Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Maiden Forgings' Board approved its unaudited H1 FY26 results (ended September 30, 2025) along with a clean limited review report from auditor HG & Co. Revenue from operations was nearly flat at Rs 10,944.25 lakhs versus Rs 10,908.75 lakhs in H1 FY25, while total income stood at Rs 11,136.37 lakhs. Profit after tax fell sharply to Rs 209.70 lakhs (from Rs 404.72 lakhs), a drop of about 48%, pulling down basic EPS to Rs 1.48 from Rs 2.85. Finance costs stayed high at Rs 265.94 lakhs and depreciation rose to Rs 157.59 lakhs, weighing on margins. The filing also discloses related party transactions with a sister concern (Rarepixel Ventures) and directors (Nishant Garg, Nivedita Garg) totalling roughly Rs 59.85 lakhs during the half-year.
Despite stable top line, profits nearly halved and cash from operations turned deeply negative (Rs -650.91 lakhs), signalling margin pressure and working-capital strain that could weigh on the stock. The disclosed related party transactions with the sister concern and directors are worth monitoring for any governance red flags.