Change in Director / Key Managerial Personnel
Nature of change: Redesignation of two executive directors
Subhas Chandra Agarwalla (DIN: 00088384)
- Change in designation from Chairman and Managing Director to Executive Chairman
- Effective date: 1st October, 2026
- Tenure: For the remainder of his current tenure
- Reason: Relinquishment of role and responsibilities attached to the office of Managing Director with effect from 30th September, 2026
- Profile: Eminent industrialist with rich and varied experience in the ferro alloys industry. Backbone of Maithan Alloys Limited who has nurtured the Company for more than a quarter of a century. Experienced in Human Resources Development, Planning and Budgeting, Corporate Planning, Accounts, Finance and Tax laws.
- Relationships: Promoter of the Company and immediate relative of Mr. Subodh Agarwalla (Whole-time Director and CEO) and Mr. Sudhanshu Agarwalla (President & CFO)
- Remuneration: Terms and conditions remain unchanged
Subodh Agarwalla (DIN: 00339855)
- Change in designation from Whole-time Director and Chief Executive Officer to Managing Director & Chief Executive Officer
- Effective date: 1st October, 2026
- Tenure: For the remainder of his current tenure
- Reason: Consequent upon relinquishment of role and responsibilities attached to the office of Managing Director by Mr. Subhas Chandra Agarwalla with effect from 30th September, 2026
- Profile: Started spearheading operational activities since age of 28. Instrumental in driving organization plans and goals with excellent decision-making skills and ability to plan for the future. Has rich and varied experience in production and logistics management of ferro alloys. Strong understanding of Ferro Alloys manufacturing process with vast knowledge in man-management, budgeting, corporate planning, finance and taxation. Holds B.Tech from IIT BHU and M.B.A from IIM Bangalore.
- Relationships: Member of the promoter group and immediate relative of Mr. Subhas Chandra Agarwalla (Chairman and Managing Director) and Mr. Sudhanshu Agarwalla (President & CFO)
- Remuneration: Terms and conditions remain unchanged
Approval Status: The changes in designation are subject to the approval of the shareholders of the Company.
Key Financial or Operational Approvals
The Board meeting approved the redesignation of the two executive directors. No other financial or operational approvals were mentioned in the disclosure.
Strategic or Business Context
The disclosure does not contain specific commentary on business outlook, risks, trends, or macro/micro developments. The management changes appear to be part of a succession planning process within the promoter family.
Any Other Material Information
Board Meeting Details:
- Date: 13th August, 2026
- Commencement: 12:30 PM
- Conclusion: 4:25 PM
Regulatory Compliance:
- Disclosure submitted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Includes required annexure as per Master Circular No. HO/CFD-PoD-2/P/CIR/2026/3762 dated 30th January, 2026
Company Locations:
- Manufacturing Units: Unit I (Kalyaneshwari, West Bengal), Unit III (Visakhapatnam, Andhra Pradesh), Unit IV (Vizianagaram, Andhra Pradesh)