Business Update Neutral

2026-08-24 14:34

- Maharashtra Seamless Limited filed its Business Responsibility and Sustainability Report for the financial year 2025-26. - The report details the company's Environmental, Social, and Governance (ESG) policies, initiatives, and performance on a standalone basis. - No fines, penalties, or disciplinary actions related to corruption or conflict of interest were reported for the period.

Business Update Neutral

2026-08-12 10:10

- Maharashtra Seamless Limited has submitted the transcript of its earnings conference call held on August 08, 2026, pertaining to Q1 FY27 results. The transcript is available via a provided link.

Business Update Neutral

2026-08-08 19:19

- Maharashtra Seamless Limited has submitted the audio recording of the Q1 FY27 earnings conference call held on August 08, 2026. - The recording is accessible via the provided link.

Financials Positive

2026-08-07 17:28

- Total Revenue ₹1266 Cr vs ₹1303 Cr (▼2.84% YoY) - EBITDA ₹184 Cr vs ₹169 Cr (▲8.88% YoY) - PAT ₹271 Cr vs ₹234 Cr (▲15.81% YoY) - EBITDA Margin 17% vs 15% (▲200bps)

Financials Positive

2026-08-07 17:17

- Consolidated Total Revenue ₹1,265.62 Cr vs ₹1,305.03 Cr (▼3.02% YoY) - EBITDA ₹179.15 Cr vs ₹165.33 Cr (▲8.36% YoY) - PAT ₹266.40 Cr vs ₹230.30 Cr (▲15.68% YoY) - EBITDA Margin 14.15% vs 12.67% (▲148bps) - Appointment of Mr. Shiv Kumar Singhal as Whole-time Director for 3 years, effective August 7, 2026. - Appointment of Dr. Raj Kamal Agarwal as Independent Director for 5 years, effective August 7, 2026. - The 38th Annual General Meeting (AGM) is scheduled for Tuesday, September 15, 2026.

Governance Positive

2026-08-07 17:11

- The 38th Annual General Meeting (AGM) will be held on Tuesday, September 15, 2026, at 11:30 A.M. via Video Conferencing. - The Record Date for determining members eligible for dividend for FY 2025-26 has been fixed as Tuesday, September 1, 2026. - The dividend, if declared at the AGM, will be paid on or after September 17, 2026.

Financials Positive

2026-08-07 17:09

- Consolidated Revenue from Operations ₹1,091.20 Cr vs ₹1,145.27 Cr (▼4.72% YoY) - Consolidated EBITDA ₹357.29 Cr vs ₹328.28 Cr (▲8.83% YoY) - Consolidated PAT ₹266.40 Cr vs ₹230.30 Cr (▲15.67% YoY) - Consolidated EBITDA Margin 32.74% vs 28.66% (▲408bps) - Board appointed Mr. Shiv Kumar Singhal as Whole-time Director and Dr. Raj Kamal Agarwal as Independent Director. - The 38th Annual General Meeting will be held on Tuesday, 15th September, 2026.

Financials Positive

2026-08-07 16:59

- Consolidated Revenue ₹1,265.62 Cr vs ₹1,305.03 Cr (▼3.02% YoY) - EBITDA ₹357.29 Cr vs ₹328.28 Cr (▲8.83% YoY) - PAT ₹266.40 Cr vs ₹230.30 Cr (▲15.67% YoY) - EBITDA Margin 28.23% vs 25.15% (▲308bps) - Board approved the appointment of Mr. Shiv Kumar Singhal as Whole-time Director for 3 years. - Board approved the appointment of Dr. Raj Kamal Agarwal as Independent Director for 5 years. - The 38th Annual General Meeting will be convened on Tuesday, 15th September, 2026.

Business Update Neutral

2026-08-05 17:27

- Concall Schedule - Concall Date: 08 August 2026 - Concall Time: 11:00 AM IST

Governance Negative

2026-08-03 19:13

CRITICAL RED FLAG DETECTED

- The company intimates the sudden demise of Mr. Ashok Bhandari, an Independent Director (DIN: 00012210), on August 3, 2026. This results in his cessation as a Director on the Board and all committees.

Governance Neutral

2026-07-29 15:28

- Board meeting on August 7, 2026, to consider and approve un-audited financial results for the quarter ended June 30, 2026. - Trading window will remain closed till August 9, 2026.

Governance Negative

2026-07-03 11:20

CRITICAL RED FLAG DETECTED

- Mr. Arup Mandal has resigned from the position of Chief Financial Officer (CFO) of Maharashtra Seamless Limited. - The resignation is effective from the closure of business hours on July 2, 2026, due to personal reasons.

Ownership Positive

2026-07-01 16:44

- Promoter group entity, Odd & Even Trades & Finance Limited, acquired 1.28% shares of Maharashtra Seamless Limited through open market purchases. - The acquisition, dated between March 30, 2026, and June 30, 2026, increased their total holding from 18.16% to 19.44%.

