Maithan Alloys Limited has announced a final dividend of Rs. 6.00 per equity share for the financial year 2024-25, as confirmed in a recent corporate filing. This dividend represents 60% of the face value of each equity share, which stands at Rs. 10.00.

Key Details of the Dividend Announcement

Important Dates

The company has set Friday, 19th September, 2025, as the record date for determining shareholders eligible for the final dividend. The Register of Members and Share Transfer Books will remain closed from Saturday, 20th September, 2025, to Saturday, 27th September, 2025 (both days inclusive).

Shareholder Approval and AGM

The final dividend, as recommended by the Board of Directors, is subject to shareholder approval at the forthcoming Annual General Meeting. The AGM is scheduled for Saturday, 27th September, 2025, where shareholders will have the opportunity to vote on the dividend proposal.

Company Background

Maithan Alloys Limited is a prominent player in the alloys industry. The company's consistent dividend policy reflects its commitment to delivering value to its shareholders.

Investors and shareholders are advised to take note of the record date and book closure period for dividend eligibility. The final approval and subsequent payment of the dividend will be contingent upon shareholder approval at the upcoming AGM.

Maithan Alloys Limited , a prominent player in the ferro alloys industry, has announced an extension to the planned closure of its Byrnihat Unit in Meghalaya. The company's Board of Directors, in a meeting held on August 13, 2025, decided to push the closure date from August 31, 2025, to September 30, 2025.

Reasons for Extension

The primary reason cited for this extension is the presence of pending orders. This decision allows Maithan Alloys additional time to fulfill its existing commitments before the indefinite shutdown of the unit.

Background of the Closure

The initial decision to close the Byrnihat Unit was driven by two main factors:

1. Adverse market conditions
2. A steep increase in power costs in the state of Meghalaya

These challenging circumstances led the company to opt for an indefinite production shutdown at the facility.

Impact and Implications

While the extension provides a brief reprieve, it's important to note that the closure remains scheduled, albeit a month later than originally planned. This move highlights the ongoing challenges faced by the ferro alloys industry, particularly in regions grappling with high power costs.

Company's Financial Performance

Despite the challenges at the Byrnihat Unit, Maithan Alloys has reported strong financial results for the quarter ended June 30, 2025:

The company has shown significant year-over-year growth in both revenue and profitability, despite the challenges faced at the Byrnihat Unit.

Looking Ahead

As Maithan Alloys navigates through these operational challenges, stakeholders will be keenly watching how the company manages its production capabilities and market position in the coming months. The extension of the Byrnihat Unit's closure date demonstrates the company's commitment to fulfilling its order book while also addressing the underlying issues of adverse market conditions and high power costs in Meghalaya.