Key Highlights

• Rajesh Agrawal reappointed as Managing Director for a five-year term from October 1, 2025, to September 30, 2030
• Nitesh Jain appointed as Secretarial Auditor for five consecutive financial years
• Shareholders approved 11 resolutions, including financial statements and related party transactions

Leadership Continuity

Shareholders of Mahamaya Steel Industries Limited have shown confidence in the company's leadership by approving the reappointment of Rajesh Agrawal as Managing Director. Agrawal, 53, brings over 35 years of experience in steel manufacturing, production, marketing, and administrative work to his role. His reappointment ensures continuity in the company's management for the next five years.

Governance and Compliance

In addition to Agrawal's reappointment, the AGM saw the appointment of Nitesh Jain as the company's Secretarial Auditor for a five-year term from April 1, 2025, to March 31, 2030. Jain, a practicing company secretary with experience in secretarial audits, will play a crucial role in ensuring the company's compliance with regulatory requirements.

AGM Proceedings

The AGM, conducted through video conferencing, saw the participation of 47 members. Chaired by Rajesh Agrawal himself, the meeting addressed various agenda items, including:

1. Adoption of audited standalone and consolidated financial statements
2. Appointment of Rekha Agarwal as a Non-Executive Non-Independent Director
3. Approval of remuneration for cost auditors
4. Increase in borrowing limits and approval for related party transactions

Shareholder Approval

All 11 resolutions presented at the AGM were passed with overwhelming majority. The voting results, as reported by the scrutinizer, showed that most resolutions received over 99.99% votes in favor, demonstrating strong shareholder support for the company's decisions.

Looking Ahead

With Rajesh Agrawal's reappointment and the approval of key financial and operational resolutions, Mahamaya Steel Industries Limited appears well-positioned to continue its growth trajectory in the steel manufacturing sector. The company's focus on governance and compliance, as evidenced by the appointment of a new Secretarial Auditor, also signals its commitment to maintaining high standards of corporate governance.

The AGM results reflect shareholder confidence in the company's leadership and strategic direction, setting a positive tone for Mahamaya Steel's operations in the coming years.

Mahamaya Steel Industries , a prominent steel manufacturing company, has announced its unaudited financial results for the first quarter. The company has demonstrated resilience in a competitive market, reporting a consolidated net profit after tax of ₹1.74 crore.

Financial Highlights

• Consolidated Total Income: The company reported a consolidated total income of ₹207.12 crore.
• Consolidated Net Profit: Mahamaya Steel Industries achieved a consolidated net profit after tax of ₹1.74 crore.
• Standalone Performance: On a standalone basis, the company recorded a net profit after tax of ₹1.67 crore.
• Equity Share Capital: The equity share capital stood at ₹16.95 crore.
• Earnings Per Share (EPS): The company reported an EPS of ₹1.01 for the quarter.

Quarter-on-Quarter Performance

Comparing the results with the previous quarter:

• The consolidated net profit after tax showed improvement, increasing from ₹0.87 crore to ₹1.74 crore.
• The total income remained stable at ₹207.12 crore, indicating consistent revenue generation.

Company Overview

Mahamaya Steel Industries Limited operates in the steel manufacturing sector, contributing to India's infrastructure and industrial growth.

Management's Compliance

In line with regulatory requirements, Mahamaya Steel Industries has published the extracts of its unaudited financial results in Business Standard (All Edition) and Amrit Sandesh Raipur. This demonstrates the company's commitment to transparency and adherence to listing obligations and disclosure requirements.

The company's performance in the first quarter reflects its ability to maintain profitability amidst market challenges. Investors and stakeholders will be keen to observe how Mahamaya Steel Industries builds on this performance in the coming quarters.