Manaksia Limited , a listed company, is set to convene a meeting of its equity shareholders to consider the demerger of its Metal Products Business to its wholly-owned subsidiary, Manaksia Ferro Industries Limited. This strategic move, aimed at streamlining the company's operations, has received approval from the National Company Law Tribunal (NCLT) Kolkata Bench.

Key Details of the Shareholder Meeting

• Date: January 10, 2026
• Mode: Video Conferencing (VC) or Other Audio Visual Means (OAVM)
• Purpose: To consider and approve the Scheme of Arrangement for the demerger

Voting Process

Shareholders will have two options for casting their votes:

1. Remote E-voting: From January 7, 2026 (9:00 AM IST) to January 9, 2026 (5:00 PM IST)
2. E-voting during the meeting: On January 10, 2026

The cut-off date for determining voting eligibility is set for January 3, 2026.

Key Points of the Demerger

• The Metal Products Business of Manaksia Limited will be transferred to Manaksia Ferro Industries Limited.
• The scheme has received no-objection from both BSE and NSE.
• Meetings for secured creditors of Manaksia Limited and shareholders of Manaksia Ferro Industries Limited have been dispensed with, as they have provided 100% consent through affidavits.

Regulatory Compliance

The company will notify various regulatory bodies as per Section 230(5) of the Companies Act, 2013, including:

• Regional Director, Eastern Region, Ministry of Corporate Affairs
• Registrar of Companies, Kolkata
• Income Tax Department
• BSE Limited and National Stock Exchange of India Limited

Importance of the Demerger

This corporate restructuring is a significant step for Manaksia Limited, potentially leading to more focused operations and enhanced shareholder value. The demerger could allow both entities to optimize their respective business strategies and resource allocation.

Shareholders are advised to review the scheme details carefully and participate in the voting process to make an informed decision on this crucial corporate action.

Manaksia Coated Metals & Industries Ltd has reported a remarkable financial performance for the second quarter, showcasing significant growth across key metrics. The company's results reflect a strong upward trajectory in profitability and operational efficiency.

Financial Highlights

Key Takeaways

Substantial Profit Growth

Manaksia Coated Metals & Industries witnessed an impressive 484.00% increase in net profit, rising from ₹24.00 crore in the previous year's Q2 to ₹140.20 crore in the current quarter.

Revenue Expansion

The company's top line showed robust growth, with revenue increasing by 25.71% year-over-year to reach ₹220.00 crore, up from ₹175.00 crore in the same quarter last year.

Improved Operational Efficiency

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) more than doubled, growing from ₹10.90 crore to ₹26.10 crore, representing a 139.45% increase.

Enhanced Profitability

The EBITDA margin expanded significantly, rising from 6.25% in the previous year's Q2 to 11.84% in the current quarter, indicating improved operational efficiency and cost management.

The substantial growth in net profit, coupled with a notable increase in revenue and EBITDA, suggests that Manaksia Coated Metals & Industries has effectively capitalized on market opportunities and potentially improved its operational processes. The significant expansion in EBITDA margin further underscores the company's ability to enhance profitability while growing its business.

These results may reflect positively on the company's strategic initiatives, market positioning, and overall financial health. However, investors and analysts may want to look into the factors driving this growth, such as any changes in market conditions, product mix, or cost-saving measures implemented by the company.

It's important for stakeholders to consider these quarterly results in the context of broader market trends and the company's long-term performance before making investment decisions.