Manaksia Aluminium Company reported its audited standalone financial results for the quarter and year ended 31st March, 2026, at a Board of Directors meeting held on 7th May, 2026. The results, reviewed by the Audit Committee and audited by statutory auditors M/s Dangi Jain & Co., Chartered Accountants, carry an unmodified audit opinion. The company's full-year performance reflects a meaningful improvement in profitability, with net profit after tax rising to ₹755.61 lacs for FY26 compared to ₹604.58 lacs in FY25.

Full-Year Financial Performance

For the year ended 31st March, 2026, Manaksia Aluminium recorded revenue from operations of ₹56,390.67 lacs, up from ₹50,914.75 lacs in the corresponding previous year. Total revenue, including other income of ₹82.53 lacs, stood at ₹56,473.20 lacs against ₹51,016.41 lacs in FY25. Total expenses for the full year were ₹55,431.66 lacs compared to ₹50,209.68 lacs in the prior year, resulting in profit before tax of ₹1,041.54 lacs versus ₹806.73 lacs previously. Basic and diluted earnings per share (of Re 1/- each, not annualised) stood at ₹1.15 for FY26 against ₹0.92 in FY25.

The following table summarises the key financial metrics for the full year:

Quarterly Financial Highlights

For the quarter ended 31st March, 2026, the company reported revenue from operations of ₹15,565.68 lacs, compared to ₹14,262.62 lacs in the quarter ended 31st December, 2025, and ₹13,707.32 lacs in the quarter ended 31st March, 2025. Net profit after tax for the quarter stood at ₹323.52 lacs, against ₹165.20 lacs in Q3 FY26 and ₹199.75 lacs in Q4 FY25.

Balance Sheet and Cash Flow Overview

As at 31st March, 2026, total assets stood at ₹55,103.61 lacs compared to ₹50,425.64 lacs as at 31st March, 2025. Equity share capital remained unchanged at ₹655.34 lacs, while other equity increased to ₹13,579.58 lacs from ₹12,877.70 lacs. Total equity as at 31st March, 2026 was ₹14,234.92 lacs against ₹13,533.04 lacs in the prior year. On the cash flow front, net cash flow from operating activities for FY26 was ₹3,973.96 lacs, a significant improvement from ₹96.92 lacs in FY25. Cash and cash equivalents at the end of the period stood at ₹236.18 lacs, compared to ₹694.96 lacs at the beginning of the period.

The table below presents the key balance sheet figures:

Dividend and Corporate Appointments

The Board of Directors recommended a final dividend of Re 0.05 per equity share of face value Re 1/- (5%) for the financial year ended 31st March, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The dividend, if approved, shall be paid within 30 days from the date of such declaration, with the record date to be intimated in due course. In addition, the Board approved the following appointments for FY 2026-27:

• Internal Auditor: M/s S Bhalotia & Associates (FRN: 324923E), a Chartered Accountant firm specialising in accounts, audit, and consultancy in indirect and direct taxes.
• Cost Auditor: M/s S. Chhaparia & Associates (FRN: 101591), a practicing cost accountants firm with expertise in cost accounting, auditing, taxation, and company law matters, subject to ratification by shareholders at the forthcoming Annual General Meeting.

GST Demand, Subsidiaries, and Regulatory Matters

The company disclosed that it has received a demand order for erroneous Goods and Services Tax amounting to ₹38.80 crore and penalty amounting to ₹3.88 crores plus applicable interest, pertaining to the period October 2018 to March 2022 under Section 73(9) of the CGST Act, 2017. The company has strongly contested the demand and has preferred an appeal before the appropriate appellate forum. Notably, the Hon'ble Kerala High Court has declared Rule 96(10) of the CGST Rules, 2017 as ultra vires and unenforceable, and Rule 96(10) has since been omitted vide Notification No. 20/2024-Central Tax dated 08.10.2024. The Hon'ble Uttarakhand High Court has further held that no order can be passed under Rule 96(10) after its omission. Based on expert opinions from independent taxation consultants and judicial precedents, management is of the view that the demand is not sustainable in law, the matter is revenue neutral in nature, and that no present obligation exists requiring recognition of any liability or provision in the financial statements at this stage.

The company also noted that it has incorporated two new subsidiaries—Manaksia Aluminium Inc. in the State of Delaware, USA (on 30th August, 2024) and Metal Star Ceiling Panel FZE in UAE (on 11th July, 2025)—for which share application money is yet to be deposited, and accordingly consolidated financials have not been prepared for the quarter and year ended 31st March, 2026. Additionally, the company is monitoring the evolving situation with respect to the Government of India's New Labour Codes, consolidated on 21st November 2025, and will provide appropriate accounting effect based on further developments as needed.

Manaksia aluminium company Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate pertains to the quarter ended March 31, 2026, and was submitted on April 4, 2026.

Regulatory Filing Details

The company submitted the certificate to both major Indian stock exchanges where its shares are listed. The filing was made simultaneously to BSE Limited and National Stock Exchange of India Limited, along with the depositories Central Depository Services (India) Limited and National Securities Depository Limited.

Dematerialisation Status

According to the certificate issued by Maheshwari Datamatics Pvt. Ltd., the company's registrar and share transfer agent, no dematerialisation requests for equity shares were confirmed during the reporting period. The certificate specifically covers the period from January 1, 2026 to March 31, 2026.

Compliance Framework

The filing is made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates companies to submit periodic certificates regarding dematerialisation of securities. This regulation ensures transparency in the dematerialisation process and helps maintain accurate records of share transfers.

Company Officials

The certificate was signed by Abhishek Chakraborty, Company Secretary and Compliance Officer of Manaksia Aluminium Company Limited. The digital signature was affixed on April 4, 2026, confirming the authenticity of the submission. Maheshwari Datamatics Pvt. Ltd., based in Kolkata, serves as the company's registrar and share transfer agent for maintaining shareholder records and processing share transfers.