Maharashtra Seamless Limited has disclosed that Odd & Even Trades & Finance Limited, a promoter group entity, has increased its shareholding in the company through open market acquisitions. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

Odd & Even Trades & Finance Limited acquired 953,715 shares of Maharashtra Seamless Limited through open market transactions conducted between June 19, 2025, and March 24, 2026. This acquisition represents 0.71% of the company's total share capital.

Shareholding Position

Prior to this acquisition, Odd & Even Trades & Finance Limited held 23,377,000 shares, representing 17.45% of Maharashtra Seamless Limited's total voting capital. Following the completion of the acquisition, the promoter group entity's total shareholding has increased to 24,330,715 shares, constituting 18.16% of the company's voting capital.

Company Information

Maharashtra Seamless Limited's equity share capital remained unchanged at Rs.66,99,96,260 before and after the acquisition. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was submitted to the stock exchanges on March 25, 2026, by Ram Ji Nigam, Company Secretary of Maharashtra Seamless Limited. The acquisition was conducted through open market purchases, and all regulatory requirements under SEBI takeover regulations have been fulfilled. The promoter group status of Odd & Even Trades & Finance Limited was confirmed in the disclosure documentation.

Maharashtra Seamless Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the reappointment of Mr. Pithelis Raj Santhana Marian as Whole-time Director. The company announced the results on 13th March, 2026, following the completion of the remote e-voting process.

Postal Ballot Results

The special resolution for Mr. Pithelis Raj Santhana Marian's reappointment and approval of remuneration received strong shareholder support across all categories. The voting results demonstrate broad-based approval from the company's diverse shareholder base.

Voting Process Details

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and related regulations. Key aspects of the voting process included:

• Cut-off Date: 30th January, 2026
• Notice Dispatch: 9th February, 2026 (via email to 89,054 registered members)
• Voting Period: 11th February, 2026 (9:00 AM) to 12th March, 2026 (5:00 PM)
• Total Participants: 463 members
• Scrutinizer: Mr. Arunesh Kumar Dubey (FCS 7721, CP 14054)

Regulatory Compliance

The company published advertisements regarding the postal ballot notice in English language newspaper "Business Standard" and Marathi language newspaper "Mumbai Lakshdeep" on 10th February, 2026. The e-voting platform was provided by National Securities Depository Limited (NSDL), ensuring secure and transparent voting.

Director Appointment Details

Mr. Pithelis Raj Santhana Marian (DIN-00520481) has been reappointed as Whole-time Director with the approval of his remuneration package. The resolution became effective from 12th March, 2026, following the completion of the voting process.

Scrutinizer's Confirmation

Mr. Arunesh Kumar Dubey, the appointed scrutinizer from M/s Arunesh Dubey & Co. Company Secretaries, confirmed that the voting process was conducted fairly and transparently. The scrutinizer's report validated that all procedural requirements were met and the resolution passed with the requisite majority.

The company has disclosed these results in compliance with Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency for all stakeholders.