Maharashtra Seamless Approves 32 Percent Turnover Demerger Into Two Listed Subsidiaries

Board approved demerger of Mangaon 125kt and Narketpally 200kt seamless units with solar assets and Jindal Explorer rig into two wholly owned subsidiaries via 1-for-5 share swap, no cash, both to list, appointed 1 Oct 2026. Context: revives May scheme withdrawn in August.