Governance Negative

2026-06-30 18:43

CRITICAL RED FLAG DETECTED

- Mr. Pithelis Raj Santhanamarian has resigned from the post of Whole-time Director of Maharashtra Seamless Limited, effective June 30, 2026. - He will continue to serve as a Non-executive Director of the Company. - The resignation is due to personal reasons on account of other pre-occupations.

Governance Neutral

2026-06-25 13:50

- Maharashtra Seamless Limited announced the results of its Postal Ballot, conducted for a special resolution to shift the registered office from the State of Maharashtra to the State of Haryana. - The resolution was approved by the members with requisite majority, effective from June 24, 2026. - 99.99% of the total votes polled were in favor of the resolution.

Routine Neutral

2026-06-24 15:29

- Trading Window for Designated Persons will close from July 1, 2026. - It will reopen 48 hours after Q1 FY27 financial results declaration. - Board meeting date for Q1 FY27 results will be intimated in due course.

Governance Neutral

2026-06-15 17:19

- The Scheme of Arrangement, previously approved by the Board on May 22, 2026, is currently under further review. - It will be placed before a subsequent Board Meeting for approval and then submitted to the Stock Exchanges.

Governance Neutral

2026-05-27 19:29

Maharashtra Seamless Limited has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, in compliance with Regulation 24A of SEBI (LODR) Regulations, 2015. The report certifies that the company has complied with all applicable SEBI Regulations and guidelines. No observations were made in previous secretarial compliance reports, and no actions were taken by SEBI or Stock Exchanges against the company or its promoters/directors/subsidiaries during the review period. No additional non-compliances were observed.

Governance Positive

2026-05-25 15:17

Maharashtra Seamless Limited is seeking shareholder approval via postal ballot to shift its registered office from the State of Maharashtra to the State of Haryana. E-voting for this special resolution will commence on May 26, 2026, and conclude on June 24, 2026. The company states the move is for better control, co-ordination, and reduction in costs, as the majority of its directors are based in the Gurugram/NCR region.

Financials Negative

2026-05-22 19:23

Standalone Operating Revenue ₹1,279.91 Cr vs ₹1,415.83 Cr (▼9.60% YoY), EBITDA ₹238.83 Cr vs ₹285.05 Cr (▼16.21% YoY), PAT ₹107.53 Cr vs ₹242.53 Cr (▼55.66% YoY). EBITDA Margin 18.66% vs 20.13% (▼147 bps). The Board also recommended a dividend of INR 10.00 (200%) per equity share for the financial year 2025-26.

Financials Negative

2026-05-22 19:19

Standalone Revenue ₹1,279.91 Cr vs ₹1,415.83 Cr (▼9.60% YoY), EBITDA ₹235.79 Cr vs ₹285.05 Cr (▼17.28% YoY), PAT ₹107.53 Cr vs ₹242.53 Cr (▼55.66% YoY). EBITDA Margin 18.42% vs 20.13% (▼171bps). The Board also recommended a dividend of INR 10.00 (200%) per equity share for FY26.

Business Update Positive

2026-05-22 19:19

Maharashtra Seamless Limited's Board approved a scheme of arrangement for the demerger of two undertakings (seamless pipe manufacturing, solar, rig operations) into MSL Seamless Tubes Limited and United Seamless Limited, effective October 1, 2026. The demerged undertakings had operational turnovers of ₹793 Cr and ₹693 Cr in FY25-26, out of a total ₹4671 Cr. The scheme aims for focused business operations, improved strategic alignment, and enhanced long-term stakeholder value. Shareholders will receive 1 equity share of INR 5 in each resulting company for every 5 shares held in the demerged company.

Financials Negative

2026-05-22 19:11

Maharashtra Seamless Limited reported standalone financial results for Q4 FY26. Revenue from operations was ₹1,279.91 Cr vs ₹1,415.83 Cr (▼9.6% YoY), EBITDA ₹235.79 Cr vs ₹285.05 Cr (▼17.3% YoY), and PAT ₹107.53 Cr vs ₹242.53 Cr (▼55.7% YoY). EBITDA Margin contracted by 171bps to 18.4%. The Board also recommended a dividend of INR 10.00 (200%) per equity share for the financial year 2025-26 and approved the shifting of the Registered Office from Maharashtra to Haryana.

Financials Negative

2026-05-22 19:08

CRITICAL RED FLAG DETECTED

Consolidated Revenue ₹1,280.11 Cr vs ₹1,417.77 Cr (▼10% YoY), EBITDA ₹237.73 Cr vs ₹285.16 Cr (▼17% YoY), PAT ₹102.84 Cr vs ₹242.26 Cr (▼58% YoY). EBITDA Margin 18.57% vs 20.11% (▼154bps).

500265

Maharashtra Seamless Ltd

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