Pursuant to the provision of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit a press release ....
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Maiden Forgings Limited (MFL) has been officially registered as a supplier with the Ordnance Factory Board (OFB), Murad Nagar, under the Centralized Vendor Registration process. This is in addition to its existing registration with OFB Kolkata, strengthening the company's presence in the Business-to-Government (B2G) segment and expanding its participation in India's defence manufacturing network. MFL, incorporated in 1988, is a manufacturer of bright steel bars and wires with over 35 years of experience and multiple production facilities in Ghaziabad (NCR). For FY25, the company reported total income of ₹213.57 crore, EBITDA of ₹19.91 crore, and profit after tax of ₹6.05 crore.
This development opens a new revenue channel in the defence sector for MFL, potentially diversifying its order book and reducing dependence on commercial customers. For shareholders, it signals the company's strategic push into higher-margin government/defence contracts, though near-term financial impact may be limited until actual orders materialize.