Manaksia Limited has informed the Exchange regarding 'Re-appointment of Mr. Suresh Kumar Agrawal as Managing Director for a further period of three years w.e.f. 23rd November, 2026 subject to the approval of the shareholders'.
MANAKSIA · price
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Manaksia Limited's Board meeting on 29th May 2026 approved the re-appointment of Mr. Suresh Kumar Agrawal (72 years, Chemical Engineer from Punjab University with ~40 years experience) as Managing Director for three years starting 23rd November 2026, pending shareholder approval at the AGM. The Board also adopted audited financial results for FY 2025-26 showing consolidated revenue from operations of Rs. 7,841 million and a consolidated profit before tax of Rs. 706 million. The company has multiple subsidiaries across India, Ghana, and Nigeria. Internal auditor Agrawal Tondon & Co was also re-appointed for FY 2026-27. Statutory auditors S K Agrawal & Co issued unmodified opinions on both standalone and consolidated results.
Continuity in leadership with a senior executive; however, the promoter-family succession dynamic (son's presence on board) may attract investor attention regarding governance structure.