Incorporation of a Subsidiary of the Company

maithan alloys ltd ISO 9O0l : 20l6COIIPAi{Y Registered Office : ldeal Cenke, 4th Floor 9, A.J.C. Bose Road, Kolkata -700 017 T (033) 4063 2393 ';Iffiffi1[[il3]ii3il CIN : 127101W81985P1C039503 77& October,2026 The Secretary Listing DePattment The Calcutta Stock Exchange Limited National Stock Exchange of India Ltd. 7, Lyons Range Exchange Plaza, Bandra-Kurla Complex, Kolkata 700 Bandra (E), Mumbai - 400 051 Scrip code: 10023915 Scrip code: MAITHANALL Sub: Incorporation of a Subsidiary Company Dear Sir/Madam, We would like to inform you that "M&M Water Solutions Private Limited" has been incorporated as a subsidiary of the Company having its main objects being Engineering, Procurement and Construction (EPC) for Water Treatrnent Plant, Sewage Treatment Plant (STP), Waste Water Recycling Projecl. The Ministry of Corporate Affairs, Government of India, has issued the Certificate of Incorporation today, i.e. "17* October,2026. We are enclosing herewith the details required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR), 20151 read with schedule III of the said Regulations and sEBI Master Circular No. HO/49/1,4/1,4(42025-CFD-POD2 /1/3762/2026, as updated on 306 January, 2026 in respect of the incolporation of a subsidiary. The event has occurred on 17th Octobet,2026 at1:123 P.M. This is for your information and records. Thanking you, Yours faithfully, For Maithan Alloys Limited Rajesh K. Shah Company Secretary cc: The Corporate Relationship Department BSE Limited Rotunda Building, P.J. Towers Dalal Street, Fort, Mumbai- 400 001 Scrip Code: 590078 l^/orks:Unit-l :P,O. Kalyaneshwari- 713 369. Dist. Paschim Bardhaman (West Bengal) Unit - lll : Plot No. 42 & 43, APSEZ, P,O. Atchutapuram, Oist. Visakhapatnam - 531 011 (Andhra Pradesh) Unit-lV;APllCGrowthCentre,Bobbili,Vizianagaram-535558(Andhrapradesh) maithan alloys ltd ISO 9001 :2015COMPANY Registered Office: Ideal Centre,4th Floor 9. A.J.C. Bose Road, Kolkata - 700 017 T (033) 4063 2393 E offlce@malthanallcYs com W \aryvw maithana loYS com CIN : 1271 01Wts1 985PlC0395C3 Name of the target entity M&M Water Solutions Private Limited Details in brief such as size, turnoyer etc. AS AT 17.10.2026 Tumover Nil PAT Nil Networth 5 Crore Whether the acquisition would fall within No Related Party Transaction(s)? Whether the promoter/ promoter group/ group No companies have any interest in the entity being acquired? Ifyes, Nature of interest and details thereof Not Applicable Whether the same is done at "arms length"? Yes Industry to which the entity being acquired Water Supply & Management belonss Objects and impact of acquisition (including but The subsidiary has been incorporated to undertake not limited to, disclosure ofreasons for acquisition activities relating to Engineering, Procurement, and of target entity, il its business is outside the main Construction (EPC) for Water Treatment Plants, Sewage line ofbusiness ofthe listed entity) Treatment Plants (STP), and Waste Water Recycling Proiects. Briefdetails ofany govemmental or regulatory No approvals required lor the acquisition Indicative time period for completion of the M&M Water Solutions Private Limited has already been acquisition incorporated as a subsidiary ofthe Company. of - Nature consideration whether cash Cash Consideration consideration or share swap or any other form and details ofthe same Cost of acquisition or the price at which the The Company including its nominees has subscribed to shares are acquired (Total value) ( Rs in Crore) 40,00,000 equity shares of Rs 10/- each of M&M Water Solutions Private Limited assresatine to Rs. 4 Crore. Percentage of shareholding / control acquired 80% ofthe shareholding (i.e. 40,00,000 equity shares) has and / or number of shares acquired; been subscribed bv the Comoanv and its nominees. Brief background about the entity acquired in M&M Water Solutions Private Limited is a newly terms of products/line of business acquired incorporated company and is yet to commence its business operations. Date of incorporation October 17,2026 History of last 3 years turnover Financial Year 1tt Previous year tumover Not Applicable 2nd Previous year turnover Not Applicable 3td Previous year tumover Not Applicable Country in which the acquired entity has India presence Any other significant information (in brief) M&M Water Solutions Private Limited is incorporated with Authorised, Issued, Subscribed and Paid-up Capital ofRs. 5 Crore [i.e.50 Lakh equity shares ofRs 101 each.l - 713 Unit-lll : Plot N0.42 & 43, APSEZ, P.O. Atchutapuram, Dlst. Visakhapatnam - 53'1 011(Andhra Pradesh) Unit - lV :APllC Growlh Cenke, Bobblli, Vizianagaram -535 558 (Andhra Pradesh)