Manaksia Coated Metals & Industries Limited has reported robust financial results for the second quarter of fiscal year 2025-26, coupled with ambitious plans for fundraising and capital restructuring.

Financial Performance

The company's unaudited financial results for the quarter ended September 30, 2025, showcase a strong performance:

Fundraising Initiative

In a significant move, the Board of Directors has approved a proposal to raise funds up to Rs 350 crores. This fundraising effort may be executed through various securities, including:

• Equity shares
• Convertible debentures
• Warrants

The company plans to utilize qualified institutional placements (QIP) or other permissible methods for this capital raise, subject to necessary approvals.

Capital Restructuring

Manaksia Coated Metals is also set to increase its authorized share capital:

This increase from 12.50 crore equity shares to 16 crore equity shares, each with a face value of Rs 1, will require shareholder approval through a postal ballot.

Corporate Governance

To ensure transparency and compliance, the company has appointed M/s. S.S. Reddy & Associates, Practicing Company Secretaries, as scrutinizers for the postal ballot process.

Market Implications

The strong quarterly performance, coupled with the ambitious fundraising plan, signals Manaksia Coated Metals' intent for expansion and growth. The increase in authorized share capital suggests the company may be preparing for future equity issuances, potentially linked to the fundraising initiative.

Investors and market watchers will likely keep a close eye on how the company utilizes the raised funds, should the proposal be approved and implemented.

As the company moves forward with these plans, shareholders will play a crucial role in approving the proposed changes through the upcoming postal ballot. The outcome of this process will be pivotal in shaping Manaksia Coated Metals' future strategic direction and financial structure.

Manaksia Coated Metals & Industries Limited has announced a crucial board meeting scheduled for October 27, 2025, to address several important matters. The meeting agenda includes reviewing the company's financial performance and exploring potential fund-raising opportunities.

Key Points of the Upcoming Board Meeting

Financial Results Review

The board will consider the unaudited financial results for the quarter and half-year ended September 30, 2025.

Fund-Raising Proposals

Directors will evaluate proposals for raising funds through various securities, including:

• Equity shares
• Convertible debentures
• Warrants
• Other eligible securities

These fund-raising initiatives may be conducted through methods such as private placement or preferential issue, subject to necessary regulatory approvals.

Other Agenda Items

• Consideration of increasing the company's authorized capital
• Discussion on amending the company's memorandum of association, consequent to the potential increase in authorized capital
• Approval of the draft notice for an Extraordinary General Meeting

Trading Window Closure

In compliance with SEBI regulations and the company's Code of Conduct for Prevention of Insider Trading, Manaksia Coated Metals has announced the closure of the trading window for designated persons:

The trading window was already closed from October 1, 2025, in anticipation of the Q2 results, as per a previous intimation dated September 26, 2025.

Implications and Next Steps

The upcoming board meeting signals potential significant developments for Manaksia Coated Metals & Industries Limited. The consideration of fund-raising proposals suggests that the company may be planning for expansion or looking to strengthen its financial position. Investors and stakeholders will be awaiting the outcome of this meeting, particularly regarding the Q2 financial results and any decisions on capital raising.

The company has committed to disseminating the outcome of the board meeting to the stock exchanges within the stipulated time as prescribed under SEBI Listing Regulations.