About Maiden Forgings Limited
Data last updated: 14 July 2026
Maiden Forgings Limited is a public limited company based in Delhi, Delhi, India. It specialises in metalworking, a part of the broader metals and mining sector. Incorporated on 11 February 2005, the company has been in operation for over 21 years.
Registered with ROC Delhi under CIN U29810DL2005PLC132913. Listed.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.21 Cr. It is led by directors including Nishant Garg and Urvi Agarwal.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: B – 5 Arihant Tower Block D Market Vivek Vihar, Delhi, Delhi, India – 110092.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹231.61 Cr, a growth of 8.79% compared to the previous year. Total assets are valued at ₹180.71 Cr (up 10.03% YoY).
The company has a workforce of approximately 31 employees as per the latest available data.
The company is associated with 1 brand - Maiden Forgings. As per MCA filings, the company has open charges of ₹76 Cr and satisfied charges of ₹206.19 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maidenforgings.in.
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Registered AddressB – 5 Arihant Tower Block D Market Vivek Vihar, Delhi, Delhi, India – 110092
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IndustryMetal & Minerals, Metalworking
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Maiden Forgings Limited
Maiden Forgings Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29810DL2005PLC132913, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29810DL2005PLC132913 | Current |
| U29810DL2005PTC132913 | Previous |
| U29810DL2005PLC132913 | Previous |
Associated Brands with Maiden Forgings Limited
Maiden Forgings Limited operates one associated brand: Maiden Forgings. These brands represent Maiden Forgings Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of steel bright bars, wires, and forgings | maidenforgings.in |
Business Activity of Maiden Forgings Limited
Maiden Forgings Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details for Maiden Forgings Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Maiden Forgings Limited
Maiden Forgings Limited is audited by H. G. & Co (ICAI peer reviewed, certificate valid till 2029-05-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| H. G. & Co (ICAI peer reviewed, certificate valid till 2029-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Maiden Forgings Limited
Maiden Forgings Limited is currently managed by 5 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nishant Garg | Managing Director | 28 Nov 2022 | 3 Years 8 Months | Current |
| Urvi Agarwal | Director | 06 Jan 2023 | 3 Years 6 Months | Current |
| Nivedita Garg | Whole-Time Director | 28 Nov 2022 | 3 Years 8 Months | Current |
|
Abhilash Rastogi
Also directs:
Maiden Forgings Limited
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Director | 06 Jan 2023 | 3 Years 6 Months | Current |
|
Raj Kumar Mittal
Also directs:
Maiden Forgings Limited
|
Director | 06 Jan 2023 | 3 Years 6 Months | Current |
Financials of Maiden Forgings Limited FY 2026 filings available
Maiden Forgings Limited reported revenue of ₹231.61 Cr (up 8.79% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Revenue from Operations | ₹231.61 Cr | ₹212.91 Cr | ₹236.1 Cr | ₹220.82 Cr |
| Other Income | ₹2.35 Cr | ₹65.98 Lakh | ₹1.21 Cr | ₹33.48 Lakh |
| Total Income | ₹233.96 Cr | ₹213.57 Cr | ₹237.31 Cr | ₹221.15 Cr |
| Cost of Materials Consumed | ₹200.9 Cr | ₹177.17 Cr | ₹201.48 Cr | ₹177.96 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹1.46 Cr | ₹3.72 Cr | -₹1.83 Cr | ₹7.2 Cr |
| Employee Benefit Expense | ₹3.09 Cr | ₹2.95 Cr | ₹2.99 Cr | ₹3.13 Cr |
| Finance Costs | ₹6.78 Cr | ₹7.32 Cr | ₹5.91 Cr | ₹5.48 Cr |
| Depreciation & Amortisation | - | - | ₹4.45 Cr | ₹3.52 Cr |
| Other Expenses | ₹11.3 Cr | ₹9.83 Cr | ₹10.6 Cr | ₹10.55 Cr |
| Total Expenses | ₹227.02 Cr | ₹205.03 Cr | ₹223.6 Cr | ₹207.85 Cr |
| Profit Before Exceptional Items & Tax | - | - | ₹13.71 Cr | ₹13.31 Cr |
| Exceptional Items | - | - | ₹0 | ₹0 |
| Profit Before Tax | ₹6.94 Cr | ₹8.54 Cr | ₹13.71 Cr | ₹13.31 Cr |
| Total Tax Expense | ₹1.92 Cr | ₹2.49 Cr | ₹3.99 Cr | ₹3.7 Cr |
| Net Profit | ₹5.02 Cr | ₹6.05 Cr | ₹9.72 Cr | ₹9.61 Cr |
| Other Comprehensive Income | - | - | ₹0 | ₹0 |
| Total Comprehensive Income | - | - | ₹9.72 Cr | ₹9.61 Cr |
| EBITDA (computed) | - | - | ₹24.07 Cr | ₹22.31 Cr |
| Basic EPS | - | - | ₹6.84 | ₹9.21 |
| Diluted EPS | - | - | ₹6.84 | ₹9.21 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹180.71 Cr | ₹164.24 Cr | ₹148.61 Cr | ₹126.81 Cr |
