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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On the reaction day the stock moved 7.0 pts less than Nifty Microcap 250 and 6.6 pts less 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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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.