Manaksia Coated Metals & Industries Ltd

Meeting Details

• Date and time: September 29, 2026, 2:00–2:30 p.m., virtual.
• Type and mode: Analyst/Institutional investors group meeting conducted virtually.
• Organiser: Arihant Capital Markets.
• Key participants: Company Management.
• Purpose: Investor interaction to discuss company updates.
• Note: No UPSI was shared during the interactions.

Meeting details

• Date and time: Sep 28, 2026, 10:00–11:00 a.m.
• Type and mode: Analyst/Institutional Investors meeting, virtual.
• Organiser: Hosted by Arihant Capital Markets.
• Company participants: Management attended.
• Purpose: Investor interaction with analysts/institutional investors.

Manaksia Coated Metals & Industries Ltd trading window to close from Oct 1, 2026 until 48 hours after the declaration of audited financial results for the quarter and half-year ended Sept 30, 2026

Meeting Details

• Virtual group investor meeting on Mon, Sep 28, 2026 at 10:00 a.m.; Mumbai hosted by Arihant Capital Markets.

Participants

• Company management will interact with analysts and institutional investors.

Purpose

• To engage with analysts and institutional investors.

AGM Details

• 16th AGM conducted on 3 September 2026 via Video Conferencing/Other Audio Visual Means.

AGM Details

• Date and mode: 3 September 2026, via VC/OAVM.
• Time: 11:30 AM to 1:01 PM IST.
• Remote e-voting window: 31 Aug to 2 Sep 2026.
• Voting-rights cut-off: 27 August 2026.

Resolutions Put to Vote

• Ordinary: Adopt annual audited financial statements and reports; outcome: to be declared.
• Ordinary: Declare final dividend of 5% per equity share; outcome: to be declared.
• Ordinary: Re-appoint director retiring by rotation; outcome: to be declared.
• Special: Ratify remuneration of Cost Auditors for FY ending 31 March 2027; outcome: to be declared.
• Special: Approve re-appointment of Venkata Srinarayana Addanki as Whole-Time Director; fix remuneration; outcome: to be declared.
• Special: Approve re-appointment of Sushil Kumar Agrawal as Managing Director; outcome: to be declared.
• Special: Approve re-appointment of Karan Agrawal as Whole-Time Director; outcome: to be declared.
• Special: Approve revision in remuneration of Sushil Kumar Agrawal, MD; outcome: to be declared.
• Special: Approve revision in remuneration of Karan Agrawal, WTD; outcome: to be declared.
• Special: Approve revision in remuneration of Tushar Agrawal, Senior Vice-President; outcome: to be declared.
• Special: Appoint Devansh Agrawal as Special Vice-President, Business Development at ₹8,00,000 per month; outcome: to be declared.

Director & KMP Changes

• Karan Agrawal to be re-appointed by rotation.
• Sushil Kumar Agrawal re-appointed as Managing Director.
• Venkata Srinarayana Addanki re-appointed as Whole-Time Director; remuneration to be fixed.
• Devansh Agrawal appointed as Special Vice-President, Business Development.

Shareholder communications

• Company issued letters to shareholders without registered email addresses directing access to AGM notice and annual report online.
• 16th AGM scheduled for 3 September 2026 at 11:30 IST via VC/OAVM.
• Electronic copies of AGM notice and FY2025-26 annual report are being sent to registered email addresses.
• Shareholders without registered emails are advised to access the AGM documents via the company's or exchanges' websites.
• KYC details should be updated with DP or RTA to ensure future communications.
• Notice and Annual Report available on the company's website and exchange portals, including NSDL EVoting.

KYC updation for physical shareholders

• Intimation to physical-shareholders to furnish KYC details per SEBI regulations.
• RTA Maheshwari Datamatics to collect PAN, address, mobile, bank details, and specimen signature.
• Non-updated PAN/mobile/bank details trigger electronic dividend payments from 1-Apr-2024.
• Dividends from 1-Apr-2024 to updation date paid after updation.
• Submit KYC ISR-1/ISR-2 forms and supporting documents via post or email.
• Dematerialization of physical shares is mandatory; transfers will not be processed without dematerialization.
• KYC formats and ISR forms available on company and RTA websites.
• Submission addresses: postal to Maheshwari Datamatics in Kolkata; electronic to mdpldc@yahoo.com.

