Announced Mon, 31 Aug · 12:27 IST
Mahamaya Steel board clears new auditor, Rs 900 Cr borrowing cap
MAHASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹1329.10
prior close
₹1365.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2-0.2+0.4+5.3-0.4-5.3-7.9-1.6+0.1————
Up moveDown movePending
AI summary
Mahamaya Steel board met on 31 Aug 2026. New statutory auditor M/s Chopra A J and Associates recommended for 5 years, replacing K PR K and Associates after their second term ended. Independent Director Ms Vanitha Rangaiah re-appointed for 5 more years. Board also approved raising borrowing limits to Rs 900 Crore, plus related party deals including promoter loans for a Solar Project. 38th AGM set for 25 September 2026.
Likely market impact
Routine auditor rotation and director re-appointment. Higher debt and RPT limits signal expansion plans like a Solar Project, pending shareholder approval at AGM.