Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Maiden Forgings Limited ....
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Maiden Forgings Limited has started operations at its new manufacturing facility at Bhojpur, completing Phase I of its Unit II consolidation plan. The upgraded, larger plant is expected to deliver minimum monthly cost savings of ₹25 lakh (~₹2.5 crore annually) through lower admin, power, and labour costs. The company says the facility will support its B2G and defence ambitions, building on existing registrations with the Ordnance Factory Board and DRDO and orders from HAL, NTPC, and BHEL. It also plans to add higher-margin products like galvanized wire and stainless steel components, a solar power setup, and a dedicated Innovation Centre. For context, FY26 revenue rose 9.5% to ₹233.96 crore, but EBITDA fell 13.5% to ₹17.22 crore and net profit dropped 17% to ₹5.02 crore, showing margin pressure that this consolidation aims to address.
Capacity expansion and cost savings are positive for future margins, but near-term profitability has been declining, so investors should watch whether the new facility actually improves EBITDA margins. As a BSE SME-listed small-cap, the stock carries higher liquidity and execution risk.