Manaksia Limited has informed the Exchange about 41st Annual General Meeting (AGM) of the members of Manaksia Limited will be held on Tuesday, 23rd September, 2025 at 12:30 P.M. through Video Conferencing / Other Audio Visual Means
MANAKSIA · price
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Awaiting price reaction for this filing.
Manaksia Limited's board, at its meeting on 30th July 2025, approved unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). On a consolidated basis, revenue rose to Rs. 10,512.61 lakhs from Rs. 9,366.93 lakhs a year earlier, with profit before tax of Rs. 2,012.50 lakhs (vs Rs. 1,850.02 lakhs in Q1 FY25). Standalone revenue, however, dropped sharply to Rs. 1,244.01 lakhs from Rs. 3,122.48 lakhs, with standalone PBT at Rs. 40.91 lakhs vs Rs. 294.16 lakhs, likely reflecting the proposed demerger of the metal products business. The 41st Annual General Meeting is scheduled for 23rd September 2025 at 12:30 PM via video conferencing, with 16th September 2025 as the e-voting cut-off date. MKB & Associates has been appointed as Secretarial Auditor for five years (FY26 to FY30), subject to shareholder approval. The filing also confirms the demerger scheme of the metal products business into Manaksia Ferro Industries has been cleared by BSE, NSE and SEBI and is now pending NCLT approval.
The strong consolidated growth is the key positive, driven by subsidiaries, while the standalone decline appears tied to the ongoing metal products demerger, which is progressing through NCLT. For shareholders, the AGM will seek approval for the demerger and the new secretarial auditor; the Q1 numbers are broadly in line with the restructuring narrative and unlikely to surprise the market negatively.