Manaksia Ltd

Manaksia Ltd Trading Window Closure from 1 October 2026 till the end of 48 hours after the announcement by the Company of the Un-audited Financial Results for the quarter and half year ended 30 September 2026

Managing Director Re-appointment

• Shareholders approved re-appointment of Mr. Suresh Kumar Agrawal as Managing Director for 3 years from Nov 23, 2026.
• Term approved following Nomination and Remuneration Committee and Board support.
• Mr. Agrawal (73) holds chemical engineering degree with ~40 years in packaging.
• Re-appointment is effective from 23 November 2026.

AGM Details

• AGM held on 23 Sep 2026 via VC/OAVM; start 12:30 PM, end 1:18 PM.
• Record date 16 Sep 2026; total shareholders on record 33,864.
• Attendance: Promoter group 7 and Public 123 attended via VC.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements.
• Resolution 2 (Ordinary): Re-appointment of Varun Agrawal by rotation.
• Resolution 3 (Special): Re-appointment of Suresh Kumar Agrawal as MD for three years from 23 Nov 2026.

Voting Results

• Resolution 1 passed with 99.9992% in favour; 0.0008% against.
• Resolution 2 passed; in favour 98.7848%; against 1.2152%.
• Resolution 3 passed; in favour 98.8439%; against 1.1561%.

Director Changes

• Varun Agrawal re-appointed as Director by rotation.
• Suresh Kumar Agrawal re-appointed as MD for three years from 23 Nov 2026.

AGM Details

• Held on 23 September 2026 at 12:30 PM IST via VC/OAVM.
• Concluded at 01:18 PM IST; quorum confirmed.
• Attended by 130 members via VC/OAVM.

Key Resolutions

• Ordinary: Adopt standalone financial statements for year ended 31 March 2026.
• Ordinary: Adopt consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Varun Agrawal, retiring by rotation.
• Special: Re-appointment of Suresh Kumar Agrawal as Managing Director.

Voting Results

• Outcomes to be declared after Scrutinizer’s report.
• Results to be hosted on company and NSDL websites.

Director Changes

• Varun Agrawal retires by rotation and seeks re-appointment.
• Suresh Kumar Agrawal re-appointed as Managing Director.

Financial snapshot

• Consolidated revenue from operations: ₹78,409.13 Lakh (FY25-26).
• EBITDA: ₹7,983.35 Lakh.
• PAT: ₹5,234.43 Lakh.
• EPS: ₹7.99 per share.
• Net worth: ₹72,268.86 Lakh; debt-to-equity: -0.53x.
• Interest coverage: 21.78x.
• Dividend: no dividend declared for FY25-26.

Segment performance

• Metals (external turnover): ₹69,279.95 Lakh.
• Packaging (external turnover): ₹9,042.96 Lakh.
• Others: ₹86.21 Lakh.
• Metals PBIT: ₹3,566.28 Lakh; Packaging PBIT: ₹1,116.61 Lakh; Others: ₹20.68 Lakh.
• Unallocated corporate expenses: ₹(356.18) Lakh.

Capital investments & projects

• Zinc Aluminium Alloy coating line: USD 5 million investment.
• Line capacity: ~60,000 MTPA; commissioning targeted Q4 CY2026.
• Financed entirely through internal accruals; no long-term debt.
• Fixed assets across manufacturing: ₹284.74 Crore.

Debt, liquidity & capital structure

• Consolidated net debt to equity: -0.53x.
• Net debt position: negative ₹38,471.96 Lakh (net cash).
• Total borrowings: ₹3,037.26 Lakh.
• Cash & cash equivalents: ₹3,279.70 Lakh.

Governance & strategy

• MD Suresh Kumar Agrawal reappointed for 3 years (Nov 23, 2026–Nov 22, 2029); subject to shareholder approval.
• No board composition changes; independent directors continue; robust governance.
• Demerger scheme: metal products to Manaksia Ferro Industries Limited; awaiting NCLT.
• Material subsidiaries: MINL Limited, Jebba Paper Mills Limited; secretarial audit conducted.

CSR & ESG

• CSR spend: ₹27.51 Lakh; CSR obligation: ₹26.76 Lakh; excess ₹0.75 Lakh.
• Education remains CSR priority; two new education initiatives; animal welfare support.
• Three CSR committee meetings; governance oversight intact.

Outlook & risks

• FY2026-27 revenue growth target: 10-15%.
• Zinc Aluminium Alloy line commissioning expected CY2026; fuller impact from FY2026-27 onward.
• Nigeria macro: gradual recovery; currency stabilisation reduces cost volatility.