Maharashtra Seamless FY26 net profit at ₹718 cr

Maharashtra Seamless Limited has reported its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors, which met on May 22, 2026, approved the results and recommended a dividend of ₹10.00 per equity share (200%) for the fiscal year 2025-26, subject to shareholder approval.

Financial Performance

For the financial year ended March 31, 2026, the company reported a standalone net profit of ₹718.16 crore, compared to ₹792.85 crore in the previous year. Revenue from operations stood at ₹4,671.41 crore, down from ₹5,265.90 crore in FY25. On a consolidated basis, net profit for the year was ₹701.02 crore, while total revenue was ₹5,061.90 crore.

Metric	Standalone FY26 (₹ Cr)	Standalone FY25 (₹ Cr)	Consolidated FY26 (₹ Cr)	Consolidated FY25 (₹ Cr)
Revenue from Operations	4,671.41	5,265.90	4,674.34	5,268.67
Total Expenses	4,099.21	4,447.38	4,105.84	4,452.10
Net Profit	718.16	792.85	701.02	777.32
Earnings Per Share (Basic)	53.59	59.17	52.33	58.02

The board also approved the appointment of M/s R. J. Goel & Co., Cost Accountants, as cost auditors for the financial year 2026-27.

Corporate Actions

During the meeting, the board approved a composite scheme of arrangement to demerge two business undertakings into separate wholly owned subsidiaries. The appointed date for the demerger is October 1, 2026. The scheme involves demerging the seamless pipe manufacturing business at Mangaon, Maharashtra, into MSL Seamless Tubes Limited, and the facility at Narketpally, Telangana, into United Seamless Limited. The share exchange ratio is 1 equity share of ₹5 each in each resulting company for every 5 equity shares of ₹5 each held in Maharashtra Seamless Limited.

Additionally, the board approved a proposal to shift the Registered Office of the company from Maharashtra to Haryana, subject to shareholder and regulatory approvals.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.66%	-2.61%	-8.55%	+5.72%	-14.50%	+301.11%

Maharashtra Seamless Limited has incorporated a wholly-owned subsidiary, MSL Seamless Tubes Limited, on May 15, 2026. The company received confirmation from the Ministry of Corporate Affairs on May 16, 2026, at 09:44 p.m. IST. This disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Newly Incorporated Subsidiary

The following table provides a comprehensive overview of the incorporation details as disclosed by the company:

Parameter	Details
Name of Entity	MSL Seamless Tubes Limited
Date of Incorporation	May 15, 2026
Country of Incorporation	India
Relationship with Listed Entity	Wholly-Owned Subsidiary of Maharashtra Seamless Limited
Industry	Manufacturing / Services
Nature of Consideration	Cash
Authorised Capital	Rs.5,00,000 divided into 1,00,000 equity shares of Rs. 5 each
Paid-Up Share Capital	Rs.5,00,000 held entirely by Maharashtra Seamless Limited
Shareholding by Listed Entity	100%
Regulatory Approvals Required	Not Applicable

Business Scope of MSL Seamless Tubes Limited

MSL Seamless Tubes Limited will be engaged in the business of manufacturing all kinds of pipes and generation of electricity. The new subsidiary operates within the manufacturing and services industry segment, aligning with the parent company's existing business domain.

Disclosure Compliance

The intimation was filed by Company Secretary Ram Ji Nigam on May 16, 2026. The entire paid-up share capital of Rs.5,00,000 of MSL Seamless Tubes Limited is held by Maharashtra Seamless Limited as on the date of incorporation, confirming its status as a 100% subsidiary.