Manaksia Coated Metals & Industries Limited has submitted copies of newspaper advertisements to BSE Limited and the National Stock Exchange of India Limited, confirming the publication of notices for meetings convened by the National Company Law Tribunal (NCLT), Kolkata Bench. The advertisements were published in all editions of Business Standard (English) and Ekdin (Bengali) newspapers on May 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meetings have been called to seek approval for a proposed Scheme of Amalgamation between the company and its wholly owned subsidiary, JPA Snacks Private Limited. The NCLT order dated April 24, 2026, directed the company to convene meetings of equity shareholders, secured creditors, and unsecured creditors under Sections 230 to 232 of the Companies Act, 2013.

Meeting Schedule and Key Dates

All meetings will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM), with the deemed venue being the Registered Office of Manaksia Coated Metals & Industries Limited in Kolkata. The key dates and timings for each meeting are summarised below:

The Tribunal has appointed Advocate Parikshit Poddar as Chairperson and Ms. Bidisha Achari as Scrutinizer. Remote e-voting facilities are available through the National Securities Depository Limited (NSDL) platform.

Scheme of Merger: Background and Rationale

The proposed Scheme involves the amalgamation of JPA Snacks Private Limited (Transferor Company) into Manaksia Coated Metals & Industries Limited (Transferee Company). JPA Snacks Private Limited is a wholly owned subsidiary incorporated on February 1, 2017. The Transferee Company holds 100% of the issued, subscribed, and paid-up equity share capital of the Transferor Company.

The management stated that the amalgamation aims to consolidate business under a single entity and achieve a simplified corporate structure. The benefits include streamlining the organization, strengthening the financial position, enhancing net-worth, and reducing the multiplicity of legal and regulatory compliances. The Appointed Date is April 1, 2025, and the Effective Date is the date of sanction by the NCLT.

Share Capital and Structural Details

Since the Transferor Company is a wholly owned subsidiary, no new equity shares will be issued by the Transferee Company. All shares of the Transferor Company held by the Transferee Company will stand cancelled upon the Scheme becoming effective. Consequently, there will be no change in the shareholding pattern or capital structure of the Transferee Company.

The Board of Directors of the Transferee Company approved the Scheme at meetings held on July 22, 2025, and October 27, 2025. The Board of the Transferor Company also approved the Scheme on October 27, 2025. The accounting treatment has been certified by S. Bhalotia & Associates, Chartered Accountants. The Scheme is subject to the sanction of the NCLT, Kolkata Bench, and other regulatory approvals.

Manaksia Coated Metals & Industries Limited held its Board of Directors meeting on May 6, 2026, approving the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also recommended a final dividend, made key managerial appointments, and approved new auditors, all filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance: Q4 and Full Year FY26

The company delivered a strong financial performance for FY26, with standalone net profit rising sharply to ₹4,097.15 lacs from ₹1,564.33 lacs in the previous year. On a consolidated basis, net profit for the full year stood at ₹4,068.75 lacs compared to ₹1,538.83 lacs in the prior year. The following table summarises key standalone and consolidated financial metrics:

Segment Performance

The Metal Products segment remained the dominant revenue contributor for both the quarter and the full year. The segment-wise revenue and results for the standalone entity are presented below:

Dividend and Key Board Decisions

The board recommended a final dividend of Re. 0.05 (5%) per equity share of face value Re. 1/- for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The dividend, if approved, will be paid within 30 days from the date of declaration; the record date will be intimated separately.

The board also approved the re-appointment of Mr. Addanki Venkata Srinarayana (DIN: 10141427) as Wholetime Director for a period of 3 years with effect from May 30, 2026, subject to shareholder approval. Mr. Srinarayana is a Science Graduate pursuing an MBA, has been associated with the company for over 14 years, and brings more than 35 years of experience in production planning, process and project management, budget and cost control, plant operations, and HR management. He serves as General Manager (Profit Centre Head) cum Project Head at the company's Mandiddep, Bhopal unit.

Additionally, the board approved increases in remuneration for Managing Director Mr. Sushil Kumar Agrawal (DIN: 00091793), Wholetime Director Mr. Karan Agrawal (DIN: 05348309), and Senior Vice-President Mr. Tushar Agrawal — all subject to shareholder approval at the ensuing Annual General Meeting.

Auditor and Internal Auditor Appointments

The board approved the appointment of M/s Auditteck 360 Financial Services Private Limited as Internal Auditor for FY2026-27. The firm offers services including management and internal audit, process optimisation, IFRS services, CFO services, legal advisory, and secretarial compliance, with over 5 years of experience in auditing and financial services. The board also approved the appointment of M/s S. Chhaparia & Associates (FRN: 101591) as Cost Auditor for FY2026-27, subject to ratification of remuneration by shareholders. The firm is led by Mr. Sachin Chhaparia, a Practicing Cost Accountant in continuous practice since 2011 and a member of both ICAI and ICSI.

Balance Sheet and Cash Flow Highlights

As at March 31, 2026, the standalone total assets stood at ₹74,709.62 lacs compared to ₹63,984.36 lacs in the prior year, reflecting growth in both non-current and current assets. On a consolidated basis, total assets were ₹75,480.56 lacs against ₹64,601.33 lacs previously. Standalone equity increased to ₹34,353.13 lacs from ₹22,262.37 lacs, while consolidated equity rose to ₹34,895.68 lacs from ₹22,669.51 lacs. Standalone net cash flow from operating activities was negative at ₹(715.16) lacs, while consolidated net cash flow from operating activities was ₹(887.84) lacs. Proceeds from the issue of share warrants contributed ₹8,036.03 lacs to financing activities on both a standalone and consolidated basis.

Regulatory Compliance and Auditor's Report

The financial results were reviewed and recommended by the Audit Committee and approved by the Board at its meeting held on May 6, 2026, commencing at 12:30 PM and concluding at 5:30 PM. The statutory auditors, M/s S. Bhalotia & Associates, Chartered Accountants (Firm Registration No. 325040E), issued an unmodified opinion on both the standalone and consolidated annual financial results for the year ended March 31, 2026, in compliance with Regulation 33 of the SEBI Listing Regulations. The intimation was signed by Company Secretary & Compliance Officer Shruti Agarwal (Membership No.: F12124).