Maithan Alloys 41st AGM in 2026: dates and dividends

What the company announced

Maithan Alloys Limited has scheduled its 41st Annual General Meeting (AGM) for September 28, 2026. The meeting will be held at 11:30 am and conducted through Video Conferencing or Other Audio Visual Means. The company said the disclosure is in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A public notice about the AGM was published on September 3, 2026, in Financial Express and Arthik lipi. The notice convening the AGM was dated August 13, 2026. The company also indicated that members can access the relevant documents through the company’s registered channels.

AGM logistics: date, time, and mode

The AGM is set for September 28, 2026, at 11:30 am. The company will host the meeting online through VC/OAVM. This format has become standard for many listed companies for shareholder participation and voting convenience. The published notice date and the public advertisement date establish the formal compliance trail for the meeting. Maithan Alloys has referenced the SEBI LODR framework in its communication. The details also help shareholders plan for participation and review the agenda material ahead of time. The final dividend proposal for FY 2025-26 is among the items that require shareholder approval at the AGM.

Dividend updates: ₹6 final dividend and earlier ₹11 interim

Maithan Alloys has declared a dividend of ₹6.00 per share with an ex-date of September 21, 2026. The company has also stated that the final dividend is subject to shareholder approval at the upcoming AGM. Separately, the company declared an interim dividend of ₹11 per share, with May 22, 2026 cited as the record date for the interim dividend. These dividend actions are presented as part of the FY 2025-26 distribution plan: an interim dividend already declared and a final dividend recommended, awaiting shareholder consent. Investors tracking corporate actions will typically watch the ex-date for price adjustments and eligibility cut-offs. The AGM outcome will determine whether the final dividend proceeds as recommended.

Q1 FY27 results: profit and revenue contraction

The company reported Q1 FY27 consolidated net profit of ₹395.72 crore, down 26.5% year-on-year. Revenue for the same quarter was ₹539.53 crore, down 14.6% year-on-year. The results were described as restated to reflect the merger with Impex Metal & Ferro Alloys Ltd. This merger became effective June 30, 2026, and was approved by the National Company Law Tribunal (NCLT). The company’s release places the quarterly numbers in the context of the corporate restructuring, which can affect comparability across periods. Alongside profit and revenue, the article data also lists reported EPS at 99.81, while estimated EPS is shown as unavailable.

Board meeting and financial reporting timeline

Maithan Alloys informed BSE that a meeting of the Board of Directors was scheduled on August 13, 2026. The agenda included consideration and approval, and taking on record, of the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. This aligns with the Q1 FY27 reporting cycle and the effective date of the Impex Metal & Ferro Alloys merger. The company also listed quarterly results announcement dates of August 13, 2026 and August 4, 2026 in its events timeline. For investors, the sequencing of board approval, exchange filings, and subsequent shareholder communications often clarifies how quickly updated financial information is incorporated into market disclosures. The AGM timeline then brings the shareholder approvals, including dividend-related items, into focus.

Management changes proposed from October 1, 2026

Maithan Alloys also disclosed a change in management under Regulation 30 of SEBI LODR. The company restructured its executive leadership, proposing that Mr. Subodh Agarwalla be redesignated as Managing Director and CEO. Mr. Subhas Chandra Agarwalla is proposed to transition to Executive Chairman. The effective date mentioned is October 1, 2026, subject to shareholder approval. This links the leadership change to the AGM cycle, where shareholders will consider and vote on relevant resolutions. Separately, the management list provided includes S C Agarwalla as Chairman and Managing Director, and Subodh Agarwalla as Whole Time Director and CEO.

Corporate actions and historical reference points

The last bonus declared by Maithan Alloys Ltd. was on May 26, 2015, according to the provided data. The company’s dividend history in the material also includes a final dividend of ₹16.00 per equity share, with September 19, 2025 set as the record date, and board approval on May 28, 2025. That dividend was described as awaiting shareholder approval at the AGM scheduled for September 27, 2025. These references are typically used by investors to understand a company’s corporate action pattern and how approvals are routed through shareholder meetings. While historical actions do not determine future payouts, they add context to the current FY 2025-26 dividend cycle.

Asset sale authorization for the Byrnihat Unit

The company’s Board of Directors has authorized the sale of capital assets from its closed Byrnihat Unit in Meghalaya. The disclosure indicates that the unit is closed, and the authorization relates to disposing of capital assets associated with it. Such actions are generally tracked because they can affect asset base, cash flows, and reported financials over time. The material provided does not specify the value of the assets or timelines for the sale, so the disclosure should be read as an approval in principle. Investors usually look for subsequent filings if and when the company finalises transaction terms.

Key facts table

Market impact and what shareholders will watch

The immediate market-relevant events in the disclosure set are the AGM schedule, the proposed final dividend, and the management redesignation subject to shareholder approval. Dividend ex-dates and record dates matter for eligibility and typically coincide with higher investor attention around the stock. The Q1 FY27 numbers show year-on-year declines in both profit and revenue, with the company highlighting restatement due to the merger becoming effective June 30, 2026. For shareholders, the AGM becomes the point where dividend recommendations and management changes move from board decisions to shareholder-approved outcomes. Separately, disclosures like the Byrnihat unit asset sale authorisation can become relevant if subsequent filings provide transaction values and completion dates.

Conclusion

Maithan Alloys has fixed September 28, 2026 for its 41st AGM, to be held online at 11:30 am, and has backed the schedule with public notices published on September 3. The meeting is set against the backdrop of Q1 FY27 results showing ₹395.72 crore net profit and ₹539.53 crore revenue, both lower year-on-year, and restated due to the Impex Metal & Ferro Alloys merger effective June 30, 2026. Shareholders will also vote on matters linked to dividend distribution, including the final dividend of ₹6 per share that is subject to AGM approval, and proposals tied to management redesignation effective October 1, 2026.