Every Spin-Off
United Seamless
AnnouncedINMakes seamless steel pipes at a 200,000-tonne-a-year plant in Narketpally, Telangana, and owns 25 MW of solar plants in Rajasthan and an onshore drilling rig.
Maharashtra Seamless' Narketpally (Telangana) seamless pipe plant (200,000 tpa), 25 MW of Rajasthan solar plants and the Jindal Explorer drilling rig, with FY26 turnover of Rs 693 crore (14.8% 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 United Seamless share (FV Rs 5) for every 5 Maharashtra Seamless shares, alongside a parallel demerger into MSL Seamless Tubes; 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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