Manaksia Aluminium Company Limited has scheduled its 16th Annual General Meeting (AGM) for Tuesday, September 22, 2026. The meeting will be conducted through video conferencing or other audio-visual means at 1:30 pm.

The company submitted the notice of the meeting along with the Annual Report for the financial year ended March 31, 2026, to the National Stock Exchange of India Limited and BSE Limited on August 31, 2026.

Meeting Details

The AGM is scheduled to take place on September 22, 2026. Shareholders will participate remotely via video conferencing or other audio-visual means. The session is set to begin at 1:30 pm.

Regulatory Compliance

The submission was made pursuant to Regulation 30 read with Part A (Para A) of Schedule III and Regulation 34(1)(a) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This filing follows an earlier communication dated August 11, 2026.

Document Availability

The notice forms part of the Annual Report for FY26. The company has sent the document via email to shareholders at their registered addresses. It is also available on the company’s website.

Manaksia Aluminium Company Limited reported a net profit of ₹2.85 crore for the quarter ended June 30, 2026, rising 83% year-on-year from ₹1.56 crore in Q1FY26. The improvement was driven by a 4% increase in revenue from operations to ₹1,395.90 crore, alongside a significant reduction in the cost of materials consumed, which fell to ₹1,009.62 crore from ₹1,133.64 crore in the corresponding period last year. This operational efficiency helped expand the profit before tax margin to 2.8%, up from 1.5% in Q1FY26.

The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s Dangi Jain & Co., Chartered Accountants, the statutory auditors, issued an unmodified review report on the financial statements prepared in accordance with Ind AS 34. The results were reviewed by the Audit Committee before board approval.

Financial Performance Highlights

Revenue from operations increased by ₹51.76 lakh compared to the previous year’s quarter. Other income also saw a substantial rise, jumping to ₹4.46 lakh from ₹1.59 lakh in Q1FY26. Total expenses stood at ₹1,360.91 lakh, slightly lower than the ₹1,325.27 lakh recorded in Q1FY26, despite higher finance costs of ₹72.90 lakh compared to ₹70.60 lakh last year.

Dividend and Corporate Actions

The Board proposed a final dividend of Re. 0.05 (5%) per equity share of Re. 1 face value for the financial year 2025-26. This proposal is subject to shareholder approval at the 16th Annual General Meeting (AGM), scheduled for September 22, 2026, via Video Conferencing or other audio-visual means. The record date for both voting rights and dividend entitlement is fixed for September 15, 2026.

Additionally, the Board recommended the re-appointment of Sunil Kumar Agrawal as Managing Director for a three-year term commencing November 23, 2026, pending shareholder consent. Agrawal, who has been with the company since November 2014, brings extensive experience in business management and factory administration.

What the Numbers Show

A key analytical observation is the divergence between revenue growth and material cost trends. While revenue grew by nearly 4%, the cost of materials consumed declined by over 10%. This suggests improved input cost management or a favorable shift in product mix, contributing significantly to the 93% surge in pre-tax profits. However, investors should note the emphasis of matter in the auditor’s report regarding GST assessment orders. The company faces a demand of ₹38.80 crore plus penalties under Section 73(9) of the CGST Act, 2017. Management believes no material liability exists based on favorable precedents from the Kerala and Uttarakhand High Courts, but this remains a contingent risk until resolved.

The company has incorporated two new entities, Manaksia Aluminium Inc. in Delaware and Metal Star Ceiling Panel FZE in the UAE, but consolidated financials are not being prepared as share application money has not yet been deposited.