Manaksia Limited has scheduled its 42nd Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 12:30 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means.

The company released the notice alongside its Annual Report for the financial year ended March 31, 2026. Shareholders registered as on August 14, 2026, are eligible to participate in the proceedings.

Agenda Items

The AGM agenda includes ordinary and special business items requiring shareholder approval.

Ordinary Business

Shareholders will consider and adopt:

• Audited Standalone Financial Statements for FY26, including the Balance Sheet and Statement of Profit & Loss.
• Reports of the Board of Directors and Auditors on the standalone accounts.
• Audited Consolidated Financial Statements for FY26, including the Consolidated Balance Sheet and Statement of Profit & Loss.
• Report of the Auditors on the consolidated accounts.
• Re-appointment of Mr. Varun Agrawal (DIN: 00441271) as a Director, who retires by rotation.

Special Business

The meeting will seek approval for the re-appointment of Mr. Suresh Kumar Agrawal (DIN: 00520769) as Managing Director. The proposed term is three consecutive years, from November 23, 2026, to November 22, 2029.

The resolution notes that Mr. Agrawal has attained the age of seventy years. The appointment is not liable to retire by rotation. Remuneration terms have been recommended by the Nomination and Remuneration Committee and approved by the Board.

Compliance Details

The disclosure is made pursuant to Regulation 34 and Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report and Notice are available on the company's website for download.

Manaksia Limited reported a significant turnaround in profitability for the first quarter of FY27, posting a consolidated net profit of ₹266.78 crore for the quarter ended June 30, 2026. This marks a sharp improvement from the net loss of ₹153.88 crore recorded in the same quarter of the previous fiscal year.

The company’s consolidated revenue from operations rose 28.5% year-on-year to ₹2,227.58 crore, up from ₹1,733.89 crore in Q1FY26. Standalone revenue from operations also expanded, reaching ₹388.12 crore compared to ₹312.25 crore in the prior year period.

Segment Performance

The growth was broad-based across the company’s key business verticals:

• Metal Products: Revenue increased 19.2% YoY to ₹1,856.11 crore, with segment profit rising to ₹85.07 crore from ₹105.42 crore.
• Packaging Products: This segment saw robust growth, with revenue surging 110% YoY to ₹371.48 crore. Segment profit jumped significantly to ₹102.01 crore from ₹12.73 crore.

What the Numbers Show

A notable divergence exists between the standalone and consolidated results. While the standalone entity reported a modest net profit of ₹70.61 crore, the consolidated group delivered a substantially higher net profit of ₹266.78 crore. This suggests that the subsidiaries contributed significantly to the overall bottom line, likely driven by the high-margin performance in the packaging segment and other group entities.

Additionally, the company recorded other income of ₹226.13 crore on a consolidated basis, which constituted approximately 9.2% of total revenue. In contrast, standalone other income was ₹74.31 crore against total revenue of ₹462.43 crore, indicating a higher reliance on core operational revenues at the parent level compared to the group structure.

Corporate Developments

The Board of Directors, meeting on August 12, 2026, also approved the date for the 42nd Annual General Meeting (AGM), scheduled for September 23, 2026. The cut-off date for shareholders entitled to vote via remote e-voting is set for September 16, 2026.

The company continues to pursue its demerger scheme for the Metal Product business undertaking into Manaksia Ferro Industries Limited. The scheme has received approvals from BSE, NSE, and SEBI and is pending final approval from the National Company Law Tribunal (NCLT). No financial effect of the proposed demerger has been recognized in the current quarter’s results pending regulatory clearance.