Mahamaya Steel Industries Limited has announced the outcome of its Board Meeting held on January 19, 2026. The Board took note of a fine amounting to ₹1,53,400 (including GST) imposed by the National Stock Exchange of India Limited (NSE) for the non-submission of financial results for the half-year ended September 30, 2025, within the prescribed period.

The company clarified that the financial results were submitted to both BSE and NSE on November 13, 2025, the same day as the Board Meeting. The results were also published in newspapers and made available on the company's website. Mahamaya Steel indicated that the penalty might have been due to a technical issue with the NSE portal, as the results were correctly reflected on the BSE website. Despite the company's request to NSE not to impose the penalty, considering all other aspects, the request was not accepted.

The Board also acknowledged that the non-submission was not intentional and that the company has already paid the fine to NSE within the prescribed time. The Board meeting commenced at 2:45 PM and concluded at 3:15 PM.