Intimation of Incorporation of Wholly Owned Subsidiary
MAHSEAMLES · price
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Maharashtra Seamless Limited has incorporated a new wholly owned subsidiary named 'United Seamless Limited'. The Certificate of Incorporation was received from Ministry of Corporate Affairs on 16th May, 2026. The new subsidiary is set up in India with authorized capital of Rs. 5,00,000 divided into 1,00,000 equity shares of Rs. 5 each. The entire paid-up share capital is held by Maharashtra Seamless Limited. United Seamless Limited will engage in manufacturing of pipes, offshore oil exploration activities, and generation of electricity.
This incorporation expands Maharashtra Seamless's business reach into new areas while maintaining 100% control. It may provide future growth avenues but has no immediate material impact on financials given the small initial capital.