Maharashtra Seamless Limited has informed the Exchange regarding 'Appointment of M/s Ajit Mishra & Associates, Company Secretaries, as Secretarial Auditor of the Company for a term of five consecutive years from FY 2025-26 to FY 2029-30, subject to the approval of shareholders.'.
MAHSEAMLES · price
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Awaiting price reaction for this filing.
Maharashtra Seamless Limited's board, at its meeting on 30th July 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26. Standalone revenue from operations stood at Rs. 1,142.86 crore, nearly flat year-on-year, but net profit jumped to Rs. 233.86 crore from Rs. 135.95 crore in Q1 FY25, a rise of about 72%, lifting EPS to Rs. 17.45. The Steel Pipes & Tubes segment remains the primary revenue and profit driver. The board also recommended appointing Mrs. Dipika Agarwal as Independent Director for five years starting 28th September 2025, and appointed M/s Ajit Mishra & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Strong Q1 earnings with a sharp jump in net profit despite flat top-line signal improved margins and operational efficiency, which is positive for shareholders. The new auditor and independent director appointments are routine governance steps and unlikely to materially affect the stock price.