Maithan Alloys Limited — JV/Acquisition, 11-06-2026: Amalgamation/Merger

Maithan Alloys (MAL) has received NCLT approval for the merger of its wholly-owned subsidiary, Impex Metal & Ferro Alloys, into MAL. This strategic move, effective March 31, 2024, aims to simplify the group structure, optimize costs, and enhance operational efficiency. As Impex is a wholly-owned subsidiary, there will be no new share allotment or dilution for existing Maithan Alloys shareholders. The merger is expected to strengthen MAL's financial position, which had a net worth of 2807.70 Cr, by integrating Impex (net worth of 63.74 Cr) and pooling resources, benefiting long-term investors.