Manaksia Coated Metals Announces Q1 Results; Board Approves Re-appointment of Key Directors

Manaksia Coated Metals Announces Q1 Results; Board Approves Re-appointment of Key Directors​

Manaksia Coated Metals & Industries Limited announced its un-audited financial results for the first quarter ending June 30, 2026. The results were presented at a Board Meeting held on July 14, 2026, alongside several key corporate governance decisions and management appointments.

The company also confirmed the re-appointment of Mr. Sushil Kumar Agrawal as Managing Director and Mr. Karan Agrawal as Whole-time Director. Furthermore, the Board approved the appointment of Mr. Devansh Agrawal as Vice-President Business Development.

Q1 Financial Performance Overview​

Manaksia Coated Metals released un-audited financial results for both standalone and consolidated figures for the three months ended June 30, 2026.

Key performance indicators from the Unaudited Standalone Results are detailed below:


For the consolidated segment, the results showed:


The Unaudited Consolidated Financial Results included the company's share of total revenue of Rs. 2.69 lakhs and a net profit/(loss) after tax of (-) Rs 6.25 lakhs from the subsidiary mentioned in the results.

Director Re-appointments and New Appointment​

During the meeting, the Board approved the re-appointment of two directors: Mr. Sushil Kumar Agrawal (DIN: 00091793) as Managing Director for a period of three years, effective from November 23, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM). He was noted as a Commerce Graduate with expertise in business management and coated metals operations.

Similarly, Mr. Karan Agrawal (DIN: 05348309) was re-appointed as Whole-time Director for three years, effective from November 17, 2026, also subject to the AGM approval. He was described as a Commerce Graduate and Diploma holder in Management from IIM Bangalore.

The Board also approved the appointment of Mr. Devansh Agrawal as Vice-President Business Development, effective July 01, 2026. His remuneration is set at Rs. 8,00,000/- per month, subject to shareholder approval at the Annual General Meeting.

Governance and AGM Details​

The company adopted a revised 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' and a policy regarding inquiry in case of leak or suspected leak of unpublished price sensitive information.

The Board also determined key dates related to its upcoming Annual General Meeting (AGM):


The company's Board of Directors reviewed the Q1 results. The statutory auditors conducted a limited review of both the standalone and consolidated un-audited financial results.

MANAKCOAT Stock Price Movement​

Today, Manaksia Coated Metals & Industries Limited shares edged higher, closing at ₹129.14 after gaining 2.57%. The stock saw strong intraday momentum, trading within a range and with nearly 2.20 million shares exchanged during the session.