Maithan Alloys Limited Board Approves Enhancements to Related Party Transaction Limits and Committee Restructuring
Maithan Alloys Limited announced key resolutions passed by its Board of Directors during a meeting held on August 13, 2026. The board considered and approved enhancements to the limit for Material Related Party Transactions (MRPT) with its subsidiary, Maithan Ferrous Private Limited, along with alterations to the constitution of several company committees.The Board granted approval for two distinct MRPT limits concerning transactions with Maithan Ferrous Private Limited. For the Financial Year 2026-2027, the limit was enhanced from Rs 600.00 Crore up to an aggregate amount of Rs 800.00 Crore. Additionally, a limit of Rs 500.00 Crore was set for Material Related Party Transactions with the subsidiary during the period April to September 2027. Both MRPT limits are subject to shareholder approval.
Committee Alterations and Inductions
The Board meeting also addressed changes to the composition of various company committees, effective from August 13, 2026. New members were inducted into several key committees. Mrs. Sonal Choubey, Director (Non-Executive, Independent), was inducted as a member of the Audit Committee. Dr. Ridhi Agarwala, Additional Director (Non-Executive, Independent), and Mr. Chandra Prakash Kakarania, Additional Director (Non-Executive, Independent), were inducted into the Corporate Social Responsibility Committee and the Nomination and Remuneration Committee, respectively. Mr. Naresh Kumar Jain, Director (Non-Executive, Independent), was inducted as a member of the Risk Management Committee.Following these approvals, Mrs. Sonal Choubey tendered her resignation as a Member of the Stakeholders Relationship Committee effective August 14, 2025.
The revised membership structure for various committees includes:
| Committee Name | Key Members and Designation |
|---|---|
| Audit Committee | Mr. Aayush Khetawat, Mr. Subodh Agarwalla, Mr. P.K. Venkatramani, Mrs. Sonal Choubey (Chairman, Member, Member, Member) |
| Corporate Social Responsibility Committee | Mr. Subhas Chandra Agarwalla, Mr. Subodh Agarwalla, Mr. P.K. Venkatramani, Dr. Ridhi Agarwala (Chairman, Member, Member, Member) |
| Nomination and Remuneration Committee | Mr. Naresh Kumar Jain, Mr. P.K. Venkatramani, Mr. Chandra Prakash Kakarania, Mrs. Sonal Choubey (Chairman, Member, Member, Member) |
| Stakeholders Relationship Committee | Mr. Aayush Khetawat, Mr. Subhas Chandra Agarwalla, Mr. Chandra Prakash Kakarania, Mrs. Sonal Choubey (Chairman, Member, Member, Member) |
| Risk Management Committee | Mr. Subhas Chandra Agarwalla, Mr. Naresh Kumar Jain, Mr. P.K. Venkatramani, Mr. Pramoti K.umiu'Chaudhary (Chairman, Member, Member, Member) |
The company provided a comprehensive list of the revised committee members detailing their roles and committee assignments.
MAITHANALL Stock Price Movement
Maithan Alloys Limited shed value, declining by 2.09% to settle at ₹974.05 after a sluggish trading session today. The stock finished amidst moderate activity, with 38,822 shares recorded in total traded volume.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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