NSEUpdates10 Sept 2026 · 10 Sept 2026, 01:36 pm
Updates
Maithan Alloys Limited · MAITHANALL
✦ AI SummaryPromoter Reclassif.
Maithan Alloys Limited has received a decision from the National Stock Exchange (NSE) regarding its application for re-classification of certain promoters/promoter groups from 'Promoter & Promoter Group' category to 'Public' category under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The NSE has returned the application due to unaddressed queries/clarifications despite multiple follow-ups.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Maithan Alloys Limited has informed the Exchange regarding Intimation of decision of the National Stock Exchange of India Limited (NSE) on application for re-classification under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Attachments (1)
📄pdf
Download →
MAITHANALL_10092026133506_NSEletterForSE.pdf
View document text
Krnn
alloys ltd
ISO 9t0l : 2008 COMPANY
Registered Office : ldeal Centre,4th Floor
9, A J.C. Bose Road, Kolkata - 700 017
T (033) 4063 2393
E office@maithanalloys.com
W www.maithanalloys.com
CIN : 1271 0'1W81985P1C039503
10h September, 2026
1l 2l
The Secretary Listing Department
The Calcutta Stock Exchange Limited National Stock Exchange of India Ltd.
7, Lyons Range Exchange Plaza, Bandra-Kur1a Complex,
Kolkata - 700 001 Bandra (E), Mumbai - 400 051
Scrip code: 10023915 Scrip code: MAITHANALL
Sub: Intimation of decision of the National Stock Exchange of India Limited (NSE) on application for
re-classification under Regulation 31A of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
This is further to our letter dated 4th February, 2026, intimating that an application was submitted to the
National Stock Exchange of India Limited (NSE) and The Calcutta Stock Exchange Limited (CSE) on 3'd
February, 2026, seeking thet respective approvals by way of No-Objection letters for the re-classification of
Mr. Prahlad Rai Agarwalla, Mrs. Sarita Devi Agarwalla, Mr. Avinash Agarwalla, and M/s. Prahlad Rai
Agarwalla HUF from "Promoter & Promoter Group" category to "Public" category shareholders of the
Company pursuant to Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("the Listing Regulations").
In this regard, we would like to inJorm you that NSE, vide its letter dated 9th September, 2026, has intimated
its decision on the said re-classification application.
We are enclosing a copy of the said letter dated 9m September, 2026, as received from the NSE.
This information is submitted pursuant to Regulation 31,{(8) of the Listing Regulations.
The event occurred on 9th SeptembeT ,2026, at 6:-17 P.M. (beirg the date of receipt of the letter from NSE).
You are requested to kindly take ihe same on record.
Thanking you,
Yours faithfully,
For Maithan Alloys Limited
Raiesh K. Shah
Company Secretary
Encl: a/ a
cc: The Corporate Relationship Department
BSE Limited
Rotunda Building, P.J. Towers
Dalal Sheet, Fort, Mumbai 400 001
Scrip Code: 590078
Works : Unit - : PO. Kalyaneshwari - 713 369. Dist. Paschim Bardhaman (West Bengal)
Unit-lll : Plot No. 42 & 43, APSEZ, PO. Atchutapuram, Dist. Visakhapatnam - 531 011 (Andhra Pradesh)
Unit - IV : APIIC Growth Centre, Bobbili, Vizianagaram - 535 558 (Andhra Pradesh)
Ref:NSE/LIST/MAITHANALL/564/2026-2027 Date: September09, 2026
The Company Secretary
Maithan Alloys Limited
4th Floor, 9, A.J.C. Bose Road, Kolkata 700017
Subject: Application for Reclassification of Promoter(s)/Promoter Group(s) to Public Category under
Regulation 31A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015,
Dear Sir/Madam,
This isin reference to your applicationdated February03, 2026, seekingno-objection from the National Stock
Exchange for reclassification of promoter /promoter group (list enclosed below) to public category under
Regulation 31A of SEBILODRRegulations.
Sr. No. Name of Outgoing Promoters/who is seeking for reclassification
1. Prahlad Rai Agarwalla
2. Sarita Devi Agarwalla
3. Avinash Agarwalla
4. Prahlad Rai Agarwalla HUF
In response to the application submitted under Regulation 31A of the SEBI LODR, it was observed that
queries/clarifications raised by the Exchange have remained unaddressed despite multiple follow ups.
Accordingly, the application of the promoters/promoter groupsfor seeking reclassification cannot be considered
under Regulation 31A of the SEBI LODR Regulations and is being returned due to the prolonged non-response.
You may submit a fresh application along with complete set of requisite documentsand applicable fees, if you
wish to pursue the matter further.
Yours faithfully,
forNational Stock Exchange of India Limited
Ajit Mahadik
Senior Manager Listing Compliance
CC: National Securities Depository Limited Central Depository Services Limited
301, G-Block, Plot No. C-32, Naman Marathon Futurex, A-Wing,
Chambers, 3rd Floor, Bandra Kurla Complex, 25th floor, NM Joshi Marg,
Bandra East, Mumbai, Maharashtra, 400051 Lower Parel, Mumbai -400 073
Non-Confidential