Maiden Forgings Receives BSE Approval for Rs 25 Crore Preferential Issue

Maiden Forgings Limited , a key player in the forging industry, has received a significant regulatory milestone for its fund-raising initiative. The company has obtained in-principle approval from BSE Limited for the preferential issue of equity shares, marking progress in its Rs 29 crore capital raising plan announced earlier.

BSE Regulatory Approval

Particulars	Details
Exchange	BSE Limited
Scrip Code	543874
Approval Type	In-Principle Approval
Approved Shares	25 lakh equity shares
Face Value	Rs 10 per share
Approval Date	December 31, 2025

Fund Raising Structure

The company's board had previously approved a comprehensive fund-raising initiative through preferential allotment of securities, targeting Rs 29 crore for strategic purposes.

Component	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
Equity Shares Amount	Rs 25.00 crore
Warrants Issuance	4 lakh fully convertible warrants
Warrants Allottee	Nishant Garg (Managing Director)
Warrants Amount	Rs 4.00 crore
Issue Price	Rs 100.00 per instrument

Fund Utilization Strategy

The raised capital will be deployed across multiple growth initiatives:

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

Shareholding Impact

The preferential issue will result in changes to the company's ownership structure:

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

Corporate Governance Measures

The company has implemented several governance initiatives for the fund-raising process:

Formation of a dedicated fund-raising committee headed by Managing Director Nishant Garg
Approval for alteration of Articles of Association to include "Further Issue of Capital" clause
Extraordinary General Meeting scheduled for November 18, 2025, for shareholder approvals

Warrant Conversion Framework

Parameter	Details
Warrant Tenure	Up to 18 months from allotment
Conversion Ratio	1 warrant : 1 equity share
Exercise Period	Anytime within 18 months

The BSE approval represents a crucial step forward in Maiden Forgings Limited's capital raising journey. With regulatory clearance secured for the equity component, the company moves closer to accessing the funds needed for its expansion and modernization plans in the forging sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.42%	+0.01%	+2.50%	+12.12%	+32.01%	+54.11%

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.