Manaksia Coated Metals & Industries Limited has informed the Exchange about Copy of Newspaper Publication
MANAKCOAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manaksia Coated Metals & Industries Limited has filed newspaper advertisements published on 8 May 2026 in Business Standard (English) and Ekdin (Bengali) newspapers. The notices pertain to meetings of Shareholders, Secured Creditors, and Unsecured Creditors, convened pursuant to an NCLT Kolkata Bench order dated 24 April 2026. The company is likely undergoing a corporate insolvency resolution process or restructuring under the IBC framework. Details include e-voting facilities, cut-off dates for equity shareholder voting (1 June 2026), and contact details for the resolution professional. The company also refers to earlier proceedings under Section 13(2) of the IBC and related DRT auction notices for secured creditors.
This filing signals that Manaksia Coated Metals is undergoing a formal creditors' meeting process under NCLT/IBC, which typically indicates financial distress or a restructuring exercise. Shareholders and creditors should monitor outcomes closely as resolutions passed at these meetings can significantly impact ownership structure and debt obligations.