Maharashtra Seamless Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 10 per equity share.
MAHSEAMLES · price
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Maharashtra Seamless Limited's Board recommended a final dividend of Rs. 10 per equity share (200% on face value of Rs. 5) for FY 2025-26, subject to shareholder approval. Standalone net profit for the year stood at Rs. 718.16 Crores, down from Rs. 792.85 Crores in the previous year. Total revenue was Rs. 5,058.78 Crores versus Rs. 5,463.14 Crores in FY2025. The company also approved a proposal to shift its registered office from Maharashtra to Haryana and a scheme of arrangement for demerger of two business undertakings into separate companies. Additionally, the Board approved appointment of R. J. Goel & Co. as Cost Auditors for FY 2026-27.
The dividend represents a 200% payout on a Rs. 5 face value share. Without current market price data, dividend yield cannot be confirmed. The profit decline YoY may concern some investors, though the dividend recommendation signals continued cash generation. The proposed demerger and office relocation are strategic moves that may create long-term value.