Maharashtra Seamless Limited shareholders have approved the shifting of the registered office from the State of Maharashtra to the State of Haryana. The special resolution, which also includes a consequential amendment in Clause II of the Memorandum of Association of the Company, received 99.99% votes in favour. The approval was secured through a remote e-voting process conducted between May 26, 2026, and June 24, 2026.

The resolution was passed with the requisite majority effective from June 24, 2026. A total of 474 members participated in the voting process, representing 106,316,027 shares, which constituted 79.34% of the total outstanding shares. There were no invalid votes recorded during the process.

The voting results indicate strong support across all shareholder categories. The Promoter and Promoter Group cast 88,615,861 votes, all in favour, representing 94.10% of their total shareholding. Public Institutions voted 15,064,392 shares in favour, accounting for 84.62% of their holdings. Public Non-Institutions recorded 2,630,212 votes in favour and 5,562 against, with 99.79% supporting the resolution.

Mr. Arunesh Kumar Dubey, Proprietor of M/s Arunesh Dubey & Co., Company Secretaries, served as the Scrutinizer for the postal ballot process. The report confirmed that the votes were scrutinized and reconciled with the register of members and beneficial owners maintained by the depositories as of the cut-off date of May 15, 2026. The e-voting platform was provided by National Securities Depository Limited (NSDL).

The company disclosed the results in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the postal ballot was dispatched via email on May 25, 2026, and advertisements were published in the Business Standard and Mumbai Lakshadeep newspapers on May 26, 2026.

Voting Results Summary

Maharashtra Seamless Limited is conducting a further review of its Scheme of Arrangement, which was initially approved by its Board of Directors on May 22, 2026. The company intends to present the reviewed scheme before a subsequent Board meeting to seek necessary approvals. Following this, the scheme will be submitted to the stock exchanges for their records.

The disclosure was made to BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ram Ji Nigam, the Company Secretary and Compliance Officer, signed the intimation on June 15, 2026.

The Scheme of Arrangement is a significant corporate action that requires thorough scrutiny and regulatory compliance. The company has not yet disclosed the specific details or the entities involved in the arrangement. Shareholders and market participants await the final structure of the scheme post the upcoming Board review.