Re-appointment of B. Mukhopadhyay & Co. as Cost Auditors for the FY 2026-27

MANAKSTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+9.6%1-day move

₹66.00

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₹68.92

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AI summary

Manaksia Steels Limited's Board meeting on 22 May 2026 approved the audited standalone and consolidated financial results for FY 2025-26. Standalone PAT was Rs 381.70 lakh (vs Rs 117.03 lakh in prior year), while consolidated PAT was Rs 399.18 lakh. The statutory auditors issued an unmodified opinion. The Board also appointed M/s. JMNR & Associates as new Internal Auditors for FY 2026-27 and re-appointed M/s. B. Mukhopadhyay & Co. as Cost Auditors for the same period. The consolidated results include subsidiaries in Nigeria, with the prior year exceptional item reflecting foreign exchange losses from Nigerian currency devaluation.

Likely market impact

Strong financial performance with near-tripling of standalone profit year-on-year. Routine auditor appointments signal normal operations. The stock trades on NSE (MANAKSTEEL) and BSE (539044) with clean audit opinion supporting financial credibility.