Manaksia Coated Metals & Ind , a key player in the metal coating industry, has received overwhelming shareholder approval for significant special resolutions through a postal ballot voting process conducted on November 27, 2025. These resolutions are set to impact the company's capital structure, potentially paving the way for business expansion.

Key Resolutions Approved

Increase in Authorized Share Capital

Shareholders have approved an increase in the company's authorized share capital from Rs. 12.50 crores to Rs. 16.00 crores, divided into 16 crore equity shares of Rs. 1 each. This approval also includes a consequent alteration in the Memorandum of Association.

Capital Raising Approval

The shareholders have also approved a capital raising plan of up to Rs. 350.00 crores through the issuance of equity shares and equity-linked securities.

Potential Implications

1. Enhanced Fundraising Capacity: The increase in authorized share capital and the approval for capital raising provide Manaksia Coated Metals & Ind with greater flexibility to issue new shares, potentially facilitating easier access to equity financing.

2. Business Expansion Opportunities: With the expanded authorized capital and the ability to raise substantial funds, the company is better positioned to fund potential expansion projects, acquisitions, or other strategic initiatives.

3. Improved Financial Position: The ability to issue additional shares and raise capital could help strengthen the company's balance sheet, potentially leading to better financial ratios and increased investor confidence.

4. Market Perception: The shareholder approval for these resolutions may be viewed positively by the market, potentially impacting the company's stock performance.

5. Flexible Fundraising Options: The approval enables the company to raise funds through various methods, including private offerings, qualified institutional placements, or other permitted methods, providing flexibility in its fundraising strategy.

As Manaksia Coated Metals & Ind moves forward with these approved measures, stakeholders will be keen to observe how the company utilizes its enhanced capital structure and fundraising capabilities to drive growth and create value for shareholders.

Manaksia Coated Metals & Industries Limited , a leading manufacturer and exporter of coated steel products, has announced plans to construct a 7 MWp solar power plant in Gujarat. This strategic move aims to significantly reduce the company's reliance on grid power and lower its overall power costs.

Project Highlights

Environmental Impact and Sustainability

The solar power project is expected to generate approximately 13.30 million units of renewable electricity annually. This initiative is anticipated to offset around 9,000 tons of CO₂ emissions each year, equivalent to planting more than 400,000 trees. By reducing its carbon footprint, Manaksia Coated Metals & Industries is reinforcing its commitment to environmental stewardship and sustainable growth.

Strategic Benefits

Mr. Karan Agrawal, Whole Time Director of Manaksia Coated Metals & Industries Limited, emphasized the project's importance: "This solar initiative is a testament to our commitment to responsible growth and environmental stewardship. By setting up a 7 MWp captive solar power plant in Gujarat, we are taking a long-term view of our energy needs—focusing on stability, cost efficiency, and environmental responsibility."

The project is expected to enhance the company's operational efficiency and profitability by:

1. Reducing dependency on conventional power sources
2. Cutting carbon emissions
3. Enhancing long-term cost efficiency
4. Providing stable, clean energy to support future expansion

Technological Edge

The company plans to deploy advanced solar technology, including Mono Bifacial N-Type TOPCon modules and a Single Axis Tracker system. This cutting-edge setup is designed to allow for higher output by absorbing sunlight from both sides and perform efficiently even in lower light conditions, aiming to ensure consistent power generation and better reliability.

Industry Collaboration

Manaksia Coated Metals & Industries has partnered with Prozeal Green Energy Limited, a renewable energy EPC & IPP company, for the project's execution. Mr. Manan Thakkar, Co-Founder & Managing Director of Prozeal Green Energy Limited, stated, "We are proud to support Manaksia Coated Metals Industries Limited in their renewable energy transition. This collaboration showcases how industrial consumers can leverage the Open Access model to achieve both sustainability and economic efficiency."

This solar power initiative aligns with Manaksia Coated Metals & Industries' focus on sustainable manufacturing and supports the Government of India's renewable energy vision. As the company aims to integrate cleaner technologies across its operations, it is positioning itself to drive efficiency, innovation, and sustainable growth in the future.