Ordinary Shareholders' Meeting Held for Manaksia Coated Metals and Industries on Merger Scheme
Manaksia Coated Metals & Industries Limited held an Ordinary Shareholders' Meeting through two-way Video Conferencing (VC)/Other Audio Visual Means (OAVM) on Monday, June 8, 2026. The meeting commenced at 11:00 A.M. (IST) and concluded at 11:31 a.m. (IST).The primary purpose of the meeting was to consider and approve the proposed Scheme of Merger involving Manaksia Coated & Metals Industries Limited and JPA Snacks Private Limited, along with their respective shareholders.
During the meeting, which was chaired by Mr. Parikshit Poddar Advocate, various operational aspects related to the proposal were conducted. The Company Secretary reported on the procedures completed leading up to the gathering of members.
Merger Approval and Voting Details
The resolution for the approval of the Scheme of Merger, which was proposed in a notice dated May 7, 2026, was transacted at the meeting. Members were provided with opportunities to raise queries or feedback regarding the merger scheme.
Key details pertaining to the voting process are summarized below:
| Activity | Details |
|---|---|
| Meeting Date and Time | June 8, 2026 (11:00 A.M. - 11:31 A.M.) |
| Remote E-Voting Period | Thursday, June 4, 2026 (9:00 A.M. IST) to Sunday, June 7, 2026 (5:00 P.M. IST) |
| Voting Basis | Shares held as on June 1, 2026 |
| Key Personnel | Mr. Parikshit Poddar Advocate (Chairman); Ms. Shruti Agarwal (Company Secretary); Bidisha Achari (Scrutinizer) |
The meeting also ensured that those members present via VC/OAVM who had not cast their votes during the remote e-voting period could do so electronically during the meeting.
Next Steps and Reporting
Ms. Bidisha Achari was appointed as the Scrutinizer to ensure a fair and transparent process for scrutinizing both the remote e-voting and the fore-voting conducted at the meeting.
The Chairperson informed that the consolidated results of the e-voting, along with the Scrutinizer's Report concerning the resolutions discussed, will be declared within two working days from the conclusion of the meeting. These results are scheduled to be published on the website of the Company and NSDL and subsequently submitted to both NSE and BSE Ltd.
MANAKCOAT Stock Price Movement
Today, Manaksia Coated Metals & Industries Limited saw its stock edged higher, settling at ₹103.64 after gaining 0.42%. The share traded within an intraday range of ₹103.02 to ₹106.05 and was transacted across a volume of 97,304 shares.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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