Submission of Postal Ballot Notice
MAHSEAMLES · price
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Maharashtra Seamless Limited has issued a postal ballot notice seeking shareholder approval to shift its registered office from the State of Maharashtra (Raigad district) to the State of Haryana. The company states that day-to-day operations are already being carried out from Gurugram, Haryana, and the majority of Directors are based in the Gurugram/NCR region. The Board says the relocation will enable better control, coordination, and reduction in costs, making the Company's affairs more economical and efficient to manage. This requires a Special Resolution passed by shareholders, along with approval from the Central Government (Regional Director). Voting is open from 26th May 2026 to 24th June 2026 via NSDL e-voting platform, with results to be declared within two working days after the voting period ends.
Shareholders should note this is an administrative relocation with no change in business operations. The shift may benefit the Company logistically and financially by aligning its registered office location with where operations and management are actually based, though no specific cost savings figures were disclosed.