Maharashtra Seamless Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 28, 2025
MAHSEAMLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maharashtra Seamless Limited has sent the notice of its 37th Annual General Meeting to be held on Thursday, August 28, 2025 at 11:30 a.m. via video conferencing, along with the Annual Report for FY 2024-25. Key FY25 financial highlights: Revenue from Operations of ₹5,265.90 Crore (down from ₹5,403.12 Crore in FY24), Profit after Tax of ₹792.85 Crore (down from ₹974.93 Crore), and Profit before Tax of ₹1,015.76 Crore. The Board has recommended a dividend of ₹10 per equity share on a face value of ₹5 (a 200% payout). E-voting window runs from August 24 to August 27, 2025, with a cut-off date of August 21, 2025. The company disclosed a modified audit opinion on consolidated financials due to a going concern qualification in its joint venture, Gondkhari Coal Mining Limited, whose net worth is fully eroded. Management changes include appointment of Mr. Arup Mandal as CFO, reappointment of Mr. Saket Jindal as Managing Director, and proposed appointment of Mrs. Dipika Agarwal as Independent Director.
The AGM is a routine compliance event and not expected to move the stock sharply on its own. The recommended ₹10 per share dividend is a positive for income-focused shareholders, while the decline in revenue and profit — attributed partly to Chinese dumping pressure — may weigh on sentiment. The going concern flag on the small coal mining JV is a watch item but not material to the parent's debt-free, cash-generative standalone business.