500265

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.

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.

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.

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.

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.

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.

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).