In compliance with Regulation 30 of SEBI Listing Regulations, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, this is to inform you that the Board of Directors of the Company, at its meeting held today, basis the recommendations of the Audit Committee and Independent Directors, has approved a scheme of arrangement ('Scheme') amongst Maharashtra Seamless Limited ('Demerged Company'/ 'MSL'), MSL Seamless Tubes Limited ('Resulting Company 1'/'MSTL') and United Seamless Limited ('Resulting Company 2'/'USL') together called as 'Resulting Companies' (wholly owned subsidiaries of MSL) and their respective shareholders and creditors ('Scheme') with an Appointed Date of 01st October 2026 in compliance with the provisions of Sections 230 to 232 read with other applicable sections/ provisions, if any, of the Companies Act, 2013 and the rules framed thereunder and further subject to the requisite approvals and sanction of the jurisdictional bench of National Company Law Tribunal ('NCLT') and also subject to the approval of the shareholders and / or creditors of MSL, Central Government, or such other competent authority or intermediaries or agencies etc., as may be directed by the NCLT