Manaksia Coated Metals & Industries Limited has announced a significant share transfer involving a promoter group member under regulatory disclosure requirements. The transaction represents a notable movement of equity shares within the company's promoter group structure.

Share Transfer Details

Sumitra Devi Agarwalla, a member of the promoter group, has acquired 20,20,827 fully paid-up equity shares of the company through inter-se transfer. The acquisition represents 1.91% of the total equity and voting share capital of Manaksia Coated Metals & Industries Limited.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 29(2) read with Regulation 29(3) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were transferred as a gift from relatives of Sumitra Devi Agarwalla within the promoter group.

The company has filed the necessary information with both BSE Limited and National Stock Exchange of India Limited to ensure compliance with regulatory requirements.

Company Capital Structure

The company's equity share capital structure remains unchanged following this inter-se transfer:

Promoter Group Structure

The transaction involves multiple persons acting in concert (PAC) within the promoter group, including Mahabir Prasad Agrawal, Sushil Kumar Agrawal, Sunil Kumar Agrawal, and several other family members and Hindu Undivided Families (HUFs). This inter-se transfer strengthens the shareholding pattern within the existing promoter group without affecting the overall promoter holding percentage.

The disclosure document indicates that the capital structure has been considered after including the allotment of 49,72,500 equity shares completed on June 25, 2025, post the current transaction. This inter-se transfer represents an internal reorganization of shareholding within the promoter group rather than any external acquisition or dilution of equity.

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.