| Non-current Assets | ₹42.3 Cr | ₹41.86 Cr | ₹36.6 Cr | ₹34.48 Cr |
| Current Assets | ₹138.42 Cr | ₹122.38 Cr | ₹112.01 Cr | ₹92.33 Cr |
| Property, Plant & Equipment | ₹37.88 Cr | ₹37.41 Cr | ₹29.38 Cr | ₹29.21 Cr |
| Inventories | ₹83.12 Cr | ₹75.8 Cr | ₹67.68 Cr | ₹50.38 Cr |
| Trade Receivables | - | - | ₹22.26 Cr | ₹24.99 Cr |
| Cash & Equivalents | ₹11.44 Lakh | ₹10.16 Lakh | ₹2.48 Cr | ₹3.19 Cr |
| Equity (Net Worth) | - | - | ₹70.97 Cr | ₹40.72 Cr |
| Equity Share Capital | - | - | ₹14.21 Cr | ₹10.43 Cr |
| Borrowings (Non-current) | - | - | ₹15.22 Cr | ₹17.18 Cr |
| Borrowings (Current) | - | - | ₹47.45 Cr | ₹50.36 Cr |
| Total Debt (computed) | - | - | ₹62.67 Cr | ₹67.54 Cr |
| Current Liabilities | ₹81.91 Cr | ₹67.24 Cr | ₹61.79 Cr | ₹68.34 Cr |
| Total Liabilities | - | - | ₹77.65 Cr | ₹86.09 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Operating Cash Flow | ₹6.22 Cr | ₹4.52 Cr | -₹11.99 Cr | ₹11.49 Cr |
| Investing Cash Flow | -₹3.91 Cr | -₹9.03 Cr | -₹7.29 Cr | -₹9.21 Cr |
| Financing Cash Flow | -₹2.8 Cr | ₹4.69 Cr | ₹18.57 Cr | -₹2.09 Cr |
| Capital Expenditure | ₹0 | ₹9.27 Cr | ₹4.62 Cr | ₹8.24 Cr |
| Free Cash Flow (computed) | ₹6.22 Cr | -₹4.75 Cr | -₹16.61 Cr | ₹3.26 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹49.42 Lakh | ₹17.39 Lakh | -₹70.64 Lakh | ₹18.32 Lakh |
Shareholding Pattern of Maiden Forgings Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 71.97%, domestic institutional investors hold 0.15%, retail and other public shareholders hold 27.88% of Maiden Forgings Limited. The company had 1,071 shareholders on record.
| Mar 2026 | Sep 2025 | Mar 2025 | Sep 2024 | Mar 2024 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Promoters | 71.97% | 71.97% | 73.37% | 73.37% | 73.37% | 73.37% |
| Public | 28.03% | 28.03% | 26.63% | 26.63% | 26.63% | 26.63% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 71.97% | 73.37% | 73.37% |
| Public | 28.03% | 26.63% | 26.63% |
| Promoter change (YoY, %pts) | -1.40 | +0.00 | - |
Charges & Borrowings of Maiden Forgings Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jun 2026 | Others | ₹5 Cr | Open |
| 26 May 2026 | Sidbi | ₹1 Cr | Open |
| 30 May 2025 | Others | ₹5 Cr | Open |
| 26 Sep 2024 | Others | ₹28.36 Cr | Open |
| 25 Apr 2024 | Axis Bank Limited | ₹31.59 Cr | Open |
Total charge records: 34 View all charges
Employees and EPFO Compliance at Maiden Forgings Limited
Maiden Forgings Limited has a workforce of 31 employees as of Apr 08, 2024.
Employee and EPFO history for Maiden Forgings Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
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- ECR filing status
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GST Compliance of Maiden Forgings Limited
GST registrations and filing compliance for Maiden Forgings Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Maiden Forgings Limited
Credit ratings, litigation, and regulatory alerts for Maiden Forgings Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Maiden Forgings Limited
MSME payment history for Maiden Forgings Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Maiden Forgings Limited
Corporate group structure for Maiden Forgings Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
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MCA Filings & Documents of Maiden Forgings Limited
MCA filings and documents for Maiden Forgings Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Maiden Forgings Limited
Recent News on Maiden Forgings Limited
Frequently Asked Questions about Maiden Forgings Limited
Maiden Forgings Limited is an active public limited company in the metal and minerals sector based in Delhi, Delhi, India. It was incorporated on 11 February 2005 (21+ years old) and is registered under CIN L29810DL2005PLC132913. The company has 31 employees.
Maiden Forgings Limited reported revenue of ₹231.61 Cr for FY 2026 (up 8.79% YoY) based on standalone BSE filings.
The current directors of Maiden Forgings Limited are:
- Nishant Garg - Managing Director
- Urvi Agarwal - Director
- Nivedita Garg - Whole-Time Director
- Abhilash Rastogi - Director
- Raj Kumar Mittal - Director
The primary industry of Maiden Forgings Limited is metal and minerals. The company specifically operates in metalworking. The company is currently active in this sector.
Yes, Maiden Forgings Limited is a listed company.
Maiden Forgings Limited can be reached at the registered office: B – 5 Arihant Tower Block D Market Vivek Vihar, Delhi, Delhi, India – 110092, or through the website maidenforgings.in.