Manaksia Limited has informed the Exchange about Shareholders meeting
MANAKSIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manaksia Limited held a shareholders' meeting on January 10, 2026, as directed by the NCLT Kolkata Bench (order dated November 17, 2025), to seek approval for a Scheme of Arrangement between Manaksia Limited, Manaksia Ferro Industries Limited, and their respective shareholders and creditors. The meeting was conducted via video conferencing, chaired by Mr. Kuldip Mullick (Advocate) as directed by the NCLT. Out of 35,743 shareholders on record date (January 3, 2026), 106 members attended. Shareholders raised queries which were addressed by Managing Director Suresh Kumar Agrawal. The resolution requires special majority under Section 230(6) of the Companies Act, 2013. Voting results are awaited and will be filed separately upon receipt of the Scrutinizer's report.
This is a procedural update on a related-party scheme — voting results are pending and will determine next steps. A successful approval could lead to restructuring between the two Manaksia entities, potentially affecting shareholding structure and business operations.