Maiden Forgings Ltd

Maiden Forgings Ltd has submitted its Annual Report for the financial year 2025-26, along with the Notice for its 21st Annual General Meeting, as per SEBI Listing Regulations. The report, detailing corporate information, CMD's message, director's report, financial statements, and auditor's report, is available on the company's website. The CMD's message highlights encouraging growth in FY25-26, driven by investments in state-of-the-art facilities and strengthening capabilities, particularly in the B2G and defence sectors, positioning the company for accelerated future growth.

Maiden Forgings Ltd has announced its 21st Annual General Meeting (AGM) for the financial year 2025-26. The meeting is scheduled to be held on Monday, September 28, 2026, at 03:30 P.M. (IST) via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The AGM will cover ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of a director retiring by rotation. Special business includes ratifying the remuneration of the Cost Auditor for the Financial Year 2026-2027, with M/s Vivek Agarwal & Co. proposed to be appointed at a fee of ₹75,000 plus applicable taxes and expenses. The notice of AGM has been sent electronically to shareholders and is also available on the company's website.

Maiden Forgings Ltd has announced the appointment of M/s Vivek Agrawal & Co as the Cost Auditor for the financial year 2026-2027. The decision was approved by the Board of Directors at their meeting held on September 1, 2026. The firm, with over 10 years of experience in cost accounting, will conduct audits in accordance with Section 148 of the Companies Act, 2013. This appointment is for a term of one year. The company will also upload this information on its website.

Maiden Forgings Ltd. announced the appointment of CS Mohit Singhal, of M/s Mohit Singhal & Associates, as the Secretarial Auditor for the financial year 2026-2027. The Board of Directors approved this appointment at their meeting held on September 1, 2026, following the recommendation of the Audit Committee. CS Mohit Singhal is a Fellow Member of the Institute of Company Secretaries of India (ICSI) with over 10 years of experience in corporate laws, governance, and compliance matters. His firm provides comprehensive corporate advisory and compliance solutions, including secretarial audit, corporate governance, certifications, due diligence, and M&A advisory.

Maiden Forgings Ltd announced the appointment of M/s M Lal & Co as the Internal Auditor for the financial year 2026-2027. The decision was approved by the Board of Directors at their meeting held on September 1, 2026. M/s M Lal & Co, with FRN No. 016069C, is a Chartered Accountant firm based in Ghaziabad. The appointment is for a term of one year. This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will also upload this information on its website.

Maiden Forgings Ltd announced that its Board of Directors, in a meeting held on September 01, 2026, approved the appointment of M/s Mohit Singhal & Associates as secretarial auditor, M/s M Lal & Co as internal auditor, and M/s Vivek Agrawal & Co. as cost auditor for the financial year 2026-2027. The board also appointed M/s Mohit Singhal & Associates as scrutinizer for the upcoming 21st AGM's e-voting. Additionally, the company fixed the date, time, and place for the 21st AGM and approved the draft notice along with the annual report for FY 2025-26. The re-appointment of Ms. Nivedita Garg as Whole Time Director was also considered and recommended.

Maiden Forgings Ltd officials participated in a virtual investor and analyst meeting on August 20th, 2026. The meeting involved interactions with representatives from various investment firms including Plus91 PMS, 3 Head Capital, Torro Wealth Management, and others. The company clarified that no presentation was made and no Unpublished Price Sensitive Information (UPSI) was shared during these Q&A sessions.

Maiden Forgings Ltd has announced the sale of its vacant land parcel located at C-10, Bulandshahr Road Industrial Area, Ghaziabad, for a total consideration of ₹12.90 Crore. The proceeds from this sale are earmarked for the expansion and development of the company's new unit at Murad Nagar, aligning with its growth and capacity expansion strategies. This divestment follows the commencement of operations at the company's new facility in Bhojpur, Ghaziabad. Maiden Forgings Limited will continue to update the stock exchange on any material developments.

Maiden Forgings Ltd announced the participation of its officials in an analyst/investor meeting held virtually on July 28, 2026. The meeting involved discussions with various investors including Balkrishna Family Office, PinPoint X Capital, and Wealth With Wisdom. The company clarified that no presentation was made and no Unpublished Price Sensitive Information (UPSI) was shared during the interactions, which were conducted in a Q&A format.

Maiden Forgings Limited has commenced operations at its new manufacturing facility in Bhojpur, marking the completion of Phase I of its Unit II consolidation. The new facility is technologically upgraded and larger, aiming for significant cost savings of at least ₹25,00,000 monthly. This expansion is expected to enhance operational efficiency, strengthen its B2G presence, particularly in the defence sector, and improve its balance sheet. The company also anticipates margin expansion from new product lines and has dedicated space for future growth and innovation. The company's FY26 financials showed revenue of ₹233.96 Cr, with EBITDA at ₹17.22 Cr and Net Profit at ₹5.02 Cr.