Maithan Alloys Limited has informed the Exchange about Closure of production at Byrnihat Unit of the Company

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

-2.2%Reaction day

₹1169.00

prior close

₹1151.60

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-1.4% vs market

Ferro & Silica Manganese peers, median of 7sector-1.0%-1.2% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.2 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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UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 7Pending

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AI summary

Maithan Alloys has fully suspended production at its Byrnihat Unit in Meghalaya from 22nd September 2025 for an indefinite period. The decision is driven by adverse market conditions and a steep rise in power costs in Meghalaya. The company had previously flagged this proposed closure in letters dated 30th June 2025 and 13th August 2025. Maithan Alloys operates three units, with the other two located in West Bengal and Andhra Pradesh.

Likely market impact

An indefinite shutdown means loss of revenue and production volume from this unit, which could weigh on short-term earnings. However, the move appears to be a cost-control decision to avoid losses from unviable operations, which may protect overall profitability in the long run.