Maithan Alloys Announces Board Meeting to Review Financials Following Merger Sanction
Maithan Alloys Ltd has announced a meeting of its Board of Directors to consider revised standalone and consolidated financial statements subsequent to the sanction of a merger by absorption.The Board meeting is scheduled for Tuesday, August 4, 2026, at 4:30 P.M. The meeting will take place at the Company’s Registered Office in Kolkata.
The agenda items for the meeting include considering the revised Standalone Financial Statement and the revised Consolidated Financial Statement of the Company for the financial year ended on March 31, 2026. Additionally, the board is set to consider the revised Standalone Financial Results and the revised Consolidated Financial Results for the quarter ending on June 30, 2026.
The need for these financial statement revisions stems from the sanction of the ‘Scheme of Merger by Absorption.’ The merger involves Impex Metal & Ferro Alloys Limited, a wholly owned subsidiary of Maithan Alloys, with the Company. This scheme was sanctioned by the Hon ble National Company Law Tribunal (NCLT), Kolkata Bench, vide its Order dated July 19, 2026.
The notice also provided an update regarding the trading window for the company's securities. The trading window closed on July 1, 2026 and will remain closed until 48 hours after the declaration of duly approved financial results for the quarter ended on June 30, 2026 by the Board of Directors.
MAITHANALL Stock Price Movement
As of 12:19 PM, Maithan Alloys Limited sees its shares climb to ₹969.3 today, posting a gain of 1.04% in live trading. The stock has traded within a narrow intraday range between ₹961.8 and ₹983.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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