Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Maiden Forgings Limited has successfully obtained ....

Regulatory Product ApprovalBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹85.01

prior close

₹85.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+1.2% vs market

Iron & Steel Products peers, median of 92sector-0.6%+1.4% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+0.8-0.4+1.2-0.6+1.4

Next day

+1.0-0.6+1.7-0.6+1.7

+1.2+0.3+0.9-0.6+1.8

+0.3+0.2+0.1-1.3+1.6

-2.4+0.1-2.5-1.2-1.2

-0.0+0.7-0.7-1.4+1.4

+0.6-0.3+0.9-3.4+4.0

15d

+0.0-2.0+2.0-4.2+4.2

+1.4-5.7+7.1-7.2+8.7

+5.9-7.8+13.7-8.4+14.2

+3.5-4.6+8.1-9.7+13.2

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 92Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maiden Forgings Limited has obtained registration with CEMILAC, Bengaluru, the certification body under India's Ministry of Defence responsible for military airworthiness approvals. The registration certificate (Application ID D0291025000093) was dated October 29, 2025. CEMILAC registration allows the company to qualify as an approved design and manufacturing agency for defence aviation components. The company, based in Ghaziabad, Uttar Pradesh, manufactures steel bright bars, ground bars, wire nails, and related products with an annual capacity of around 50,000 metric tonnes.

Likely market impact

This is a positive development — it makes Maiden Forgings eligible to bid for and supply forgings and steel components to India's defence aviation sector, potentially opening a new revenue stream from government defence orders.