Maharashtra Seamless Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2026.
MAHSEAMLES · price
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Maharashtra Seamless Limited's Board approved the audited standalone financial results for FY 2025-26 ending March 31, 2026. Total revenue stood at ₹5,058.78 Crores, down from ₹5,463.14 Crores in the previous year. Net profit after tax was ₹718.16 Crores versus ₹792.85 Crores in FY 2024-25, representing approximately 9.4% decline. EPS came in at ₹53.59 compared to ₹59.17 in the prior year. The auditor issued an unmodified clean opinion on the financials. The Board also recommended a dividend of ₹10 per equity share (200% on face value of ₹5) for FY 2025-26, subject to shareholder approval. Additionally, the Board approved a proposal to shift the registered office from Maharashtra to Haryana and a scheme of arrangement for demerger of two business undertakings into separate companies.
Revenue and profitability declined year-on-year, though the company maintains strong cash flows and recommends a healthy dividend. The upcoming demerger and office relocation could signal structural changes going forward. Investors should note the profit decline despite stable operations.