Manaksia Aluminium Company Limited has informed the Exchange regarding Change in Auditors of the company.
MANAKALUCO · price
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Manaksia Aluminium's board met on August 8, 2025 and approved multiple items. Q1 FY26 (quarter ended June 30, 2025) revenue from operations jumped to ₹13,441.44 lacs from ₹8,171.69 lacs in Q1 FY25, a growth of about 64% year-on-year. Net profit more than doubled to ₹155.77 lacs (from ₹71.29 lacs), with EPS at ₹0.24 versus ₹0.24. The board proposed a final dividend of Re 0.07 per share (7%) for FY25, subject to shareholder approval. The 15th AGM is scheduled for September 16, 2025, with September 9, 2025 as the record date. Two directors were re-appointed: Mr. Shuvendu Sekhar Mohanty as Independent Director (2nd term, 5 years) and Mr. Anirudha Agrawal as Whole-time Director (3 years). The company also appointed Mr. Asit Kumar Labh as the new Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30).
Strong Q1 results with revenue up 64% and profits up 118% year-on-year are a positive signal for shareholders, though absolute profit remains modest. The 7% dividend is small but consistent. The auditor/board changes are routine governance updates, not red flags.