Key Event Details

The Board of Directors of Maithan Alloys Limited at its meeting held on August 4, 2026, approved the revised Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. This revision was necessitated by the Scheme of Merger by Absorption between Impex Metal & Ferro Alloys Limited (a wholly-owned subsidiary) and Maithan Alloys Limited becoming effective.

Merger Scheme Details

  • Scheme Effective Date: June 30, 2026 (upon filing with ROC, West Bengal)
  • Appointed Date: March 31, 2024 (retrospective)
  • NCLT Approval: Kolkata Bench order dated June 8, 2026
  • Accounting Treatment: Applied Ind AS 103 for business combinations under common control

Revised Financial Results Comparison

Standalone Results (₹ in Crore):

Before Tax:

  • Q4 FY26: Revised from ₹(108.44) to ₹(95.03)
  • FY26: Revised from ₹557.63 to ₹564.23

After Tax:

  • Q4 FY26: Revised from ₹(88.00) to ₹(74.65)
  • FY26: Revised from ₹428.40 to ₹434.77

Consolidated Results:

Remained unchanged as Impex was already a wholly-owned subsidiary and consolidated in previous results.

Dividend Information

  • Final Dividend: ₹6 per equity share (face value ₹10) for FY25-26 recommended on May 16, 2026
  • Subject to: Approval at ensuing Annual General Meeting
  • Record Date: To be intimated after Board approval
  • Interim Dividend: ₹11 per share already declared for FY25-26

Board Meeting Details

  • Date: August 4, 2026
  • Time: 4:30 PM to 6:40 PM

Key Financial Metrics (Standalone FY26)

  • Revenue from Operations: ₹2,188.90 crore
  • Other Income: ₹442.95 crore
  • Total Income: ₹2,631.85 crore
  • Profit Before Tax: ₹564.23 crore
  • Profit After Tax: ₹434.77 crore
  • EPS: ₹149.35 (basic and diluted)
  • Total Assets: ₹4,854.48 crore
  • Total Equity: ₹4,151.54 crore

Subsidiary Information

  • Maithan Electronics Private Limited: Incorporated January 27, 2026, yet to commence operations
  • Maithan Capital Limited: Incorporated December 18, 2025, applying for NBFC registration with RBI
  • Multiple other subsidiaries listed in consolidated results

Other Significant Matters

  • Andhra Pradesh Government Concession: Extended power tariff concessions until March 31, 2026, resulting in refund of ₹25.33 crore recognized in Q4 FY26
  • Labour Codes: Evaluated impact of new labor codes, concluded no material financial impact
  • Investment Gains: Other income includes fair value and realized gains on investments of ₹275.00 crore for FY26

Segment Information

  • Primary Segment: Ferro Alloys
  • FY26 Segment Revenue: ₹2,172.59 crore (Consolidated)
  • Segment Assets: ₹1,196.19 crore (Ferro Alloys segment)

Cash Flow Highlights (Standalone FY26)

  • Cash from Operations: ₹6.88 crore
  • Cash from Investing: ₹437.82 crore
  • Cash from Financing: ₹(419.05) crore
  • Net Change: ₹25.65 crore
  • Ending Cash: ₹42.69 crore