Manaksia Aluminium Company Limited has officially declared to stock exchanges that it does not qualify as a "Large Corporate" under the framework established by SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The company made this declaration through formal communications to both BSE and NSE on April 1, 2026.

Financial Position and Credit Rating

The company provided key financial details as part of its disclosure requirements. As of March 31, 2025, Manaksia Aluminium reported outstanding borrowings of ₹48.63 crore. The company maintains a credit rating of BBB+ (Stable) from Infomerics Valuation and Rating Ltd (Infomerics), which was the highest credit rating during the previous financial year.

Regulatory Compliance Declaration

The declaration was signed by two key officials of the company. Company Secretary and Compliance Officer Abhishek Chakraborty and Chief Financial Officer Vijay Kumar Patodia both authenticated the disclosure document. The company confirmed that it does not meet the applicability criteria for Large Corporate status as specified in the SEBI circular.

Company Details and Contact Information

Manaksia Aluminium Company Limited operates with Corporate Identity Number L27100WB2010PLC144405. The company is headquartered at 8/1 Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata - 700001. The company trades on BSE with scrip code 539045 and on NSE under the symbol MANAKALUCO.

SEBI Large Corporate Framework Context

The SEBI Large Corporate Framework requires entities meeting specific criteria to mandatorily raise funds through debt securities. Companies falling under this framework must maintain certain borrowing patterns through debt markets, with penalties for shortfalls. By declaring non-applicability, Manaksia Aluminium confirms it is not subject to these mandatory debt market borrowing requirements and associated compliance obligations.

Manaksia Aluminium Company Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 13, 2026, following review by the Audit Committee.

Financial Performance Overview

The company demonstrated steady performance across key financial metrics for the quarter ended December 31, 2025. Revenue from operations reached Rs 14,262.62 lacs, representing growth from Rs 13,974.26 lacs in the corresponding quarter of the previous year.

Nine Months Performance

For the nine months ended December 31, 2025, the company showed improved performance compared to the corresponding period in the previous year. Net profit after tax increased to Rs 432.10 lacs from Rs 404.84 lacs in the nine months ended December 31, 2024.

Cost Structure and Expenses

The company's total expenses for Q3FY26 stood at Rs 14,086.55 lacs compared to Rs 13,792.33 lacs in Q3FY25. Cost of materials consumed remained the largest expense component at Rs 10,340.47 lacs for the quarter. Finance costs increased to Rs 761.88 lacs from Rs 768.60 lacs in the corresponding quarter of the previous year.

Corporate Developments

The company has established two new wholly owned subsidiaries to expand its international presence:

• Manaksha Aluminium Inc. incorporated in Delaware, USA on August 30, 2024
• Metal Star Ceiling Panel FZE incorporated in UAE on July 11, 2025

Both subsidiaries are awaiting RBI ODI approval for share application money deposits. The UAE subsidiary has commenced business operations using funds received from local customers.

Regulatory Matters

The company faces a GST demand order of Rs 38.80 crores plus penalty of Rs 3.88 crores related to erroneous refund recovery for the period October 2018 to March 2022. Management believes no material liability will arise based on favorable High Court rulings and the omission of Rule 96(10) of CGST Rules in October 2024.

Audit and Compliance

The financial results were subject to limited review by statutory auditors M/s Dangi Jain & Co., Chartered Accountants, who provided an unmodified conclusion. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.