Manaksia Ltd holds 42nd AGM, seeks re-appointment of MD
- Manaksia Limited held its 42nd AGM on September 23, 2026, via Video Conferencing
- Shareholders adopted audited standalone and consolidated financial statements for FY26
- Special resolution passed for re-appointment of Suresh Kumar Agrawal as Managing Director
- Ordinary resolution approved re-appointment of Varun Agrawal as Non Executive Director
*this image is generated using AI for illustrative purposes only.
Manaksia Limited convened its 42nd Annual General Meeting on September 23, 2026, at 12:30 pm through Video Conferencing and Other Audio Visual Means. The meeting addressed the adoption of financial statements for the fiscal year ended March 31, 2026, and the re-appointment of key leadership.
The proceedings commenced with the receipt and adoption of both standalone and consolidated audited financial statements. These included the balance sheets, profit and loss accounts, and reports from the Board of Directors and Auditors for the period ending March 31, 2026. The Company Secretary confirmed that there were no qualifications, observations, or adverse remarks in the Secretarial Audit Report or the Statutory Auditor's Report for the financial year ended March 31, 2026.
Leadership appointments and resolutions
The meeting focused on governance continuity, specifically the re-appointment of directors. Mr. Varun Agrawal, who retired by rotation, offered himself for re-appointment as a Non Executive Director. This item required an ordinary resolution.
A significant special business item involved the re-appointment of Mr. Suresh Kumar Agrawal as Managing Director. This resolution required a special majority due to the nature of the appointment terms and duration.
| Item No. | Business Description | Resolution Type |
|---|---|---|
| 1a | Adopt Audited Standalone Financial Statements for FY26 | Ordinary |
| 1b | Adopt Audited Consolidated Financial Statements for FY26 | Ordinary |
| 2 | Re-appointment of Mr. Varun Agrawal as Director | Ordinary |
| 3 | Re-appointment of Mr. Suresh Kumar Agrawal as Managing Director | Special |
Meeting logistics and attendance
The AGM was chaired by Mr. Ramesh Kumar Maheshwari, Independent Director. The Managing Director, Mr. Suresh Kumar Agrawal, along with other board members including Mrs. Nidhi Baheti, Mr. Biswanath Bhattacharjee, Mr. Varun Agrawal, and Mr. Vineet Agrawal, attended the session. Representatives from the Statutory Auditor and Secretarial Auditor were also present virtually.
Remote e-voting facilities were available to shareholders from September 19, 2026, at 9:00 am until September 22, 2026, at 5:00 pm. Voting continued during the meeting for those who had not cast votes remotely, with the window remaining open for 30 minutes after the conclusion of the address.
Compliance and disclosure framework
The company executed these proceedings in strict compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The summary of proceedings was filed with BSE Limited and the National Stock Exchange of India Limited. The results of the resolutions were scheduled for declaration following the receipt of the Scrutinizer's Report from Ms. Pammy Jaiswal of Vinod Kothari & Company.
Historical Stock Returns for Manaksia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.23% | -1.78% | +13.47% | +33.23% | -4.67% | +1.98% |
How will the continued leadership of Mr. Suresh Kumar Agrawal as Managing Director influence Manaksia Limited's strategic direction in the upcoming fiscal year?
What specific growth initiatives or capital expenditure plans were outlined in the Board Report adopted during the 42nd AGM?
How does the clean audit opinion for FY26 position the company for potential debt restructuring or new credit facilities in the near term?
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