Maharaja & Speedex India Ltd

Maharaja & Speedex India Ltd has announced an addition of 9 lakh units to its annual manufacturing capacity, bringing the total to 72 lakh units per year. This expansion, funded by internal accruals, is expected to increase the monthly revenue run-rate to approximately ₹16 Crore. The new machinery removes production bottlenecks at its Sonipat units, operated by its subsidiary Dewdrop Bottles Private Limited, allowing existing lines to operate at full potential and moving towards greater automation. This capacity enhancement aims to meet growing demand from its own brands and OEM partners. Separately, a 31 lakh-unit expansion funded by IPO proceeds is on track for Q4 FY27. The company's CEO, Mr. Akash Aggarwal, stated that the added capacity strengthens their base for growth as a larger, more organized player in the stainless-steel drinkware market.

Maharaja & Speedex India Ltd has announced a Board of Directors meeting scheduled for November 12, 2026. The primary agenda items include the consideration and approval of the standalone and consolidated unaudited financial results for the half-year ended September 30, 2026. Additionally, the board will discuss the appointment of an internal auditor and a secretarial auditor. The company has also informed that the trading window will be closed from October 1, 2026, until 48 hours after the declaration of financial results, in compliance with SEBI regulations.

Maharaja & Speedex India Ltd has invested ₹646.80 Lakhs (₹6.47 Crore) in its wholly owned subsidiary, Dewdrop Bottles Private Limited, by subscribing to 1,47,000 equity shares through a rights issue. This investment aligns with the company's IPO objectives and will be used by the subsidiary for capital expenditure, including plant and machinery, and for repaying an existing loan from ICICI Bank. The infusion aims to expand manufacturing capabilities and reduce the subsidiary's debt. Dewdrop Bottles Private Limited reported a turnover of ₹8,897.82 Lakhs for the financial year ended March 31, 2026, and is engaged in manufacturing household and kitchen products.

Maharaja & Speedex India Ltd has invested ₹19.80 crore (₹1980 Lakhs) in its wholly owned subsidiary, Dewdrop Bottles Private Limited, by subscribing to 4,50,000 equity shares through a Rights Issue. This investment is in line with the company's IPO objectives and will be utilized by the subsidiary for capital expenditure, including the purchase of plant and machinery for its existing manufacturing facility. The funds aim to support the subsidiary's planned expansion and strengthen its manufacturing capabilities. Dewdrop Bottles Private Limited, engaged in manufacturing household and kitchen products, reported a turnover of ₹8,897.82 Lakhs for the financial year ended March 31, 2026. The transaction is considered a related party transaction but has been conducted on an arm's length basis.

Maharaja & Speedex India Ltd has announced the closure of its trading window for Directors, Officers, Designated Employees, and their immediate relatives. This closure is in anticipation of the declaration of Unaudited Standalone & Consolidated Financial Results for the half-year ended September 30, 2026. The trading window will remain shut from October 1, 2026, until 48 hours after the official announcement of the financial results. The exact date for the declaration of these results will be communicated in due course.

Maharaja & Speedex India Ltd has invested ₹19.80 crore in its wholly owned subsidiary, Dewdrop Bottles Private Limited, by subscribing to 4,50,000 equity shares through a rights issue. This investment aligns with the company's IPO objectives and will be utilized by the subsidiary for capital expenditure, specifically for purchasing plant and machinery to enhance its manufacturing capabilities and support planned expansion. Dewdrop Bottles Private Limited, engaged in manufacturing household and kitchen products, reported a turnover of ₹8,897.82 Lakhs for the financial year ended March 31, 2026. The transaction is considered a related party transaction but has been conducted on an arm's length basis.