Acquisition / mergerFiled on BSE ·
Maharashtra Seamless Limited approves demerger scheme for two units into subsidiaries
Maharashtra Seamless Ltd · Industrial Products
What the filing says
- Scheme approved on 7 October 2026 with appointed date 1 October 2026; subject to NCLT and regulatory approvals
- Demerged Undertaking 1 (turnover ₹793 crore, 16.98%) to MSL Seamless Tubes Ltd; Demerged Undertaking 2 (turnover ₹693 crore, 14.84%) to United Seamless Ltd
- Share exchange ratio: 1 equity share of resulting companies for every 5 shares of Demerged Company; resulting companies to be listed on BSE and NSE
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.