Manaksia Coated Metals Board Approves FY 2026 Results, Recommends Dividend, and Announces Key Appointments
Manaksia Coated Metals & Industries Limited announced several key corporate actions following its Board of Directors meeting held on May 6, 2026. The Board approved the audited financial statements for the quarter and year ended March 31, 2026, and recommended a final dividend. The meeting also saw approvals for auditor appointments and director re-appointment.Financial Results and Dividend Declaration
The Board reviewed and approved the Audited Financial Statements (both Standalone and Consolidated) for the financial year ending March 31, 2026. The Company also announced a recommendation for a Final Dividend of Re. 0.05, which represents 5% of the face value of an equity share of Re. 1 for the Financial Year ending March 31, 2026. This dividend will be paid within 30 days of receiving approval from the shareholders at the ensuing Annual General Meeting.The audited financial results show significant performance across various metrics:
Consolidated Financial Results for the Year Ended March 31, 2026 (Amount in Lacs):
| Particulars | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Total Income | 1,178.82 | 802.88 |
| Total Expenses | 20,312.94 | 84,252.86 |
| Net Profit (Loss) for the period | 4,068.75 | 1,538.83 |
| Equity Share Capital | 7,105.83 | 1,058.34 |
Segment-Wise Revenue Highlights (Amount in Lacs):
| Segment | Year Ended 31 March 2026 | Year Ended 31 March 2025 |
|---|---|---|
| Total Revenue | 88,448.16 | 78,162.76 |
| Metal Products | 9,816.89 | 5,956.95 |
| Others | 1,296.72 | 465.16 |
| Total Profit Before Tax & Interest | 5,402.52 | 1,963.99 |
Governance and Director Appointments
The Board meeting formalized several appointments and re-appointments for the financial year 2026-27:- Internal Auditor: M/s Audittech 360 Financial Services Private Limited was approved as the Internal Auditor for the Financial Year 2026-27.
- Cost Auditor: M/s. S. Chhaparia & Associates (FRN: 101591) was approved as the Cost Auditor for the Financial Year 2026-27, subject to shareholder ratification.
- Director Re-appointment: The re-appointment of Mr. Addanki Venkata Srinarayana (DIN: 10141427) as Whole-Time Director for a period of three years was approved. The appointment is effective from May 30, 2026, and subject to the approval of shareholders at the ensuing Annual General Meeting.
- Remuneration Increases: Increases in remuneration were approved for three key personnel, pending shareholder approval:
* Mr. Karan Agrawal, Whole-Time Director.
* Mr. Tushar Agrawal, Senior Vice President.
The Company also noted that Mr. Karan Agrawal is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.
MANAKCOAT Stock Price Movement
Manaksia Coated Metals & Industries Limited shares today slipped by 3.45% to close at ₹97.08. Trading on 370,308 shares, the stock finished near the lower end of its intraday range, having opened at ₹103.76.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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