Every Spin-Off
MSL Seamless Tubes
AnnouncedINMakes seamless steel pipes at a 125,000-tonne-a-year plant in Mangaon, Maharashtra, and owns a 10 MW captive solar plant.
Maharashtra Seamless' Mangaon seamless pipe plant (125,000 tpa) and a 10 MW captive solar plant at Beed, with FY26 turnover of Rs 793 crore (17% of the total).
- Status
- Announced
- Expected
- Awaiting approvals
- Parent
- Maharashtra Seamless (MAHSEAMLES IN)
- Spin-off ticker
- To be announced
- Listing
- NSE and BSE
- Market
- India
- Sector
- Materials
Terms
1 MSL Seamless Tubes share (FV Rs 5) for every 5 Maharashtra Seamless shares, alongside a parallel demerger into United Seamless; appointed date 1 Oct 2026; needs exchange, shareholder, creditor and NCLT approval; listing on NSE and BSE proposed.
Key dates
- Board approval
- Further board approval of scheme
- Stock exchange NOC / NCLT
Source documents
- Press releaseDemerger intimation (05/22/26)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
- SourceDemerger intimation (10/07/26)
- Sourcebusinesstoday.in
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