Outcome of the Board Meeting held on 07-05-2026
MANAKALUCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.6 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manaksia Aluminium Company reported audited standalone financial results for FY2026 with revenue from operations of Rs 56,390.67 lakh (up 10.75% from Rs 50,914.75 lakh in FY2025) and profit after tax of Rs 755.61 lakh (up 24.98% from Rs 604.58 lakh). The Board declared a dividend of Rs 0.05 per share (5% on face value). Statutory auditors M/s Dangi Jain & Co issued an unmodified opinion. The meeting also approved appointment of new Internal Auditor (M/s S. Bhalotia & Associates) and Cost Auditor (M/s S. Chhaparia & Associates) for FY2026-27. Notable Emphasis of Matter relates to GST demand orders of Rs 38.80 crore plus Rs 3.88 crore penalty, against which the Company has filed appeals.
Revenue growth of ~11% and PAT growth of ~25% indicates improving profitability. The unmodified audit opinion provides comfort on financial reporting quality. However, the Rs 42.68 crore GST demand represents a significant contingent liability though management believes no material outflow is likely. The dividend payout signals confidence in cash generation.