Maithan Alloys Management Change
Maithan Alloys disclosed that independent director Palghat Krishnan Venkatramani ceased as a director effective 9 November 2026 on completing his second term. He gave no other material reason for resigning.
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Maithan Alloys disclosed that independent director Palghat Krishnan Venkatramani ceased as a director effective 9 November 2026 on completing his second term. He gave no other material reason for resigning.
Maithan Alloys Ltd reported revenue from operations of ₹556.8 Cr (+13.4% YoY) and net profit of ₹83.7 Cr for Q2 FY27.
Maithan Alloys will hold a board meeting on 5 November 2026 to consider unaudited half-yearly results for September 2026. Trading window closed until 7 November 2026.
Maithan Alloys acquired 0.04% of Sterlite Technologies via stock exchange for Rs 17.24 Crore. The purchase is an investment, and the company does not intend to acquire control.
Maithan Alloys Limited acquired 234,000 shares of Sterlite Technologies Limited via the stock exchange. This investment reflects the company's long-term and short-term capital deployment strategy.
Maithan Alloys invested Rs. 20.08 Crore to acquire a 0.05% stake in Sterlite Technologies Limited via the stock exchange for investment purposes.
Maithan Alloys acquired 0.09% of Sterlite Technologies (4,39,848 shares) for Rs. 38.72 Crore via stock exchange. The investment carries no control implication.
Maithan Alloys acquired 43,984 Sterlite Technologies shares (0.09%) worth Rs.38.72 Crore via stock exchange. The purchase is for investment, with no intent to acquire control.
Maithan Alloys Limited incorporated a new subsidiary, M&M Water Solutions Private Limited, by investing Rs. 4 Crore for an 80% stake to enter the water management sector.
Maithan Alloys acquired 7.80 lakh HFCL shares via stock exchange for Rs. 20.00 Crore. It triggered the SEBI threshold, with no intent to control HFCL.
Maithan Alloys informed that the Directorate of Revenue Intelligence conducted a search and seizure at its Visakhapatnam unit. Business operations remain unaffected with no financial impact.
Maithan Alloys disclosed a search and seizure operation conducted by the Customs Department at its Visakhapatnam unit. The company reports no financial or operational impact.
Maithan Alloys bought 7,65,000 HFCL shares (0.05%) for ₹20.14 Crore on 12 Oct 2026. The stock-exchange purchase is an investment with no control intent.
Maithan Alloys acquired 76,500 HFCL Ltd. shares worth Rs.20.14 Crore via stock exchange. The passive 0.05% stake crossed the 2% LODR disclosure threshold.