Maithan Alloys Limited — JV/Acquisition, 28-05-2025: Amalgamation/Merger

Maithan Alloys Limited is merging with its wholly owned subsidiary, Impex Metal & Ferro Alloys, to optimize resources, cut costs, and strengthen its financial position by consolidating similar ferro alloys operations. Impex has been non-operational since April 2023 due to high power costs. The merger involves canceling Impex shares held by Maithan without issuing new shares, so promoter holding stays intact. This consolidation is expected to boost operational efficiency and enhance shareholder value without any dilution.