Maharashtra Seamless Limited has informed the Exchange about appointment of Cost Auditors
MAHSEAMLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maharashtra Seamless Limited held a Board meeting on May 22, 2026, approving multiple items. Key approvals include: (1) Audited standalone financial results for FY26 showing total income of Rs. 4,671.41 Crores (down from Rs. 5,265.90 Crores in FY25) and net profit of Rs. 718.16 Crores (down from Rs. 792.85 Crores); (2) Recommendation of dividend of Rs. 10 per share (200%) for FY25-26 subject to shareholder approval; (3) Appointment of M/s R. J. Goel & Co., Cost Accountants as Cost Auditors for FY 2026-27; (4) Proposal to shift registered office from Maharashtra to Haryana pending shareholder and regulatory approval; (5) Scheme of arrangement for demerger of two business undertakings into separate companies. The company operates in Steel Pipes & Tubes, Power, and Rig segments.
Revenue and profit declined year-on-year due to lower steel pipes segment performance. Dividend recommendation provides shareholder returns. Registered office shift to Haryana reflects operational consolidation. The demerger scheme, if approved, could create separate listed entities affecting shareholding structure.