Manaksia Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
MANAKSIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manaksia Limited conducted a Postal Ballot through e-voting from February 13, 2026 to March 14, 2026, to seek shareholder approval for five material related party transactions for FY 2026-27. The resolutions covered transactions between MINL Limited (wholly-owned subsidiary) and Manaksia Steels Limited, MINL Limited and Sumo Steels Limited, the company and Sumo Steels Limited, the company and Manaksia Steels Limited, and Manaksia Ferro Industries Limited (wholly-owned subsidiary) and Manaksia Steels Limited. Out of 65,534,050 total shares, 2,068,390 shares (3.16%) were polled, with promoters not voting as they are interested parties. All five resolutions passed with 99.85% votes in favour and just 0.15% against, with zero invalid votes. The scrutinizer, Pammy Jaiswal of Vinod Kothari & Company, confirmed the results on March 17, 2026.
All five material related party transactions for FY 2026-27 have been cleared by shareholders, allowing Manaksia to proceed with these deals. The overwhelming approval (99.85%) shows strong shareholder support, though the low overall polling (3.16%) means the result essentially reflects institutional and public investor sentiment.