Maiden Forgings Ltd — Important, 24-10-2025: Company Update

The company's Board has approved several key initiatives aimed at bolstering its financial resources and operational capabilities. This includes altering its Articles of Association to streamline future capital raises. The board also greenlit a preferential issue to raise funds: up to 25 lakh equity shares will be issued to M/s. Qadosh Ventures Private Limited for Rs 25 Cr, and 4 lakh fully convertible warrants to Promoter Mr. Nishant Garg for Rs 4 Cr. These funds are earmarked for business expansion, production capacity, and working capital. A Fund-Raising Committee has been formed to manage this process. Shareholders will vote on these proposals at an Extra-Ordinary General Meeting.