Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
MANAKCOAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manaksia Coated Metals reported strong FY2026 results with standalone revenue of Rs 8,962.69 crore (up 13% YoY) and net profit of Rs 540.25 crore, nearly doubling from Rs 196.40 crore in FY2025. The board approved a final dividend of Rs 0.05 per share (5% on face value of Re 1). It re-appointed Mr. Addanki Venkata Srinarayana as Wholetime Director for 3 years from May 30, 2026, and approved remuneration increases for Managing Director Mr. Sushil Kumar Agrawal, Wholetime Director Mr. Karan Agrawal, and Senior VP Mr. Tushar Agrawal. New internal auditor M/s Audittech 360 Financial Services and cost auditor M/s S. Chhaparia & Associates were appointed for FY 2026-27. Note: The exchange headline mentions 'Change in Director(s)' but the filing only documents a re-appointment, not any resignation or new appointment.
The company delivered near-doubled profitability year-on-year, which is positive for shareholders. Dividend payout is modest. No negative governance signals as the headline discrepancy about director change appears to be an error—the filing only shows re-appointment of an existing director.