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

Mahamaya Steel Industries (#MAHASTEEL) Board greenlit the acquisition of ~350 acres of land in Chhattisgarh for ~₹70 Cr. This is a strategic move to set up a captive solar power plant, primarily aiming to cut power costs for its steel manufacturing operations. The issue addressed is the company's existing power costs, with the mitigation plan being this investment in renewable energy. This initiative is expected to enhance cost efficiency and support the company's shift towards sustainable operations. Completion is targeted by July 2027.