Manaksia Aluminium Company Approves Dividend and Re-appoints Managing Director at Board Meeting

Manaksia Aluminium Company Approves Dividend and Re-appoints Managing Director at Board Meeting​

Manaksia Aluminium Company Limited confirmed key decisions following its Board of Directors meeting held on August 11, 2026. The board reviewed the un-audited financial results for the quarter ending June 30, 2026, approved a proposed final dividend, and sanctioned the re-appointment of Mr. Sunil Kumar Agrawal as Managing Director for another three years.

The company also set crucial dates for upcoming shareholder events. The Board decided that the 16th Annual General Meeting (AGM) will be held on September 22, 2026, conducted via Video Conferencing or other audio visual means. Furthermore, September 15, 2026, was approved as the record date for shareholders entitled to vote and receive the final dividend.

Regarding corporate governance, the Board of Directors proposed a final dividend of Re. 0.05/- (or 5%) per equity share against the face value of Re. 1/- for the financial year 2025-26, pending shareholder approval at the AGM. In addition, Mr. Sunil Kumar Agrawal was approved for re-appointment as Managing Director for a term of three years, effective November 23, 2026, subject to shareholders’ consent.

Mr. Agrawal, who is a Commerce Graduate and has been associated with the company since November 23, 2014, has committed his services based on the recommendation of the Nomination & Remuneration Committee and approval of the Audit Committee. His professional profile notes that he has wide experience and knowledge in overall business management, manufacturing, and factory administration. Mr. Agrawal is also noted as the father of Mr. Anirudha Agrawal.

The un-audited financial results for the quarter ended June 30, 2026, were adopted by the Board and reviewed by statutory auditors Dangi Jain & Co., Chartered Accountants.

Q1 FY 2026 Financial Highlights (Amounts in Rs. Lacs)​

The company also noted that it has filed an appeal against a demand order received concerning erroneous Goods and Services Tax (GST), noting that the management believes there is no material liability at this stage given the pending appeal. The company has incorporated overseas entities, including Manaksia Aluminium Inc. in Delaware, USA, and Metal Star Celling Panel FZE in UAE, with consolidated financials not being prepared for the current quarter due to undeposited share application money.

MANAKALUCO Stock Price Movement​

Manaksia Aluminium Company Limited shares slipped by 1.55% to settle at ₹42.47 on Tuesday. The stock traded within a range of ₹41.59 to ₹44.49, with 266,909 shares changing hands during the session.