Maithan Alloys Limited has informed the Exchange regarding 'Authority to sell the Capital Assets of the Byrnihat Unit of the Company'.
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Maithan Alloys has informed the stock exchanges that its Board of Directors, via a resolution passed on 26 September 2025, has authorised company officers to sell the capital assets of its Byrnihat Unit located in Ri-Bhoi District, Meghalaya. This follows earlier intimations (dated 30 June, 13 August, and 22 September 2025) regarding the closure of production at the Byrnihat Unit. The company has three manufacturing units in total (West Bengal, Meghalaya, and Andhra Pradesh), and the Meghalaya unit's production has already been wound down. No buyer, deal value, or timeline for the sale has been disclosed in this filing.
The sale will help the company monetise idle/closed manufacturing assets and potentially free up capital, but the absence of any disclosed buyer or price means the financial impact remains uncertain for now. Shareholders should watch for follow-up disclosures with sale value and any gain/loss on disposal.