Mahamaya Steel Industries Limited has announced its sales performance for January 2026, reporting total sales of 20,277.64 MT. The company disclosed this monthly business update in compliance with regulatory requirements under SEBI listing obligations.

Monthly Sales Performance

The steel manufacturer reported the following sales figures for January 2026:

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015. The company communicated these figures to both major stock exchanges where its shares are listed - BSE (Scrip Code: 513554) and NSE (Symbol: MAHASTEEL).

The disclosure was signed by Jaswinder Kaur Mission, Company Secretary & Compliance Officer, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory authorities.

Company Operations

Mahamaya Steel Industries Limited operates from its registered office and works located at Urla Industrial Complex in Raipur, Chhattisgarh. The company maintains various quality certifications including IS 2062:2011 and ISO 9001:2015, reflecting its commitment to quality standards in steel manufacturing.

The company serves as an approved supplier to several major organizations including BSP, BHEL, DMRC, SAIL, NTPC, ONGC, and GAIL, among others. Its product portfolio includes joists, channels, angles, flats, rounds, crossing sleeper bars, blooms, and billets.

Mahamaya Steel Industries Limited's board of directors has formally addressed the fine imposed by the National Stock Exchange (NSE) for delayed submission of half-yearly financial results. The board meeting held on January 19, 2026, specifically dealt with the regulatory non-compliance and its financial implications.

NSE Fine Details

The NSE imposed a significant penalty on the steel manufacturing company for failing to submit financial results within the prescribed timeframe. The fine structure and total amount are detailed below:

Company's Response and Compliance Timeline

The company maintains that it achieved compliance on November 13, 2025, the same day as its board meeting. On this date, Mahamaya Steel Industries submitted comprehensive documentation to both stock exchanges, including the outcome of the board meeting, quick results, and integrated filings. The company also fulfilled additional disclosure requirements by publishing results in newspapers and making them available on its website.

Technical Issues and Appeal

The board noted that despite timely submission, the penalty was imposed possibly due to technical issues with the NSE portal, as the results were correctly reflected on the BSE website. The company had requested NSE to waive the penalty considering all compliance aspects, but this request was not accepted by the exchange.

Board Resolution and Payment Status

The board emphasized several key points regarding the non-compliance:

• The delayed submission was not intentional
• All required documentation was submitted on the board meeting date
• The company has already paid the fine within the prescribed timeframe
• Full compliance was achieved across all regulatory requirements

Meeting Details

The board meeting commenced at 2:45 PM and concluded at 3:15 PM on January 19, 2026. The resolution was signed by Jaswinder Kaur Mission, Company Secretary and Compliance Officer, who holds membership number FCS 7489. The meeting specifically addressed the NSE's notice dated December 16, 2025, which outlined the non-compliance details and payment requirements.