Maithan Alloys Limited has submitted the Exchange a copy of announcement together with the Srutinizers report of Annual General Meeting held on September 27, 2025. Further, the company has informed the Exchange regarding voting results.
MAITHANALL · price
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Maithan Alloys Limited held its 40th Annual General Meeting on September 27, 2025, via video conferencing. All five ordinary resolutions were passed with overwhelming shareholder approval, each receiving over 99.98% votes in favor. Key items included the adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, and the approval of an interim dividend of ₹3 per share and a second interim dividend of ₹7 per share for FY 2024-25, along with a final dividend to be declared. Shareholders also approved the re-appointment of Mr. Subhas Chandra Agarwalla (DIN: 00088384) as a director retiring by rotation, ratified the remuneration of the Cost Auditor, and appointed M/s. Patnaik and Patnaik as Secretarial Auditor for five consecutive years. The total shareholder count on the cut-off date (September 20, 2025) was 40,810, with voting conducted through the CDSL e-voting platform and overseen by scrutinizer Mr. Sankar Kumar Patnaik.
Shareholders have greenlit the FY 2024-25 financial statements and confirmed an interim dividend payout of ₹10 per equity share, with a final dividend still to be declared. The near-unanimous approval across all resolutions reflects strong shareholder confidence in the management and continuity of board leadership, with no governance concerns raised.