Mahamaya Steel Industries Limited — Important, 13-08-2026: Disclosure of material issue

Mahamaya Steel (MAHASTEEL) is making a strategic move! The Board has approved acquiring ~350 acres for ₹70 Cr to set up a Solar Power Plant. This is a game-changer for their steel ops, aiming to slash power costs via captive consumption & boost renewable energy adoption. Expected completion by July 2027. This initiative addresses the high power costs faced by the steel manufacturing operations, providing a sustainable mitigation plan to enhance operational efficiency and reduce expenses. #MAHASTEEL #SolarPower