Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Board meeting held on July 22, 2025.
MANAKCOAT · price
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On the reaction day the stock moved 9.8 pts more than Nifty Microcap 250 and 9.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manaksia Coated Metals reported strong Q1 FY26 (quarter ended June 30, 2025) results, with standalone revenue from operations rising to ₹24,978 lakhs from ₹19,378 lakhs in Q1 FY25, a growth of about 29%. Net profit jumped sharply to ₹1,410 lakhs from ₹304 lakhs, boosted by an exceptional item of ₹121 lakhs and improved margins in the metal products segment. EPS rose to ₹1.49 (basic) from ₹0.41. The Board fixed September 16, 2025 as the date for the 15th AGM (via video conferencing), with September 9, 2025 as the record date for dividend and e-voting eligibility. New internal auditor (Audittech 360) and secretarial auditor (Anil Kumar Dubey for 5 years) were appointed. The Board also approved a scheme of amalgamation of its wholly owned subsidiary JPA Snacks Private Limited (a dormant snacks company) with itself, which will not change the shareholding pattern.
Strong quarterly earnings growth, supported by core metal products business and an exceptional item, should be viewed positively by shareholders. The amalgamation is a housekeeping exercise involving a dormant subsidiary and has no material impact on shareholders or shareholding pattern.