Maithan Alloys Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 27, 2025
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Maithan Alloys held its 40th Annual General Meeting on September 27, 2025, via video conferencing, with 61 members in attendance. Chairman and Managing Director Subhas Chandra Agarwalla presided over the meeting. Key resolutions moved included approval of the audited standalone and consolidated financial statements for FY25, payment of an interim dividend of ₹3 per share and a second interim dividend of ₹7 per share, re-appointment of Mr. Agarwalla as Director (retiring by rotation), ratification of the Cost Auditor's remuneration, and appointment of the Secretarial Auditor. The Statutory and Secretarial Auditors' reports contained no qualifications, observations, or adverse remarks. Shareholders raised queries on capex plans, plant capacity utilization, the impact of new US tariffs, supply chain disruptions, business diversification, the scheme of merger, AI adoption, and CSR activities, to which the CEO responded. Voting results are to be announced on or before September 29, 2025.
The combined dividend payout of ₹10 per share (with a final dividend still to be declared) is a positive signal for income-focused shareholders. Clean audit reports and a routine AGM outcome suggest stable governance with no material red flags, though the meeting's discussion around US tariffs and supply chain pressures points to ongoing headwinds worth monitoring.