Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Change in Auditors of the company.
MANAKCOAT · price
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Manaksia Coated Metals & Industries Limited held its Board meeting on May 6, 2026 and approved several items. The company reported standalone net profit of Rs. 4,097.15 lakhs for FY26, nearly doubling from Rs. 1,564.37 lakhs in FY25, with total income of Rs. 89,626.97 lakhs. Revenue from operations grew to Rs. 88,446.42 lakhs from Rs. 78,162.76 lakhs. The Board recommended a final dividend of Rs. 0.05 per share (5%) for FY26, subject to shareholder approval at the AGM. The company appointed M/s Audittech 360 Financial Services as Internal Auditor and M/s S. Chhaparia & Associates as Cost Auditor for FY26-27. Additionally, Mr. Addanki Venkata Srinarayana was re-appointed as Wholetime Director for 3 years, and remuneration for Managing Director Sushil Kumar Agrawal, Wholetime Director Karan Agrawal, and Sr. VP Tushar Agrawal was increased, all subject to shareholder approval. Statutory auditors S. Bhalotia & Associates issued an unmodified opinion on the financial statements.
The strong profit growth and clean audit opinion are positive signals for investors. The modest dividend and auditor appointments indicate routine governance activity without concerns. Shareholders should note the AGM for dividend and remuneration approvals.