Maithan Alloys Limited — Important, 01-02-2025: Disclosure of material issue

Production at Maithan Alloys' Kalyaneshwari Unit has been affected, with a previously announced 50% reduction in output initiated on August 1, 2024, due to challenging market conditions. As of February 1, 2025, the company plans to operate at 60% capacity. This gradual increase aims to adjust to market demands while potentially improving operational efficiency. Investors should monitor the ongoing market conditions and subsequent production adjustments, as these could signal recovery or further challenges ahead, impacting financial performance. Positive outlook hinges on the company's ability to adapt to fluctuations in demand.