Manaksia Steels Limited has scheduled its 25th Annual General Meeting for Wednesday, September 23, 2026. The event will be conducted through Video Conferencing or Other Audio Visual Means at 3:00 pm IST.

The company disclosed this information in a letter to stock exchanges dated August 27, 2026. The notice convening the AGM is part of the Annual Report for the Financial Year ended March 31, 2026.

Agenda Items

Shareholders will transact ordinary and special business during the meeting. The key agenda items include:

• Adoption of Audited Standalone and Consolidated Financial Statements for FY26
• Re-appointment of Mr. Varun Agrawal as Director, who retires by rotation
• Ratification of remuneration for Cost Auditors for FY27

Cost Auditor Remuneration

The Board proposes ratifying the remuneration of ₹1,25,000 plus applicable taxes and out-of-pocket expenses for M/s. B. Mukhopadhyay & Co. This firm serves as the Cost Auditor for the financial year ending March 31, 2027.

Shareholder Communication

The Annual Report and AGM Notice are available electronically for shareholders registered with email addresses as of August 14, 2026. Shareholders without registered emails will receive a letter with a weblink to access these documents on the company website.

Manaksia Steels has settled a litigation concerning land in Haldia, West Bengal, by depositing an enhanced premium of ₹3.325 crore with the Haldia Development Authority (HDA). The payment was made on August 21, 2026, in compliance with a July 27, 2026 order from the Calcutta High Court.

The company confirmed that the matter is now concluded, with no further amounts payable or liabilities outstanding regarding this specific dispute.

Litigation Background

The dispute originated from a writ petition filed by Manaksia Ltd against the State of West Bengal and others in the High Court at Calcutta (Case No. W.P.A. No. 15313 of 2008). The core issue involved the land premium rate for 35 acres of land situated in Haldia.

The HDA had previously demanded an enhanced rate of ₹15 lakh per acre, up from the initially agreed rate of ₹5.50 lakh per acre. This demand was based on orders issued by the CEO of the HDA in February and July 2008.

Court Order and Compliance

In its judgment dated July 27, 2026, the Calcutta High Court directed the petitioner to deposit the remaining enhanced land premium of ₹3.325 crore within six weeks. Manaksia Steels executed this payment on August 21, 2026, adhering to the court's timeline.

The land in question was transferred to Manaksia Steels from Manaksia Ltd effective October 1, 2013, following a Scheme of Demerger sanctioned by the Calcutta High Court on March 24, 2014. The litigation arose because the transfer had not been updated in the records of the concerned statutory authority.

Financial Implications

Manaksia Steels stated that it envisages no adverse financial implications on its working due to this demand. The total quantum of the claim was ₹3.325 crore, which has now been fully settled.

What the Numbers Show

The settlement resolves a legacy issue stemming from a 2014 demerger. By paying the enhanced premium difference (₹9.5 lakh per acre increase over 35 acres), the company has cleared a potential regulatory hurdle for its Haldia asset base without further financial exposure.