Overview & Financials

• FY26 total income ₹896.27 cr; revenue from operations ₹884.48 cr.
• EBITDA ₹92.21 cr; EBITDA margin 10.29%.
• PAT ₹40.69 cr; PAT margin 4.54%; EPS ₹4.32.
• ROCE 18.68%; debt-equity 1.13x; net debt/EBITDA 1.06x.
• Exports constitute 68.21% of revenue; export volume 69,065 MT.
• Capacity expanded to 180,000 MTPA Alu-Zinc; PV line 86,000 MTPA.
• Final dividend ₹0.05 per share; subject to AGM approval.
• Export markets span 22+ countries; 240+ active customers.

Operations & Capacity Expansion

• Alu-Zinc line upgraded to 180,000 MTPA in FY26.
• Second Colour Coating Line approved; adds 150,000 MTPA to total 236,000.
• Pre-painted capacity 86,000 MTPA; utilisation 97.2%.
• 7 MW captive solar plant; meets 50-55% of grid power.
• Second Alu-Zinc line capex ~₹150 cr; CRM complex ₹200 cr.
• CRM & MES/Salesforce to boost demand forecasting and execution.
• Annual revenue potential ₹2,500-₹2,700 cr at optimum utilisation.
• Coating lines utilisation: PV 97.2%, Alu-Zinc 71.6%.

Markets & Growth

• Exports drive growth; export volume 69,065 MT in FY26.
• Exports account for 68.21% of revenue; 22+ countries.
• India-EU Free Trade Agreement could improve access.
• CBAM regulatory requirements; cleaner manufacturing imperative.
• Premiumisation focus; Alu-Zinc commands premium over galvanised steel.
• Customer base 240+ across 20 states; long-term OEM relationships.
• Expansion into Americas and Europe via Alu-Zinc adoption.

Capital & Funding

• Raised ₹161.22 cr via two preferential allotments in FY26.
• Funds allocated to Alu-Zinc upgrade and second Colour Coating Line.
• Equity warrants: 2,24,00,000 issued; 25% upfront paid.
• Total warrants raised funds utilized about ₹80.36 cr.
• Current ratio 1.75x; cash ₹33.91 cr.
• Order book ₹375 cr; ~80% long-term export OEM relationships.
• Net debt/EBITDA improved to 1.06x; ROCE 18.68%.

Dividend & AGM

• 16th AGM on 3 Sep 2026 via VC/OAVM.
• Final dividend ₹0.05 per share; TDS as applicable.
• Cut-off date 27 Aug 2026; remote e-voting 31 Aug–2 Sep 2026.
• Agenda includes standalone and consolidated statements; remuneration approvals.
• Notice posted on company website; proxies not allowed due to VC/OAVM.
• Voted via NSDL e-voting; results to be published on website.

Governance & Audits

• Board: 7 directors; 3 Independent; key year changes.
• Debasis Banerjee resigned 01 Apr 2025; Siddhartha Sengupta died 23 May 2025; Pritam Pal joined 14 May 2025.
• Statutory auditor: S. Bhalotia & Associates; Secretarial auditor: M&A Associates.
• Internal auditor: Audittech 360; four-member Audit Committee.
• Remuneration policy aligned with Schedule V; no ESOP.
• Whistleblower policy; compliance with Code of Conduct; certifications on record.

Risks & Outlook

• Commodity price and energy cost volatility; pricing discipline needed.
• FX risk hedging; export operations provide natural forex inflows.
• CBAM and regulatory shifts; need clean, compliant production.
• FY27 revenue target above ₹1,000 cr; Vision FY29 triple growth.

CSR & Sustainability

• CSR spend ₹39.69 lakh; minimum obligation ₹26.64 lakh; carry forward ₹13.05.
• Zero liquid discharge; 150 trees planted yearly.
• 7 MW captive solar plant; annual power savings ~₹7 crore.
• Greener products; CBAM alignment; renewable energy investments.