Re-appointment of Mr. Suresh Kumar Agrawal as Managing Director of the Company for a further period of three years w.e.f. 23rd November, 2026 subject to the approval of shareholders
MANAKSIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manaksia Ltd's Board approved the re-appointment of Mr. Suresh Kumar Agrawal (72 years, DIN: 00520769) as Managing Director for another three-year term starting November 23, 2026, subject to shareholder approval at the ensuing AGM. The company also reported strong FY2026 results with standalone revenue of Rs 17,306.15 Lacs and consolidated revenue of Rs 78,409.13 Lacs. Standalone PAT stood at Rs 576.30 Lacs while consolidated PAT was Rs 5,292.27 Lacs. Statutory auditors S K Agrawal and Co issued unmodified opinions on both standalone and consolidated financial results. The company also re-appointed Agrawal Tondon & Co as Internal Auditor for FY 2026-27.
Continuity in leadership is positive for stability. The family connection (sons Varun Agrawal as Non-Executive Director) maintains the Agrawal family's control over operations, which may appeal to existing shareholders but limits board independence.