Integrated Filing — IndAS



General information about company
Scrip Code 500265
NSE Symbol MAHSEAMLES
MSEI Symbol NOTLISTED
ISIN INE271B01025
Name of company MAHARASHTRA SEAMLESS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 26-May-2025   18:30:00
End date and time of board meeting 26-May-2025   20:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 14177700000 52686700000
Other income 399700000 1972200000
Total income 14577400000 54658900000
2 Expenses
(a) Cost of materials consumed 9045400000 32870100000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -470300000 303100000
(d) Employee benefit expense 312100000 1228900000
(e) Finance costs 5000000 27600000
(f) Depreciation, depletion and amortisation expense 253900000 1009200000
(f) Other Expenses
1 Other Expenses 2438900000 9082100000
Total other expenses 2438900000 9082100000
Total expenses 11585000000 44521000000
3 Total profit before exceptional items and tax 2992400000 10137900000
4 Exceptional items 0 0
5 Total profit before tax 2992400000 10137900000
6 Tax expense
7 Current tax 432300000 2191800000
8 Deferred tax 133800000 37000000
9 Total tax expenses 566100000 2228800000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 2426300000 7909100000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -3700000 -135900000
16 Total profit (loss) for period 2422600000 7773200000
17 Other comprehensive income net of taxes -358600000 -344400000
18 Total Comprehensive Income for the period 2064000000 7428800000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2420400000 7774600000
Total profit or loss, attributable to non-controlling interests 2200000 1400000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2061100000 7429500000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2900000 -700000
21 Details of equity share capital
Paid-up equity share capital 670000000 670000000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 62097000000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 18.06 58.02
Diluted earnings (loss) per share from continuing operations 18.06 58.02
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 18.06 58.02
Diluted earnings (loss) per share from continuing and discontinued operations 18.06 58.02
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 18623000000
Capital work-in-progress 139700000
Investment property 0
Goodwill 12500000
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 6898300000
Trade receivables, non-current 0
Loans, non-current 11900000
Other non-current financial assets 94900000
Total non-current financial assets 7005100000
Deferred tax assets (net) 0
Other non-current assets 204600000
Total non-current assets 25984900000
2 Current assets
Inventories 13416500000
Current financial asset
Current investments 22026100000
Trade receivables, current 6534900000
Cash and cash equivalents 418200000
Bank balance other than cash and cash equivalents 21300000
Loans, current 0
Other current financial assets 379400000
Total current financial assets 29379900000
Current tax assets (net) 824800000
Other current assets 726800000
Total current assets 44348000000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 70332900000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 670000000
Other equity 62729400000
Total equity attributable to owners of parent 63399400000
Non controlling interest 0
Total equity 63399400000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1000000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 52900000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 52900000
Other non-current financial liabilities 32600000
Total non-current financial liabilities 86500000
Provisions, non-current 1900000
Deferred tax liabilities (net) 3622400000
Deferred government grants, Non-current 0
Other non-current liabilities 509400000
Total non-current liabilities 4220200000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 50400000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1474400000
Total Trade payable 1524800000
Other current financial liabilities 21300000
Total current financial liabilities 1546100000
Other current liabilities 586200000
Provisions, current 581000000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2713300000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 6933500000
Total equity and liabilites 70332900000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Steel Pipes & Tubes 13910000000 51676200000
2 Power- Electricity 198900000 780100000
3 Rig 176900000 706900000
4 Others/Unallocated 419100000 1999900000
Total Segment Revenue 14704900000 55163100000
Less: Inter segment revenue
Revenue from operations 14704900000 55163100000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Steel Pipes & Tubes 2397200000 7438700000
2 Power- Electricity 142200000 545300000
3 Rig 57800000 231100000
4 Others/Unallocated 400200000 1950400000
Total Profit before tax 2997400000 10165500000
i. Finance cost 5000000 5000000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 2992400000 10137900000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Steel Pipes & Tubes 31160200000 31160200000
2 Power- Electricity 2509200000 2509200000
3 Rig 6325300000 6325300000
4 Others/Unallocated 30338200000 30338200000
Total Segment Asset 70332900000 70332900000
Un-allocable Assets 0 0
Net Segment Asset 70332900000 70332900000
4 Segment Liabilities
Segment Liabilities
1 Steel Pipes & Tubes 3217900000 3217900000
2 Power- Electricity 20100000 20100000
3 Rig 2600000 2600000
4 Others/Unallocated 3692900000 3692900000
Total Segment Liabilities 6933500000 6933500000
Un-allocable Liabilities 0 0
Net Segment Liabilities 6933500000 6933500000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined Benefit Plans 1600000 2200000
2 Fair Valuation of Equity Shares -359100000 -359100000
Total Amount of items that will not be reclassified to profit and loss -357500000 -356900000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in Translating the financials statements of foreign operations -1100000 12500000
Total Amount of items that will be reclassified to profit and loss -1100000 12500000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -358600000 -344400000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 10137900000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 27600000
Adjustments for decrease (increase) in inventories 2345200000
Adjustments for decrease (increase) in trade receivables, current -367800000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -3831400000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 1009200000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 1300000
Adjustments for interest income 693700000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -839300000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -100000
Other adjustments for non-cash items -5800000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -2357400000
Net cash flows from (used in) operations 7780500000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1684200000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 6096300000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 400000
Purchase of property, plant and equipment 232100000
Proceeds from sales of investment property 30179400000
Purchase of investment property 37766600000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 2214700000
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 1300000
Interest received 744300000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 5800000
Net cash flows from (used in) investing activities -4852800000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 1000000
Repayments of borrowings 7300000
Payments of lease liabilities 0
Dividends paid 1340000000
Interest paid 24700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1371000000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -127500000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 500000
Net increase (decrease) in cash and cash equivalents -127000000
Cash and cash equivalents cash flow statement at beginning of period 545200000
Cash and cash equivalents cash flow statement at end of period 418200000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Kanodia Sanyal & Associates Yes 30-Apr-2026


