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 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

Utilization of Funds

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

1. Business expansion
2. Enhancement of production capacity
3. Modernization of business operations
4. Strengthening working capital

Impact on Shareholding Pattern

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

*Assuming full conversion of warrants into equity shares

Additional Corporate Actions

1. Alteration of Articles of Association: The board has approved changes to include a "Further Issue of Capital" clause, subject to shareholder approval.

2. Fund-Raising Committee: A dedicated committee has been formed to oversee the fund-raising process, headed by Nishant Garg (Managing Director).

3. 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.