Maithan Alloys Limited has informed the Exchange regarding approval of the Material Related Party Transactions with Maithan Ferrous Private Limited (a subsidiary of the Company) by the Board of Directors upto an aggregate amount of Rs 600 Crore during the Financial Year 2026-27, subject to the approval of the shareholders.
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The Board of Directors of Maithan Alloys Limited has approved material Related Party Transactions (RPTs) with its subsidiary, Maithan Ferrous Private Limited, for an aggregate value of up to Rs 600 Crore during Financial Year 2026-27. These transactions are subject to shareholder approval, as required under SEBI's related party transaction norms. The filing is essentially a compliance disclosure informing the exchange of the board-level approval. The actual movement of funds or business between the parent and its subsidiary will be detailed once shareholders approve the proposal.
This is largely a procedural governance disclosure and is not expected to materially impact the stock price. Shareholders will get a voting opportunity on the Rs 600 Crore inter-company transaction cap, and investors should review the rationale and use of funds once the notice is dispatched.