Maharashtra Seamless Limited has informed the Exchange about 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, with the Certificate of Incorporation received on 16th May, 2026. The new entity is based in India and will operate in manufacturing and services, specifically focusing on manufacturing of pipes, offshore oil exploration activities, and electricity generation. The subsidiary has an authorized capital of Rs. 5,00,000 divided into 1,00,000 equity shares of Rs. 5 each, with the entire paid-up capital held by Maharashtra Seamless Limited. The consideration was in cash.
The incorporation expands Maharashtra Seamless Limited's operational footprint into new business areas including offshore oil exploration and power generation. As a wholly-owned subsidiary with initial paid-up capital of Rs. 5 lakh, this appears to be an early-stage investment with limited immediate financial impact on the parent company.