Maithan Alloys Completes NBFC Subsidiary Incorporation with ₹11 Crore Capital
Maithan Alloys Limited has completed the incorporation of its wholly-owned subsidiary Maithan Capital Limited with ₹11 crore capital comprising 1,10,00,000 equity shares for Non-Banking Financial activities. The Certificate of Incorporation was received on December 18, 2025, marking the completion of the strategic diversification process initially authorized by the Board in November 2025.
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Maithan Alloys Limited , a leading ferro alloys manufacturer, has successfully completed the incorporation of its wholly-owned subsidiary for Non-Banking Financial activities, marking a significant milestone in the company's diversification strategy.
NBFC Subsidiary Successfully Incorporated
The company has incorporated Maithan Capital Limited as its wholly-owned subsidiary, receiving the Certificate of Incorporation from the Ministry of Corporate Affairs on December 18, 2025. The certificate was received by the company at 11:47 A.M. on the same day, completing the process that was initially authorized by the Board of Directors on November 13, 2025.
Financial Structure and Investment Details
| Parameter: | Details |
|---|---|
| Subsidiary Name: | Maithan Capital Limited |
| Incorporation Date: | December 18, 2025 |
| Total Investment: | ₹11.00 crore |
| Share Structure: | 1,10,00,000 equity shares of ₹10 each |
| Ownership: | 100% (including nominees) |
The subsidiary has been established with an authorized, issued, subscribed and paid-up capital of ₹11.00 crore, comprising 1,10,00,000 equity shares of ₹10 each. The entire shareholding is held by Maithan Alloys Limited and its nominees, making it a completely owned subsidiary.
Business Objectives and Strategic Impact
Maithan Capital Limited has been incorporated to carry out Non-Banking Financial activities as may be permitted by the Reserve Bank of India (RBI). This strategic move represents Maithan Alloys' diversification beyond its core ferro alloys operations, potentially opening new revenue streams in the financial sector.
The newly incorporated company is yet to commence its business operations and will require necessary approvals from RBI for its NBFC activities. As of the incorporation date, the subsidiary reports nil turnover and PAT, with a net worth of ₹11.00 crore.
Leadership Appointments and Operational Updates
Alongside the subsidiary incorporation, the company has also appointed Mr. Sreejith Ariyanthari Thazhemadam as Senior Management Officer and Plant Head of its Visakhapatnam Unit, effective from November 13, 2025. Mr. Thazhemadam brings over 20 years of experience in ferro alloys manufacturing, with qualifications including B.E. in Metallurgy Engineering and proficiency in SAP and ERP systems.
Company Operations Overview
| Facility: | Location |
|---|---|
| Unit-I: | Kalyaneshwari, Paschim Bardhaman, West Bengal |
| Unit-II: | E.P.I.P, Byrnihat, Ri-bhoi, Meghalaya |
| Unit-III: | APSEZ, Atchutapuram, Visakhapatnam, Andhra Pradesh |
| Registered Office: | Ideal Centre, Kolkata |
These developments reflect Maithan Alloys' strategic approach to business diversification while strengthening its operational leadership across its ferro alloys manufacturing units.
Historical Stock Returns for Maithan Alloys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.18% | -2.50% | -15.56% | -6.49% | -19.98% | -20.08% |
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