Maharashtra Seamless Management Change
Mr. Pithelis Raj Santhanamarian has resigned from the Directorship of Maharashtra Seamless Limited effective 25th September 2026 due to personal reasons.
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Mr. Pithelis Raj Santhanamarian has resigned from the Directorship of Maharashtra Seamless Limited effective 25th September 2026 due to personal reasons.
Maharashtra Seamless Limited held its 38th Annual General Meeting on 15th September, 2026. The company transacted items of business including dividend declaration and director appointments.
Maharashtra Seamless Limited issued a corrigendum to its FY 2025-26 Annual Report. The update removes an incorrect reference to a qualified opinion in the auditor's report.
Maharashtra Seamless Ltd issued letters to shareholders with unregistered email addresses, providing the web-link to access the Annual Report 2025-26 and the AGM Notice.
Maharashtra Seamless Ltd has submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report details the company's environmental, social, and governance performance metrics.
Maharashtra Seamless Limited has scheduled its 38th Annual General Meeting for September 15, 2026. The company fixed September 1, 2026, as the record date for a 200% dividend.
MSL reported Q1 FY27 revenue of INR 1,266 Cr, up 3% vs Q4 FY26. PAT surged 150% to INR 271 Cr, primarily driven by improved other income of INR 175 Cr from equity markets.
MSL reported Q1FY27 revenue of Rs 1,266 cr and PAT of Rs 271 cr. Management maintains a dominant 55% market share in seamless pipes.
Maharashtra Seamless Ltd has scheduled its 38th Annual General Meeting for September 15, 2026. The company set September 1, 2026, as the dividend record date.
Maharashtra Seamless Ltd reported revenue from operations of ₹1,091 Cr (-4.7% YoY) and net profit of ₹266.4 Cr (+15.7% YoY) for Q1 FY27.
Maharashtra Seamless Limited announced the passing of its Independent Director, Mr. Ashok Bhandari, on August 3, 2026. He ceased to be a director effective immediately.
Maharashtra Seamless Ltd scheduled a Board Meeting for August 7, 2026. The meeting targets the approval of unaudited financial results for the quarter ended June 30, 2026.
Maharashtra Seamless Limited filed its shareholding pattern for the quarter ending 30 June 2026, detailing holdings across promoters, institutions and others. No monetary or operational changes were announced.
Maharashtra Seamless approved a demerger of two units into separate subsidiaries. Shareholders will receive one share of each new entity for every five shares held.
Promoter Odd & Even Trades & Finance Ltd increased its stake in Maharashtra Seamless Ltd from 18.16% to 19.44% via open market purchases.
Pithelis Raj Santhanamanarian resigned as Whole-time Director effective June 30, 2026. He will continue serving as a Non-Executive Director of the company.
Maharashtra Seamless Ltd’s postal ballot passed a resolution to shift its registered office from Maharashtra to Haryana. The resolution was approved with the requisite majority on 24 June 2026.
Maharashtra Seamless Ltd is reviewing its previously approved Scheme of Arrangement. The scheme will be placed before a subsequent board meeting for final approval.
Maharashtra Seamless Limited filed its Annual Secretarial Compliance Report for the year ended March 31, 2026. The report notes zero non-compliance observations from the auditor.
Maharashtra Seamless Limited issued a postal ballot notice to seek shareholder approval for shifting its registered office to Haryana. E-voting concludes on June 24, 2026.
Maharashtra Seamless appointed M/s. R.J. Goel & Co. as Cost Auditors for twelve months. The appointment strengthens the company's cost accountancy and financial governance.
Maharashtra Seamless recommended a final dividend of ₹10 per equity share for 2026. This payout remains subject to upcoming shareholder approval.
Maharashtra Seamless approved demerging its pipe and power undertakings into two separate subsidiaries. The restructuring aims to optimize capital allocation and enhance long-term stakeholder value.
Maharashtra Seamless Ltd reported revenue from operations of ₹1,280 Cr (-9.7% YoY) and net profit of ₹102.8 Cr (-57.6% YoY) for Q4 FY26.
Maharashtra Seamless reported audited FY2025-26 results and recommended a ₹10.00 per share dividend. The Board also approved shifting its registered office to Haryana.
Maharashtra Seamless Limited incorporated a new wholly-owned subsidiary, United Seamless Limited, with ₹0.05 Crore capital. The entity will focus on pipe manufacturing and oil exploration.
Maharashtra Seamless scheduled a board meeting for May 22, 2026, to approve audited financial results. The board will also consider recommending a dividend.
Maharashtra Seamless Limited has voluntarily struck off its subsidiary, Internovia Natural Resources FZ LLC. The subsidiary had a net worth of ₹0.40 Crore and zero income. The closure is not expected to impact the company's financial position or operations.
Maharashtra Seamless Ltd reported net profit of ₹243 Cr (+30.6% YoY) for Q3 FY26.
Maharashtra Seamless Limited submitted its compliance certificate for the quarter ended March 31, 2026. The registrar, Alankit Assignments Limited, confirmed that physical share certificates received for dematerialization were processed, cancelled, and substituted in records as per SEBI regulations.