The Board of Directors of the Company at its meeting held today i.e. 29th May, 2026, which commenced at 04:00 P.M. and concluded at 05:30 P.M. have inter alia transacted the following business(es): (a) ....
MANAKSIA · price
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Manaksia Ltd's Board of Directors met on 29th May 2026 and approved the audited standalone and consolidated financial results for Q4 and FY ended 31st March 2026. Standalone revenue from operations stood at Rs. 17,306.15 Lacs (up from Rs. 16,582.69 Lacs), while consolidated revenue grew to Rs. 78,409.13 Lacs from Rs. 73,104.83 Lacs. Standalone net profit after tax declined to Rs. 5,292.27 Lacs from Rs. 5,812.38 Lacs in the previous year. However, total comprehensive income surged significantly to Rs. 15,109.73 Lacs (vs Rs. 2,402.17 Lacs) mainly due to foreign currency translation gains. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also re-appointed Mr. Suresh Kumar Agrawal as Managing Director for 3 years from 23rd November 2026 (subject to shareholder approval) and re-appointed Agrawal Tondon & Co. as Internal Auditor for FY 2026-27. A demerger scheme for the Metal Product business into Manaksia Ferro Industries Limited is pending NCLT approval.
Positive signals include clean audit opinion and revenue growth, though standalone profitability declined year-on-year. The demerger proposal pending regulatory approval could be a future catalyst for shareholder value.