Maharashtra seamless Limited has announced the voluntary closure of its subsidiary Internovia Natural Resources FZ LLC, which has been struck off. The company made this disclosure on April 9, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact and Subsidiary Performance

The subsidiary's financial contribution to the parent company was minimal during the financial year ended March 31, 2025. According to the disclosure, Internovia Natural Resources FZ LLC had no operational income but maintained a net worth.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations. The company provided detailed information as required under the SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026.

Maharashtra Seamless Limited emphasized that the closure of Internovia Natural Resources FZ LLC will not have any impact on the company's operations or financial position. This indicates that the subsidiary was not a significant contributor to the parent company's business activities.

Corporate Structure Impact

The voluntary striking off of the subsidiary represents a streamlining of Maharashtra Seamless Limited's corporate structure. Given the subsidiary's nil income contribution and minimal net worth of 0.40 crore, the closure appears to be an administrative decision to optimize the company's subsidiary portfolio.

The disclosure confirms that this transaction does not involve any sale or disposal arrangements, as indicated by the "Not Applicable" status for various transaction-related parameters including consideration received, buyer details, and related party transaction classifications.

Maharashtra Seamless Limited has received an Environmental, Social and Governance (ESG) rating from NSE Sustainability Ratings and Analytics Limited, marking a significant development in the company's sustainability assessment profile. The rating communication was received by the company on April 2, 2026.

ESG Rating Details

The assessment resulted in the following rating parameters:

Independent Assessment Process

Maharashtra Seamless Limited emphasized that the ESG rating was conducted independently by NSE Sustainability Ratings and Analytics Limited. The company specifically clarified that it did not engage the rating agency for this assessment. The evaluation was based entirely on information available in the public domain, reflecting the agency's independent analysis of the company's environmental, social, and governance practices.

Regulatory Compliance

The disclosure of this ESG rating was made in accordance with regulatory requirements. The company filed this information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026.

Market Communication

The company communicated this development to both major stock exchanges where its shares are listed. Maharashtra Seamless Limited trades on BSE Limited under stock code 500265 and on the National Stock Exchange of India Limited under the symbol MAHSEAMLES. The formal intimation was signed by Ram Ji Nigam, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed in the disclosure process.