Manaksia Limited has informed the Exchange regarding 'Finacial Results for the quarter ended 30th June, 2025'.
MANAKSIA · price
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manaksia Limited's board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025) at a meeting held on 30 July 2025. The results have been reviewed by statutory auditors S K Agrawal & Co, who issued an unqualified limited review report. Consolidated net segment revenue stood at Rs 70,835.31 lakhs, compared with Rs 67,160.46 lakhs in the corresponding quarter of the previous year. The company also announced its 41st AGM will be held on 23 September 2025 via video conferencing, with 16 September 2025 set as the e-voting cut-off date. Additionally, M/s MKB & Associates was appointed as Secretarial Auditor for a five-year term (FY26 to FY30). The demerger of the Metal Products business into wholly-owned subsidiary Manaksia Ferro Industries Limited, which has already received BSE, NSE, and SEBI approval, is now pending NCLT clearance.
Routine quarterly results filing with no negative auditor qualifications. Shareholders should note the ongoing metal business demerger, which could materially reshape the company's structure once NCLT approval is received, and the prior-year exceptional loss from Nigerian currency devaluation that affected FY25 consolidated profits.