Manaksia Steels Limited has informed the Exchange about 24th Annual General Meeting (AGM) of the members of Manaksia Steels Limited will be held on Tuesday, 23rd September, 2025 at 03:00 P.M. through Video Conferencing / Other Audio Visual Means..
MANAKSTEEL · price
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Manaksia Steels Limited announced strong Q1 FY26 results with standalone PAT nearly tripling to Rs. 6.35 crore versus Rs. 2.33 crore in the same quarter last year, while total income rose about 27% to Rs. 203.48 crore. Consolidated PAT grew even more sharply to Rs. 6.49 crore from Rs. 1.63 crore, supported by a new Aluzinc Coated Steel Line commissioned on 10th June 2025. The Board approved adding a second Colour Coating Line at its Haldia unit, taking total capacity from 48,000 MT to 1,38,000 MT per annum at an investment of about Rs. 40 crore to be funded through internal accruals by Q4 FY26. The Board also fixed the 24th AGM for 23rd September 2025 via video conferencing, re-appointed Mrs. Nidhi Baheti as Independent Director for 5 years, appointed MKB & Associates as Secretarial Auditors for FY 2025-26 to 2029-30, and adopted a new company logo.
The strong profit growth, 100% capacity utilization, and a Rs. 40 crore capacity expansion funded entirely from internal accruals signal robust demand and a healthy balance sheet, likely to be viewed positively by shareholders. The annual results and expansion plan could support investor confidence in the stock.