Maithan Alloys Incorporates M&M Water Solutions for Water Treatment EPC
- Mergers & acquisitions
- Ferro Alloys
Maithan Alloys Limited has told the exchanges that M&M Water Solutions Private Limited was incorporated as its subsidiary, with the Ministry of Corporate Affairs issuing the certificate of incorporation on 17 Oct 2026. The new company is to carry on engineering, procurement and construction work for water treatment plants, sewage treatment plants and waste water recycling projects, in the water supply and management industry.
The company and its nominees have subscribed to 40,00,000 equity shares of ₹10 each, for ₹4 crore in cash, which is 80% of the shareholding. The subsidiary has an authorised, issued, subscribed and paid-up capital of ₹5 crore, or 50 lakh shares, and has not started business. The company says the transaction is at arm's length.
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