Manaksia Aluminium Company Ltd

Manaksia Aluminium Company Limited — Closure of trading window for Directors, Designated Persons and their immediate relatives from 1 October 2026 till end of 48 hours after the declaration of the unaudited financial results for the quarter ended 30 September 2026.

AGM details

• Date and time: 22-09-2026, 01:30–02:33 PM; record date: 15-09-2026.

Key resolutions

• Ordinary: adoption of financial statements and reports.
• Ordinary: final dividend of Re 0.05 per share.
• Ordinary: re-appointment by rotation of Sunil Kumar Agrawal.
• Special: re-appointment of Managing Director Sunil Kumar Agrawal.
• Ordinary: ratification of remuneration to Cost Accountants for 2026-27.
• Ordinary: approval of material related party transactions with related parties.
• Ordinary: approval of related party transactions with Athena Deox and Alloys Private Limited.

Voting results

• All resolutions passed; strong approval from promoters and public.

AGM Details

• 16th AGM held on 22 September 2026 via VC/OAVM from 1:30 PM to 2:33 PM IST.
• Record/cut-off date for voting: 15 September 2026.
• Remote e-voting: 19–21 September 2026; e-voting at AGM for remaining members.
• Quorum confirmed; meeting chaired by the Chairman.

Resolutions put to vote

• Resolution 1 (Ordinary): Adopt annual audited financial statements and reports.
• Resolution 2 (Ordinary): Declare final dividend of Rs 0.05 per share.
• Resolution 3 (Ordinary): Re-appoint Sunil Kumar Agrawal as director on rotation.
• Resolution 4 (Special): Re-appoint Sunil Kumar Agrawal as Managing Director for 3 years.
• Resolution 5 (Ordinary): Ratify remuneration payable to S. Chhaparia & Associates for 2026-27.
• Resolution 6 (Ordinary): Approve material RPT with Metal Star Ceiling Panel Trading FZE up to Rs 250 crore.
• Resolution 7 (Ordinary): Approve material RPT with Athena Deox and Alloys Private Limited up to Rs 100 crore.

Voting status

• Outcome for Resolution 1 not disclosed; results to be announced within 2 working days.
• Outcome for Resolution 2 not disclosed; results to be announced within 2 working days.
• Outcome for Resolution 3 not disclosed; results to be announced within 2 working days.
• Outcome for Resolution 4 not disclosed; results to be announced within 2 working days.
• Outcome for Resolution 5 not disclosed; results to be announced within 2 working days.
• Outcome for Resolution 6 not disclosed; results to be announced within 2 working days.
• Outcome for Resolution 7 not disclosed; results to be announced within 2 working days.

Dividend

• Final dividend of Rs 0.05 per equity share proposed.

Director changes

• Re-appointment of Sunil Kumar Agrawal as director (ordinary).
• MD re-appointment for 3 years from 23 Nov 2026.

Auditor/remuneration

• Remuneration ratified for S. Chhaparia & Associates, Cost Accountants, for 2026-27.

Material related party transactions

• RPT with Metal Star Ceiling Panel Trading FZE approved up to Rs 250 crore.
• RPT with Athena Deox and Alloys Private Limited approved up to Rs 100 crore.

Financial snapshot

• Total revenue from operations: Rs 56,390.67 lakh.
• EBITDA: Rs 47.35 crore; EBITDA margin 8.40%.
• PAT: Rs 7.56 crore; PAT margin 1.34%.
• Earnings per share (basic): Rs 1.15.

Geography & product mix

• India revenue: Rs 24,751.59 lakh; Overseas: Rs 31,639.08 lakh.
• Exports contributed a major portion of turnover; domestic demand rising.

Dividend & capital allocation

• Final dividend proposed: Rs 0.05 per equity share (5%).
• Record date: 15 September 2026.
• Dividend payable within 30 days of AGM approval.
• No transfer to general reserve this year.

Debt & liquidity

• Total debt around Rs 241 crore at FY26 end.
• Net debt to equity: 1.57x.
• Cash and cash equivalents: Rs 236.18 lakh.

Capital structure & equity

• Paid-up equity capital: Rs 65.534 lakh.
• Total equity: Rs 1,423.49 crore.
• Promoters hold ~74.87% stake.

Subsidiaries & consolidation

• Two wholly owned subsidiaries: Manaksia Aluminium Inc. (USA) and Metal Star Ceiling Panel Trading FZE (UAE).
• Consolidated financials not prepared for the year due to pending share funds.

Governance & audit

• Statutory auditors: Dangi Jain & Co.
• Board committees: Audit; Nomination & Remuneration; Stakeholders Relationship.

Risks & outlook

• Industry risks include commodity price volatility and energy costs.
• Geopolitical and currency risks noted; management intends hedging and diversification.

CSR & other disclosures

• CSR spend: Rs 13.53 lakh; CSR obligation Rs 8.43 lakh; carry forward Rs 5.10 lakh.

KYC update and dematerialization

• Intimation to physical shareholders to furnish KYC details for updation per SEBI Regulations.
• RTA Maheshwari Datamatics Private Limited is designated for collecting KYC and ISR forms.
• Non-updation of PAN/address/mobile/bank details may trigger electronic-only dividend payments.
• If updates occur after April 1, 2024, dividends during the interim are paid automatically.
• Shareholders are advised to dematerialize shares and submit ISR-1/ISR-2 as applicable.
• Formats for KYC updation are available on company website and RTA portal.
• Submission can be made through post or electronic signing as per RTA directions.

Clarification on price movement

• States compliance with SEBI LODR and disclosure of all price-sensitive information within timelines; no undisclosed material event.

Managing Director Re-appointment

• Re-appointment of Mr. Sunil Kumar Agrawal as Managing Director for three years from 23 November 2026.
• Reason: recommendations of Nomination & Remuneration Committee and approval of Audit Committee.
• Term: three years, liable to retire by rotation.
• Effective date: w.e.f. 23 November 2026.
• Profile: Commerce graduate; MD since 2014; extensive manufacturing and factory administration experience.
• Disclosure: Sunil Kumar Agrawal is father of Anirudha Agrawal.
• Compliance: not debarred from holding office by SEBI or other authority.
• Impact: no reported changes to board/committee composition.