Manaksia Steels Limited has informed the Exchange regarding 'Appointment of M/s. JMNR & Associates (FRN: E300297) as Internal Auditor of the Company for the Financial Year 2026-27'.
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Manaksia Steels Limited held its Board meeting on May 22, 2026, approving audited financial results for FY 2025-26. The company reported strong growth with standalone revenue of Rs 1,05,319.18 lakhs (vs Rs 58,418.09 lakhs in FY 2025) and consolidated revenue of Rs 1,13,110.30 lakhs. Standalone PAT more than tripled to Rs 3,816.95 lakhs from Rs 1,170.26 lakhs, while consolidated PAT reached Rs 3,991.84 lakhs. The Board appointed M/s. JMNR & Associates as Internal Auditors for FY 2026-27 and re-appointed M/s. B. Mukhopadhyay & Co. as Cost Auditors. Statutory auditors S K Agrawal & Co. issued an unmodified opinion on both standalone and consolidated financial results.
Strong financial performance with more than 3x PAT growth signals operational efficiency. Appointment of new internal auditor is routine and should not impact shareholder value.