Maithan Alloys Limited — Others, 28-05-2025: Change in Management

Maithan Alloys has authorized setting up a subsidiary to enter agricultural and real estate sectors, marking a strategic diversification beyond its core operations. The Board approved loans of Rs 356.02 Cr to its wholly-owned subsidiaries for real estate development and corporate needs, reflecting capital allocation to new ventures. Elevating Mr. B. Venugopal Rao as Plant Head of the Visakhapatnam unit and Senior Management Officer reinforces operational leadership with his 12+ years of industry experience. These steps position the company to broaden business avenues and strengthen management for long-term growth.