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 52686700000 52686700000
2 Total Expenditure 44521000000 44521000000
3 Net Profit/(Loss) 7773200000 0
4 Earnings Per Share 58.02 0
5 Total Assets 70332900000 0
6 Total Liabilities 6933500000 0
7 Net Worth 63399400000 0


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) We draw ~our attention to the following Qualification to the Auditor's Report of the financial statements of Gondkhari Coal Mining Limitedl Joint Venture Company of the Parent Compayl issued by its auditor vide its Report dated April 23l 2025 reproduced by us as under: n nThe company has accumulated losses and its net worth has been fully eroded. These conditions indicate the existence of a material uncertanity that may cast significant doubt about the company's abiliy to continue as a going concern. Pending the resolution of the above uncertainties, the Company has prepared the aforesaid nstatement on a going concern basis. The company has a loss of Rs. 112 thousand during the year ended 31st March, 2025, its accumulated losses as of that date aggregate to Rs. 39,605/- thousand and net Reserve & Surplus aggregating to negative Rs. 39,605/- thousand resulting in complete erosion of its Networth. n
Textual Information(2) Not Quantified n
Textual Information(3) Not Quantified, Audit Committee & Board of Directors considering to take remedial action on the said qualification shortly.
Textual Information(4) We have recognized necessary provisions in respect of the aforesaid qualifications in the earlier standalone nstatements n
Textual Information(5) The Holding Company has recognized necessary provisions in respect of aforesaid qualification in the earlier standalone statements n


Signatories detail
Name of CEO / Managing director Sakrt Jindal
Name of CFO Arup Mandal
Name of audit committee chairman Ashok Bhandari
Name of statutory auditor RK Kanodia
Name of other signatory, if any, with designation
Place New Delhi
Date 26-May-2025