Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
MANAKCOAT · price
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Awaiting price reaction for this filing.
The Board of Manaksia Coated Metals approved audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2025, with the statutory auditors issuing an unmodified (clean) opinion. A final dividend of Re. 0.05 per share (5% on face value of Re. 1) has been recommended, subject to shareholder approval. The Board also appointed B. Chhawchharia & Co. as Internal Auditor and S. Chhaparia & Associates as Cost Auditor for FY25-26, and inducted Mr. Pritam Pal as Additional Non-Executive Non-Independent Director. Notably, the Board took on record a cautionary letter received from both BSE and NSE, referring to an earlier communication dated March 28, 2025. FY25 results include an exceptional item of Rs. 121 lacs; consolidated profit for the year grew to roughly Rs. 19.38 crore from Rs. 14.91 crore, a ~30% jump driven mainly by lower total expenses.
Small dividend of 5% offers limited yield to shareholders, while the consolidated ~30% PAT growth is a positive earnings signal. The cautionary letter from both exchanges is a minor governance flag investors should watch for further developments. Overall, the clean auditor opinion and stronger consolidated earnings may provide modest support to the stock.