Shareholders Meeting Conducts Voting on JPA Snacks and Manaksia Coated Metals Merger Scheme
Manaksia Coated & Metals Industries Ltd held an Ordinary Shareholders Meeting (OSM) via Video Conferencing/Audio Visual Means on Monday, June 8, 2026. The meeting focused on transacting the resolution for approving the Scheme of Merger between JPA Snacks Private Limited and Manaksia Coated & Metals Industries Limited and their respective shareholders.The meeting commenced at 11:00 A.M. and concluded at 11:31 A.M. Approximately 40 members participated in the proceedings through the virtual platform. The company engaged NSDL to facilitate remote e-voting for eligible members, which ran from June 4, 2026, to June 7, 2026. Voting rights were determined based on shareholding as of the cut off date, Monday, June 1, 2026.
The primary business transacted was related to the Special Resolution approving the Merger Scheme, which was proposed in a Notice dated May 7, 2026.
Voting Results for Merger Scheme Approval
The shareholders were presented with the resolution requiring approval of the Scheme of Merger between JPA Snacks Private Limited and Manaksia Coated & Metals Industries Limited. The voting results, broken down by category and voting mode (E-Voting and Poll), are detailed below:| Category | Mode of Voting | Shares Held | Votes Polled | No. of Votes in Favour | % of Votes in Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | E-Voting | 60,808,767 | 96.68 | 58,787,940 | 100% |
| Promoter and Promoter Group | Poll | - | 0 | 0 | 0 |
| Promoter and Promoter Group (Total) | 58,787,940 | 96.68 | 58,787,940 | 100% | |
| Public Institutions | E-Voting | 1,331,555 | 47.45 | 631,783 | 100% |
| Public Institutions | Poll | - | 0 | 0 | 0 |
| Public Institutions (Total) | 631,783 | 47.45 | 631,783 | 100% | |
| Public-Non Institutions | E-Voting | 43,693,728 | 0.01 | 5,168 | 98.93% |
| Public-Non Institutions | Poll | - | 0 | 0 | 0 |
| Public-Non Institutions (Total) | 5,168 | 0.01 | 5,113 | 98.93% |
Overall Voting Summary
The total voting results across all categories for the Merger Scheme approval showed significant support:| Category | Total Shares Held | No. of Votes in Favour | % of Votes in Favour on Votes Polled |
|---|---|---|---|
| Total | 105,834,050 | 59,424,836 | 99.99% |
The results indicated that the resolution was approved with a high level of support from all shareholder categories combined. No invalid votes were recorded for this specific resolution across Promoter and Promoter Group, Public Institutions, or Public-Non Institutions.
MANAKCOAT Stock Price Movement
Manaksia Coated Metals & Industries Limited finished the trading day strongly, as its shares gained 0.55% to settle at ₹115.22 after the market close. The stock saw solid activity during the session, with a total traded volume of 210,293 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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