Maithan Alloys Incorporates Subsidiary M&M Water Solutions

Maithan Alloys Ltd has incorporated a new subsidiary, "M&M Water Solutions Private Limited," on October 17, 2026. This subsidiary will focus on Engineering, Procurement, and Construction (EPC) for Water Treatment Plants, Sewage Treatment Plants (STP), and Waste Water Recycling Projects. Maithan Alloys has subscribed to 40,00,000 equity shares, representing 80% of the subsidiary's paid-up capital, amounting to ₹4 Crore. The subsidiary has an authorized, issued, subscribed, and paid-up capital of ₹5 Crore. This move diversifies Maithan Alloys' business into the water management sector.