Subsidiary IMPEX switches on furnace, restarts ferro-alloy production

Plant restartedCapex & Operations View source PDF Explain this filing

MAITHANALL · price

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

+1.3%Reaction day

₹1105.00

prior close

₹1111.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+0.3% vs market

Ferro & Silica Manganese peers, median of 7sector+1.4%-0.1% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+1.3+0.9+0.3+1.4-0.1

Next day

-0.2+0.8-1.0-2.0+1.8

-5.7+0.7-6.5+1.7-7.5

-7.2+1.3-8.5-0.9-6.3

-10.6+0.5-11.1-3.6-6.9

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UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wholly owned subsidiary Impex Metal and Ferro Alloys Ltd (IMPEX), which had fully shut down production in April 2023, switched on one of its two furnaces on 11 November 2025. Commercial production is expected later this month, with the second furnace due in 5 to 7 days. A pending merger of IMPEX into Maithan Alloys awaits NCLT approval.

Likely market impact

Restart of a dormant subsidiary adds to production capacity and revenue potential, pending the merger approval.