Manaksia Limited has informed the Exchange regarding 'Re-appointment of Internal Auditor of the Company for the Financial Year 2026-27'.
MANAKSIA · price
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Manaksia Limited's Board Meeting on May 29, 2026 approved the audited standalone and consolidated financial results for FY2026 (year ended March 31, 2026). Consolidated total income stood at Rs. 82,263.69 lakhs, a 4.7% increase from Rs. 78,536.89 lakhs in FY2025. However, profit after tax (PAT) declined to Rs. 5,292.27 lakhs from Rs. 5,812.38 lakhs in the previous year. Earnings per share (EPS) dropped to Rs. 7.99 from Rs. 8.54. The company re-appointed Agrawal Tondon & Co. as Internal Auditor for FY2026-27 and proposed re-appointing Mr. Suresh Kumar Agrawal as Managing Director for another three years starting November 23, 2026, subject to shareholder approval. Additionally, the demerger scheme for the metal products business into subsidiary Manaksia Ferro Industries Limited has received approval from BSE, NSE, and SEBI, and is pending NCLT clearance. Statutory auditors S K Agrawal and Co issued unmodified opinions on both standalone and consolidated results.
The decline in PAT and EPS despite higher revenue may concern investors in the near term. The upcoming shareholder vote on the Managing Director's re-appointment and the pending demerger scheme are key events to monitor. The company continues its international operations across Ghana, Nigeria, and other subsidiaries.