Manaksia Coated Metals Announces Q1 Results and Approves Key Leadership Appointments
Manaksia Coated Metals & Industries Limited has announced key outcomes of its Board meeting held on July 14, 2026. The decisions included the approval of un-audited financial results for the first quarter ended June 30, 2026, along with several appointments and administrative approvals in preparation for the upcoming Annual General Meeting (AGM).Financial Performance Overview
The company released its Unaudited Financial Results for Q1 ended June 30, 2026. These results were reviewed by S Bhalotia & Associates, Statutory Auditors of the Company.For the quarter ending June 30, 2026, the Standalone financial figures were as follows:
- Total Income: ₹26,303.94 Lacs
- Total Expenses: ₹24,405.14 Lacs
- Profit before tax (after exceptional items): ₹1,898.80 Lacs
The company also provided comparative results for the Q1 ended June 30, 2025, which were as follows: Total Income of ₹24,978.48 Lacs and Total Expenses of ₹17,810.64 Lacs.
| Metric | Q1 Ended June 30, 2026 (Unaudited) | Q1 Ended June 30, 2025 (Audited) |
|---|---|---|
| Revenue from Operations | ₹26,214.09 Lacs | ₹24,980.22 Lacs |
| Total Income | ₹26,303.94 Lacs | ₹25,393.86 Lacs |
| Total Expenses | ₹24,405.14 Lacs | ₹23,524.27 Lacs |
Governance and Leadership Appointments
The Board meeting also approved the re-appointment of two key directors:- Mr. Sushil Kumar Agrawal (DIN: 00091793) was re-appointed as Managing Director for a period of three years, effective from November 23, 2026, subject to shareholder approval at the ensuing AGM.
- Mr. Karan Agrawal (DIN: 05348309) was re-appointed as Whole-time Director for a period of three years, effective from November 17, 2026, also subject to shareholder approval.
The company has also announced the appointment of Mr. Devansh Agrawal as Vice-President Business Development. This position is associated with a remuneration of ₹8,00,000/- per month, effective July 1, 2026, and is subject to shareholder approval at the AGM.
AGM Details and Policy Adoptions
The Board took several decisions regarding corporate governance and future events:- Annual General Meeting (AGM): The company decided to conduct its 16th Annual General Meeting on Thursday, September 3, 2026, starting at 11:30 a.m. via Video Conferencing or other audio-visual means.
- Record Dates: August 27, 2026, was set as the cutoff date to record shareholders entitled to vote through remote e-voting for the AGM, and also as the record date for receiving any final dividend.
- Policy Updates: The company adopted revised policies concerning the 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' and a related policy regarding inquiry into suspected leaks of such information.
The Board meeting concluded at 4:00 p.m.
MANAKCOAT Stock Price Movement
Manaksia Coated Metals & Industries Limited shares are shedding value in live trading, currently dipping 7.08% at ₹120 as of 1:03 PM. The equity is seeing heavy activity, with over 1.09 million shares exchanging hands during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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