Maithan Alloys Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Maithan Alloys has announced a board meeting approving a new subsidiary targeting agriculture and real estate ventures. The board also ratified Rs 356.02 Cr in loans to its wholly-owned subsidiaries for real estate and corporate uses. In leadership updates, B. Venugopal Rao, with over 12 years in steel production, has been promoted to Plant Head of the Visakhapatnam unit and elevated to Senior Management Officer. These steps highlight a push to diversify and bolster operational management.