Maharashtra Seamless accepts CFO Arup Mandal resignation effective July 2

1 min read Updated on 04 Jul 2026, 01:00 PM

Reviewed by

Riya DScanX News Team

AI Summary

Maharashtra Seamless Limited accepted the resignation of Arup Mandal from the position of Chief Financial Officer effective July 2, 2026, due to personal reasons. The company informed BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter and detailed disclosure were provided to the exchanges.

*this image is generated using AI for illustrative purposes only.

Maharashtra Seamless Limited accepted the resignation of Arup Mandal from the position of Chief Financial Officer, effective July 2, 2026. The resignation was submitted due to personal reasons, marking a change in the company's financial leadership structure. The disclosure was made to the stock exchanges in compliance with regulatory requirements.

The company informed BSE Limited and National Stock Exchange of India Limited regarding the cessation of the CFO's role. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure required under the SEBI Master Circular was also provided to the exchanges.

Resignation Details

The resignation of Mr. Arup Mandal was formally communicated to the Managing Director of Maharashtra Seamless on July 2, 2026. In his resignation letter, he cited personal reasons for stepping down and requested to be relieved on the same date. He expressed gratitude for the opportunity to work with the organization.

The following table summarizes the key details of the regulatory disclosure:

S. No.	Particulars	Details
1.	Reason for change	Resignation of Mr. Arup Mandal as Chief Financial Officer of the Company
2.	Date of cessation	2 July, 2026
3.	Brief profile	Not Applicable
4.	Disclosure of relationships	Not Applicable
5.	Letter of Resignation	Enclosed

The filing was signed by Ram Ji Nigam, Company Secretary & Compliance Officer of Maharashtra Seamless Limited, on July 3, 2026. The company confirmed that the resignation letter and the detailed reason for the departure were attached as part of the regulatory submission.

Historical Stock Returns for Maharashtra Seamless

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.60%	+1.48%	-2.58%	+8.56%	-13.59%	+270.26%

Who will be appointed as the new CFO, and how will their background influence the company's financial strategy?

What impact will this leadership change have on Maharashtra Seamless' upcoming financial reporting and investor confidence?

Will the company provide any interim guidance or reassurance to stakeholders regarding the transition period?

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Odd & Even Trades increases stake in Maharashtra Seamless to 19.44%

1 min read Updated on 01 Jul 2026, 06:05 PM

Reviewed by

Suketu GScanX News Team

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Odd & Even Trades & Finance Limited, a promoter group entity, increased its stake in Maharashtra Seamless Limited by 1.28% to 19.44% via open market purchases between March 30 and June 30, 2026. The acquirer purchased 17,17,618 shares, bringing its total holding to 2,60,48,333 shares.

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Odd & Even Trades & Finance Limited has increased its shareholding in Maharashtra Seamless Limited to 19.44% through open market transactions conducted between March 30 and June 30, 2026. The acquirer, which belongs to the promoter group, purchased 17,17,618 shares, representing 1.28% of the total voting capital, during this period.

Prior to the acquisition, Odd & Even Trades & Finance Limited held 2,43,30,715 shares, accounting for 18.16% of the paid-up capital. Following the purchase, the total holding rose to 2,60,48,333 shares. The equity share capital and total diluted share capital of Maharashtra Seamless Limited remain unchanged at Rs.66,99,96,260.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made by D. P. Majumdar, Company Secretary of Odd & Even Trades & Finance Limited.