Business Update Neutral

2026-08-12 10:09

- Transcript of the earnings conference call held on August 08, 2026, for Q1 FY27 results has been submitted. - The transcript is available via the provided link.

Business Update Neutral

2026-08-08 19:16

- Audio recording of the Q1 FY27 earnings conference call held on August 8, 2026, has been made available.

Financials Positive

2026-08-07 17:35

- Consolidated 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 17:23

- Consolidated Revenue ₹1,091.20 Cr vs ₹1,145.27 Cr (▼5% YoY) - EBITDA ₹357.29 Cr vs ₹328.28 Cr (▲9% YoY) - PAT ₹266.40 Cr vs ₹230.30 Cr (▲16% YoY) - EBITDA Margin 32.74% vs 28.66% (▲408bps) - The Board approved the appointment of Mr. Shiv Kumar Singhal as Whole-time Director for 3 years. - The Board approved the appointment of Dr. Raj Kamal Agarwal as Independent Director for 5 years. - The 38th Annual General Meeting (AGM) will be held on 15th September, 2026.

Financials Positive

2026-08-07 17:21

- Consolidated 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 (▲15.67% YoY) - EBITDA Margin 14.16% vs 12.67% (▲149bps) - Board approved appointments of Mr. Shiv Kumar Singhal as Whole-time Director and Dr. Raj Kamal Agarwal as Independent Director. - The 38th Annual General Meeting (AGM) will be held on September 15, 2026.

Governance Positive

2026-08-07 17:12

- 38th Annual General Meeting (AGM) will be held on September 15, 2026, at 11:30 AM via Video Conferencing (VC)/Other Audio Visual Means (OAVM). - The Record Date for determining members eligible to receive dividend for FY 2025-26 is September 1, 2026. - The dividend, if declared at the AGM, will be paid on or after September 17, 2026.

Financials Positive

2026-08-07 17:05

- Consolidated Revenue ₹1,091.20 Cr vs ₹1,145.27 Cr (▼4.7% YoY) - EBITDA ₹179.15 Cr vs ₹165.33 Cr (▲8.4% YoY) - PAT ₹266.40 Cr vs ₹230.30 Cr (▲15.7% YoY) - EBITDA Margin 16.4% vs 14.4% (▲200bps)

Business Update Neutral

2026-08-05 17:28

- Concall Schedule - Concall Date: 08 August 2026 - Concall Time: 11:00 A.M. IST

Governance Negative

2026-08-03 19:17

CRITICAL RED FLAG DETECTED

- Intimation of the sudden demise of Mr. Ashok Bhandari, an Independent Director of the company, on August 3, 2026. - He ceased to be a Director on the Board and all its committees from the aforesaid date.

Governance Negative

2026-07-03 11:23

CRITICAL RED FLAG DETECTED

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

Governance Negative

2026-07-03 11:20

CRITICAL RED FLAG DETECTED

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

Governance Negative

2026-06-30 17:11

CRITICAL RED FLAG DETECTED

- Mr. Pithelis Raj Santhanamarian 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.

Governance Positive

2026-06-25 13:56

- The Special Resolution for shifting the registered office from the State of Maharashtra to the State of Haryana, and consequential amendment in the Memorandum of Association, was approved by shareholders through Postal Ballot. - The resolution passed with a requisite majority effective from June 24, 2026, with 99.99% of total votes polled in favour.

Routine Neutral

2026-06-24 15:31

- Trading Window for designated persons closed from July 1, 2026. - It will reopen 48 hours after the declaration of financial results for the quarter ended June 30, 2026. - The date of the Board Meeting for these results will be intimated later.

Business Update Neutral

2026-06-15 17:16

- The previously approved Scheme of Arrangement by the Board of Directors is under further review. - The scheme will be placed before a subsequent Board Meeting for approval and submitted to Stock Exchanges thereafter.

Governance Positive

2026-05-25 15:22

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. The move is proposed for better control, co-ordination, and reduction in costs, as the majority of directors operate from Gurugram/NCR. E-voting will occur from May 26, 2026, to June 24, 2026, with results expected within two working days thereafter.

Financials Negative

2026-05-22 19:54

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) for the quarter ended March 31, 2026. EBITDA Margin 19.14% vs 19.58% (▼44bps). The Board recommended a dividend of INR 10.00 (200%) per equity share for FY 2025-26. Other key decisions include the proposed shifting of the Registered Office from Maharashtra to Haryana and the appointment of Cost Auditors for FY 2026-27.

Business Update Positive

2026-05-22 19:36

Maharashtra Seamless Limited's Board approved a scheme of arrangement to demerge its Demerged Undertaking 1 (seamless pipe manufacturing and a solar plant, ₹793 Cr turnover in FY25-26) into MSL Seamless Tubes Limited, and Demerged Undertaking 2 (seamless pipe manufacturing, solar plants, and a rig, ₹693 Cr turnover in FY25-26) into United Seamless Limited. The appointed date for the demerger is October 1, 2026. Shareholders of Maharashtra Seamless Limited will receive 1 equity share of each Resulting Company (MSTL and USL) for every 5 equity shares held in MSL. The demerger aims to achieve focused business operations, improved strategic alignment, efficient capital allocation, and enhanced long-term stakeholder value.

Financials Negative

2026-05-22 19:32

Standalone Revenue ₹1,279.91 Cr vs ₹1,415.83 Cr (▼9.6% YoY), EBITDA ₹235.79 Cr vs ₹285.05 Cr (▼17.3% YoY), PAT ₹107.53 Cr vs ₹242.53 Cr (▼55.7% YoY). EBITDA Margin 18.4% vs 20.1% (▼170bps).

Financials Negative

2026-05-22 19:28

Standalone Operating Revenue ₹1,279.91 Cr vs ₹1,415.83 Cr (▼9.6% YoY), EBITDA ₹238.83 Cr vs ₹285.05 Cr (▼16.2% YoY), PAT ₹107.53 Cr vs ₹242.53 Cr (▼55.7% YoY). EBITDA Margin 18.66% vs 20.13% (▼147bps). The Board also recommended a dividend of INR 10.00 (200%) per equity share for FY2025-26.

Financials Negative

2026-05-22 19:24

CRITICAL RED FLAG DETECTED

Consolidated Revenue ₹1,280.11Cr vs ₹1,417.77Cr (▼9.72% YoY), EBITDA ₹231.18Cr vs ₹284.79Cr (▼18.78% YoY), PAT ₹102.84Cr vs ₹242.26Cr (▼57.55% YoY). EBITDA Margin 18.06% vs 20.09% (▼203bps).

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Maharashtra Seamless Limited

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