Manaksia Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving all five ordinary resolutions related to material related party transactions for the Financial Year 2026-27. The voting results, announced on March 17, 2026, demonstrate strong shareholder confidence in the company's strategic business relationships.

Postal Ballot Process Overview

The postal ballot process was conducted entirely through electronic voting, facilitated by National Securities Depository Limited (NSDL). The e-voting period commenced on February 13, 2026, at 09:00 a.m. and concluded on March 14, 2026, at 5:00 p.m. Ms. Pammy Jaiswal, Partner at Vinod Kothari & Company, Practising Company Secretaries, served as the scrutinizer for the entire process.

Resolution Results and Approval Rates

All five resolutions achieved remarkable approval rates, with each receiving between 99.8474% and 99.8475% votes in favor. The resolutions covered various material related party transactions involving the company and its subsidiaries.

Shareholder Participation Analysis

The voting pattern revealed strong institutional support across all resolutions. Public institutions demonstrated complete unanimity with 100% approval rates, while public non-institutional shareholders showed approval rates ranging from 99.7813% to 99.7815%.

Key Voting Statistics:

• Total Outstanding Shares: 65,534,050
• Promoter and Promoter Group Shares: 49,105,940 (did not participate in voting)
• Public Institutional Shares: 761,719 (624,709 votes polled at 82.01% participation)
• Public Non-Institutional Shares: 15,666,391 (1,443,681 votes polled at 9.22% participation)

Related Party Transaction Framework

The approved resolutions establish the framework for material related party transactions during Financial Year 2026-27. These transactions involve:

• MINL Limited (wholly-owned subsidiary) conducting business with both Manaksia Steels Limited and Sumo Steels Limited
• Manaksia Ferro Industries Limited (wholly-owned subsidiary) engaging in transactions with Manaksia Steels Limited
• Direct company transactions with both Manaksia Steels Limited and Sumo Steels Limited

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published mandatory newspaper advertisements on February 13, 2026, in "Ekdin" (Bengali) and "Business Standard" (English). All documentation and voting results have been made available on the company's website at www.manaksia.com and will be submitted to the stock exchanges where the company's shares are listed.

The successful completion of this postal ballot process enables Manaksia Limited and its subsidiaries to proceed with the approved related party transactions, supporting the company's operational and strategic objectives for the upcoming financial year.

Manaksia Limited has announced its unaudited financial results for the third quarter of FY26 ended 31st December 2025, showcasing robust performance across key financial metrics. The Board of Directors approved these results during their meeting held on 30th January 2026, with the company demonstrating significant improvement in both revenue generation and profitability. Additionally, subsidiary Manaksia Coated Metals reported enhanced quarterly performance with improved EBITDA margins.

Standalone Financial Performance

The company's standalone operations delivered impressive results for Q3FY26, with substantial growth across major financial parameters:

The remarkable improvement in profitability reflects enhanced operational efficiency and better cost management. Other income contributed ₹689.03 lakhs during the quarter, significantly higher than ₹180.03 lakhs in the corresponding previous period.

Subsidiary Performance - Manaksia Coated Metals

Manaksia Coated Metals demonstrated improved operational efficiency during the quarter with enhanced profitability metrics:

Despite revenue decline, the subsidiary successfully improved both EBITDA and profitability margins, demonstrating effective cost management and operational efficiency improvements.

Nine-Month Performance Analysis

For the nine-month period ended 31st December 2025, Manaksia Limited maintained strong momentum with consistent growth across all key metrics:

The sustained performance improvement over the nine-month period demonstrates the company's ability to maintain operational excellence and capitalize on market opportunities effectively.

Consolidated Results and Segment Performance

On a consolidated basis, Manaksia Limited's performance reflects the strength of its diversified business portfolio. The consolidated revenue from operations reached ₹18,402.45 lakhs in Q3FY26 compared to ₹18,789.69 lakhs in Q3FY25. Net profit for the quarter stood at ₹1,454.27 lakhs versus ₹1,304.64 lakhs in the previous year, representing an 11.47% increase.

The Metal Products segment continues to be the primary revenue driver, contributing the majority of consolidated revenues and maintaining healthy profitability margins.

Corporate Developments and Outlook

The company has several significant corporate developments in progress, including a proposed demerger scheme approved by the Board of Directors. This scheme involves the demerger of the Metal Product business undertaking into Manaksia Ferro Industries Limited, a wholly owned subsidiary. The scheme has received approvals from BSE Limited, National Stock Exchange of India Limited, and SEBI, with shareholders approving the proposal in an Extraordinary General Meeting.

The results demonstrate Manaksia Limited's strong operational performance and strategic positioning, with the company successfully leveraging its diversified business model to deliver consistent growth and improved profitability across reporting periods, while effectively managing subsidiary performance with enhanced EBITDA margins.