General Meeting: Scheduled for November 18, 2025, to seek shareholders' approval for the preferential issue and other related matters.

Warrant Conversion Terms

Warrant tenure: Up to 18 months from the date of allotment
Conversion ratio: 1 warrant : 1 equity share
Exercise period: Anytime within 18 months from the date of allotment

This strategic move by Maiden Forgings Limited demonstrates the company's commitment to strengthening its financial position and pursuing growth opportunities in the forging sector. The preferential issue, once completed, is expected to provide the necessary capital for the company's expansion plans and operational enhancements.

Investors and stakeholders will be keenly watching how the company leverages these funds to drive growth and improve its market position in the coming months.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.58%	+1.05%	+3.41%	+25.57%	+8.38%	+46.84%

Maiden Forgings Limited (Scrip Code: 543874) has taken a step towards transparency by sharing a video recording of their recent strategic discussion with Alphawealth Avenues. The company's move comes as part of its commitment to keeping investors and stakeholders informed about its future direction.

Key Highlights

Discussion Date: The strategic discussion took place on Sunday, July 27, 2025.
Focus: The meeting centered on Maiden Forgings Limited's future plans and vision.
Disclosure: The company submitted the information to BSE Limited on July 28, 2025, in compliance with regulatory requirements.
Accessibility: A video recording of the session is available on YouTube for public access.

Regulatory Compliance

Monika Negi, Company Secretary and Compliance Officer of Maiden Forgings Limited, submitted the information to the BSE Limited. This submission is in line with Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to regulatory standards.

Access to the Recording

Interested parties can access the video recording of the strategic discussion through the following YouTube link: https://youtu.be/fhiJn4rb01E?feature=shared

This proactive approach by Maiden Forgings Limited provides an opportunity for investors, analysts, and other stakeholders to gain insights into the company's strategic direction directly from the management's discussion with Alphawealth Avenues.

The sharing of such strategic discussions underscores the company's commitment to transparency and open communication with its stakeholders. It allows for a broader understanding of Maiden Forgings Limited's vision and future plans, which could be valuable for those following the company's progress in the market.