Maithan Alloys Incorporates Wholly-Owned Subsidiary 'Maithan Capital Limited'
Maithan Alloys Limited has announced the incorporation of its wholly-owned subsidiary, "Maithan Capital Limited". This new entity has been established to carry out Non-Banking Financial activities, as...
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Why is Maithan Alloys Limited in the news today?
Maithan Alloys Limited (MAITHANALL) is in the news due to the incorporation of a new subsidiary for financial activities is a strategic move that can lead to future growth and diversification for the company.
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Maithan Alloys Incorporates Wholly-Owned Subsidiary 'Maithan Capital Limited'
December 18, 2025, 09:55 AM
Maithan Alloys Limited has announced the incorporation of its wholly-owned subsidiary, "Maithan Capital Limited". This new entity has been established to carry out Non-Banking Financial activities, as permitted by the Reserve Bank of India (RBI).
The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on December 18, 2025. The company received this certificate on the same date at 11:47 AM.
The object of incorporating this new subsidiary is to expand into Non-Banking Financial activities. Maithan Capital Limited has been incorporated with an Authorised, Issued, Subscribed, and Paid-up Capital of ₹11 Crore, comprising 1,10,00,000 equity shares of ₹10 each. The company and its nominees have acquired 100% of the shareholding in this new entity. Maithan Capital Limited is a newly incorporated company and has yet to commence its business operations. The incorporation was done at arm's length, and there is no involvement of promoters, promoter group, or group companies in this entity.
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