Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2025
MANAKCOAT · price
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Awaiting price reaction for this filing.
The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue rose to Rs. 24,978.48 lakhs, up about 29% from Rs. 19,378.21 lakhs in the same quarter last year. Net profit jumped sharply to Rs. 1,410.08 lakhs from Rs. 304.45 lakhs, aided by an exceptional item of Rs. 121 lakhs. Basic EPS stood at Rs. 1.49 versus Rs. 0.41 a year ago. The board fixed September 16, 2025 for the 15th AGM (via video conferencing) and set September 9, 2025 as the cut-off date for e-voting and final dividend eligibility. A new Internal Auditor (Audittech 360) and a new Secretarial Auditor (M & A Associates, for 5 years) were appointed. The board also approved a scheme to merge its wholly owned subsidiary JPA Snacks Pvt Ltd into the company to simplify the group structure, which will not change the shareholding pattern since no new shares will be issued.
Strong topline and profit growth in Q1 is a positive signal for shareholders, though the presence of an exceptional item means part of the profit boost is non-recurring. The amalgamation with a dormant wholly owned subsidiary is housekeeping and should have no material impact on the stock. The AGM and dividend record dates are routine compliance items.