Maharashtra Seamless Limited
Maharashtra Seamless Limited, incorporated in 1988, is engaged in the business of manufacturing of Steel Pipes and Tubes. It is also engaged in power generation.
What Maharashtra files
- Others63
- Investor Meet35
- Important10
- Board Meeting9
- Updates9
- Dividend/Bonus4
Maharashtra Seamless's previously approved Scheme of Arrangement is now under further review. It will be presented for approval at a subsequent Board Meeting, indicating a potential delay in its implementation.
Maharashtra Seamless approved Q4/FY26 financial results, with annual net profit at ₹718.16 Cr. The board declared a ₹10/share dividend and greenlit a demerger for two business undertakings, plus a registered office relocation.
Maharashtra Seamless's board approved demerging two seamless pipe & related assets into two new listed subsidiaries. These units represent 1486 Cr turnover (31.8% of total). Shareholders will receive shares in the new entities, aiming for focused growth and value creation.
Maharashtra Seamless has incorporated 'MSL Seamless Tubes Limited' as a wholly-owned subsidiary. It will manufacture pipes and generate electricity. The subsidiary has a paid-up capital of Rs. 0.05 Cr, fully held by the company.
Maharashtra Seamless incorporated United Seamless Limited, a new wholly-owned subsidiary. This entity will engage in pipe manufacturing, offshore oil exploration, and electricity generation, with an initial capital of ₹0.05 Cr fully funded by the parent company.