Mahalaxmi Seamless Share Price Today

Mahalaxmi Seamless shareholders approve FY26 accounts, director changes

Shareholders approved re-appointment of Mala Sharma and appointment of Elangovan Ramnathan at 35th AGM. Voting results show over 99.98% support for all three ordinary resolutions including FY26 accounts. Promoter group voted unanimously in favour; only 600 dissenting votes recorded against director appointments. Meeting held on September 24, 2026, with 40 shareholders present out of 5,663 on record date.

Mahalaxmi Seamless reports ₹7.34 lakh loss for FY26 amid rising costs

Mahalaxmi Seamless reported a net loss of ₹7.34 lakh for FY26, reversing a ₹25.48 lakh profit in FY25. Employee benefit expenses surged to ₹124.85 lakh, driven by a ₹49.08 lakh gratuity provision. Revenue from operations remained stable at ₹188.82 lakh, with rental income contributing ₹180.00 lakh. Total borrowings declined, with long-term debt falling from ₹52.85 lakh to ₹23.52 lakh. The 35th AGM is scheduled for September 24, 2026, with remote e-voting available.

Mahalaxmi Seamless confirms no fund deviation in Q4FY26

Mahalaxmi Seamless Limited reported that the Statement on Deviation or Variation of funds is not applicable for Q4FY26, ending June 30, 2026. Filed under Regulation 32 of SEBI LODR 2015, the disclosure confirms no unauthorized changes in fund utilization from public, rights, or QIP issues. The statement was signed by Managing Director Vivek Madhav Prasad Jalan.

Mahalaxmi Seamless promoters transfer 10.44% stake via gift

Mahalaxmi Seamless Limited disclosed a proposed off-market inter-se transfer of 5,51,412 equity shares by way of gift from Mr. Madhavprasad Govindram Jalan to Mr. Vivek Madhavprasad Jalan. The transaction, representing 10.44% of the total share capital, is scheduled for on or after July 15, 2026, and is exempt from an open offer under SEBI regulations. Post-transfer, Mr. Vivek Madhavprasad Jalan's holding will increase to 20.06%, while the transferor's stake will reduce to nil.

Mahalaxmi Seamless reports net loss for FY26

Mahalaxmi Seamless Limited reported a net loss of ₹7.35 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹25.48 lakh in the previous year. Revenue from operations increased marginally to ₹188.82 lakh, while total expenses rose to ₹200.54 lakh, driven by higher employee benefit costs. The Board approved the audited financial results on May 28, 2026.

Mahalaxmi Seamless exempt from related party disclosure for FY26

Mahalaxmi Seamless Limited is exempt from disclosing related party transactions for FY26 as its paid-up capital and net worth fall below the regulatory thresholds of ₹10 crore and ₹25 crore respectively.