Maharashtra Seamless Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net profit for the year and recommended a final dividend of INR 10.00 (200%) per equity share of INR 5/-. Additionally, the Board has approved the relocation of the company’s registered office to the state of Haryana and initiated plans for a strategic demerger.
Financial Performance Overview
For the financial year ended March 31, 2026, Maharashtra Seamless Limited reported a standalone annual revenue of INR 4,671.41 crore. The net profit after tax for the same period stood at INR 718.16 crore. On a consolidated basis, the company demonstrated a robust performance, reporting annual revenue of INR 4,674.34 crore and a net profit attributable to company owners of INR 701.27 crore.
Dividend Distribution
Demonstrating its commitment to shareholder value, the Board of Directors has recommended a dividend of INR 10.00 per equity share (a 200% payout) for the face value of INR 5/- each. This recommendation is subject to the final approval of members at the upcoming annual meeting.
Strategic Corporate Developments
The company announced two significant structural changes during its board meeting held on May 22, 2026:
- Registered Office Shift: The company is proceeding with the migration of its registered office from the state of Maharashtra to Haryana, pending necessary regulatory and shareholder approvals.
- Business Demerger: The Board has approved a scheme of arrangement for the demerger of two of its business undertakings into two separate, independent entities to streamline operations and enhance focus.
Operational Appointments
To ensure robust cost management and transparency, the Board has appointed M/s R. J. Goel & Co., Cost Accountants, as the Cost Auditors for the company for the upcoming financial year 2026-27.
Source: BSE
