Maithan Alloys Limited [MAL] was incorporated under the erstwhile Companies Act, 1956 on 19th September 1985 with the corporate name Maithan Steel & Castings Limited. The name of the Company was subsequently changed to Maithan Alloys Limited with effect from 25
th April, 1995. Certificate for Commencement of Business was obtained from Registrar of Companies, West Bengal on 1
st October, 1985.
The Registered office of the Company is presently located at 9, AJC Bose Road, Kolkata-700017, West Bengal.
Details of Business
Maithan Alloys Limited is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power.
The Company was authorised to undertake business activities of Real Estate Sector, Health Sector, Hospitality Sector and Educational Sector along with its existing business activities consequent upon registration of its Memorandum of Association with altered Object Clauses, by the Registrar of Companies, West Bengal, on 17th January, 2025.
Share Capital
The Authorised capital of the Company w.e.f. 1st January, 2024 is Rs. 16769.00 lakh (divided into 16,76,45,000 equity shares of Rs. 10/- each and 45,000 redeemable cumulative preference shares of Rs. 10/- each).
The Issued, Subscribed and Paid-up share capital of the Company w.e.f. 8th March, 2024 are Rs. 2911.16 lakh (divided into 29111550 equity shares of Rs. 10/- each).
Dividend and Bonus History
Dividend and bonus history of the company since 1998 (1
st IPO) is as follows:
| Year ended |
% |
Dividend amount(Rs In Lacs) |
| 31.03.1998 |
15% |
55.20 |
| 31.03.1999 |
- |
- |
| 31.03.2000 |
15% |
88.45 |
| 31.03.2001 |
10% |
77.04 |
| 31.03.2002 |
- |
- |
| 31.03.2003 |
15% |
128.05 |
| 31.03.2004 |
15% |
145.56 |
| 31.03.2005 |
20% |
194.08 |
| 31.03.2006 |
5% |
48.52 |
| 31.03.2007 |
10% |
97..04 |
| 31.03.2008 |
20% |
194.08 |
| 31.03.2009 |
10% |
97.04 |
| 31.03.2010* |
10% |
145.55 |
| 31.03.2011 |
20% |
291.11 |
| 31.03.2012 |
20% |
291.11 |
| 31.03.2013 |
20% |
291.11 |
| 31.03.2014 |
20% |
291.11 |
| 31.03.2015* |
20% |
582.23 |
| 31.03.2016 |
20% |
582.23 |
| 31.03.2017 |
25% |
727.79 |
| 31.03.2018 |
30% |
873.35 |
| 31.03.2019 |
60% |
1746.69 |
| 31.03.2020 |
60% |
1746.69 |
| 31.03.2021 |
60% |
1746.69 |
| 31.03.2022 |
60% |
1746.69 |
| 31.03.2023 |
60% |
1746.69 |
| 31.03.2024 |
60% |
1746.69 |
| 31.03.2025 (Interim) |
60% |
873.35 |
*Dividend declared on enhanced capital
The Company has allotted Bonus shares in the ratio of 1:2, i.e. One Bonus share for every two shares held on 21
st June, 2010
The Company has allotted Bonus shares in the ratio of 1:1, i.e. One Bonus share for each shares held on 17
th July, 2015
Stock Codes
The shares of MAL are presently traded on
The Calcutta Stock Exchange Limited (CSE) [Script Code:10023915],
Bombay Stock Exchange (BSE) [Script Code:590078] and
National Stock Exchange of India Limited. [Script Code: MAITHANALL]
The shares are available for dematerialization with the National Securities Depository Limited and Central Depository Services (India) Limited under International Securities Identification Number (ISIN) code : INE – 683C01011.
Share Registrar & Transfer Agent
M/s. Maheshwari Datamatics Pvt. Ltd.
Regd. Office, 5th Floor, 23, R. N. Mukherjee Road, Kolkata-700001.
Phone No.: 033-2248-2248; 033-2243-5029 Fax No.: 033-2248-4787
