Maiden Forgings Limited , a BSE-listed Indian manufacturing company, has achieved a significant milestone in its journey towards contributing to India's defence sector. The company has successfully obtained registration with the Centre for Military Airworthiness Certification (CEMILAC), Bengaluru, under the Ministry of Defence, Government of India.

Key Details of the Registration

This registration marks a crucial step for Maiden Forgings Limited, potentially opening doors for the company to participate in defence-related manufacturing projects.

Company Profile

Maiden Forgings Limited, with its 35 years of manufacturing expertise, is well-positioned to leverage this new certification. The company's capabilities include:

Implications and Future Prospects

The CEMILAC registration could potentially allow Maiden Forgings Limited to expand its product portfolio and enter the defence manufacturing sector. This move aligns with the Indian government's push for increased domestic production in the defence sector under initiatives like 'Make in India' and 'Atmanirbhar Bharat' (Self-Reliant India).

While the specific implications of this registration on the company's future projects or revenue are yet to be disclosed, it represents a strategic positioning in the high-value defence manufacturing space.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Maiden Forgings Limited has duly informed the BSE Limited about this development. The company's prompt disclosure demonstrates its commitment to transparency and regulatory adherence.

As Maiden Forgings Limited embarks on this new chapter, stakeholders will be keenly watching how the company leverages this certification to potentially diversify its operations and contribute to India's defence manufacturing capabilities.

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

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.

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:

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

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.