Maithan Alloys Limited has informed the Exchange about Amalgamation/Merger of Impex Metal & Ferro Alloys Limited with Maithan Alloys Limited and their respective shareholders and creditors under applicable provisions of the Companies Act, 2013.
MAITHANALL · price
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On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 3.2 pts less than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Maithan Alloys Limited has informed the stock exchange about a proposed amalgamation/merger of Impex Metal & Ferro Alloys Limited with itself. The merger will also involve the respective shareholders and creditors of both companies. The move is being carried out under the applicable provisions of the Companies Act, 2013, which means a formal scheme of arrangement will need to be filed with the National Company Law Tribunal (NCLT) and approved by regulators, shareholders, and creditors. No share swap ratio, deal value, or timeline has been disclosed in this announcement. Both companies operate in the ferro alloys and metals segment, suggesting the merger is aimed at consolidation within the same industry.
If approved, the merger could expand Maithan Alloys' scale and operational capacity in the ferro alloys space, but the deal is subject to NCLT approval, shareholder and creditor consent, and other regulatory clearances. Near-term stock impact is likely to be neutral until further details such as swap ratio and synergies are announced.