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An update from Mahamaya Steel Industries Ltd. ( (IN:MAHASTEEL) ) is now available.
Mahamaya Steel Industries Ltd. announced the reappointment of Mr. Rajesh Agrawal as Managing Director for a five-year term starting October 2025, subject to shareholder approval. The board also approved several financial and operational measures, including increasing borrowing limits, authorizing investments and loans, and approving material related party transactions, all contingent on shareholder approval at the upcoming Annual General Meeting. These decisions are poised to enhance the company’s financial flexibility and operational capabilities, potentially impacting its market positioning and stakeholder interests.
More about Mahamaya Steel Industries Ltd.
Mahamaya Steel Industries Ltd. operates in the steel manufacturing industry, producing a variety of steel products including joists, channels, angles, flats, rounds, crossing sleeper bars, blooms, and billets. The company serves as an approved supplier to major entities such as BSP, BHEL, DGS&D, DMRC, RIL, NTPC, SEBs, RDSO, CORE, ONGC, GAIL, and EIL.
Average Trading Volume: 748
Technical Sentiment Signal: Buy
Current Market Cap: 5.45B INR
For an in-depth examination of MAHASTEEL stock, go to TipRanks’ Overview page.