Maharashtra Seamless Limited Announces Financial Results, Recommends Dividend, and Plans Registered Office Shift
Maharashtra Seamless Limited (MSL) announced key corporate developments following its Board meeting on May 22, 2026. The Board considered and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.In addition to the financial reporting, the Board also recommended a dividend payout and approved the initial steps for relocating the company's registered office.
Financial Highlights and Dividend Recommendation
The Board of Directors recommended a dividend, subject to the approval of the members, for the financial year 2025-26.| Parameter | Value |
|---|---|
| Recommended Dividend | INR 10.00 |
| Percentage of Face Value | 200% |
| Face Value per Equity Share | INR 5/- |
The audited standalone and consolidated financial reports cover the quarter and financial year ended March 31, 2026. The Company’s Statutory Auditors, M/s Kanodia Sanyal & Associates, issued an audit report confirming an unmodified opinion on the audited financial results.
Based on the comprehensive financial data provided:
| Metric | Financial Year Ended 31-Mar-26 | Financial Year Ended 31-Mar-25 |
|---|---|---|
| Total Revenue | 387.37 | 197.24 |
| Net Profit after tax | 718.16 | 792.85 |
| Total Assets | 7,714.15 | 6,959.19 |
Key Corporate Developments
Registered Office RelocationThe Board of Directors approved the shifting of the Registered Office of the Company from the State of Maharashtra to the State of Haryana. This move entails a consequential alteration of the Registered Office clause in the Memorandum of Association, pending approval from shareholders via postal ballot and other necessary regulatory authorities.
Appointment of Cost Auditors
The Board also approved the appointment of M/s R. J. Goel & Co., Cost Accountants, to serve as Cost Auditors for the financial year 2026-27.
Audit and Reporting Scope
The Company's financial reporting covers both standalone and consolidated results, providing a true and fair view of the group’s performance.The consolidated results incorporate financial information from several entities, including subsidiaries, joint ventures, and associates:
- Subsidiaries: Maharashtra Seamless (Singapore) Pte. Ltd, Maharashtra Seamless Finance Limited, Jindal Premium Connections Pvt Ltd (unaudited), Internovia Natural Resources FZ LLC, and Zircon Drilling Supplies and Trading FZE.
- Joint Ventures: Gondkhari Coal Mining Ltd (unaudited).
- Associates: Jindal Pipe (Singapore) Pte Ltd.
The audited financials reflect figures for the quarter and financial year ended March 31, 2026, which are based on balancing figures between the audited full financial year figures and the published unaudited year-to-date figures up to the third quarter of the current financial year.
***
Disclaimer: The information provided is based solely on the source material and does not include any speculative, interpretive, or external contextual data.
MAHSEAMLES Stock Price Movement
Maharashtra Seamless Limited shares today slipped by 0.88% to settle at ₹635.35 in post-market trading. The stock traded on a volume of 84,348 shares, marking a range between a day low of ₹629.15 and a high of ₹646.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: