Manaksia Aluminium Company Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant leadership transition as the company seeks to fill this key managerial position.

Leadership Transition Details

Mr. Vivek Jain has tendered his resignation from the position of Company Secretary & Compliance Officer, effective December 12, 2025. The resignation disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Background

Jain's decision stems from his desire to pursue alternate career opportunities outside the organization. In his resignation letter dated October 13, 2025, he confirmed that there are no material reasons for his resignation other than career advancement. The resignation was discussed with the Board on October 10, 2025, with Jain initially requesting relief from responsibilities by December 10, 2025.

Professional Journey and Acknowledgments

During his 11-year tenure with Manaksia Aluminium, Jain described his experience as both professionally rewarding and personally fulfilling. He highlighted the company's commitment to compliance and governance, noting that these principles were followed in both letter and spirit throughout his service period.

In his resignation communication, Jain expressed gratitude to the Board of Directors and Management for their support and cooperation during his tenure. He emphasized that his decision was motivated by a desire to deepen his knowledge and gain different types of exposure in compliance matters.

Company Response and Next Steps

The company has acknowledged Jain's contribution and confirmed that the search for a replacement is underway. Manaksia Aluminium stated it is in the process of identifying and appointing a new Company Secretary and will inform the stock exchanges once the position is filled.

The resignation disclosure was communicated to both BSE Limited (Scrip Code: 539045) and National Stock Exchange of India Limited (Symbol: MANAKALUCO) as per regulatory requirements. The company's Managing Director, Sunil Kumar Agrawal, signed the official communication to the exchanges.

Manaksia Aluminium Company , a key player in the metal products industry, has announced a significant expansion of its global operations with the incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates. The new entity, named Metal Star Ceiling Panel Trading FZE, marks a strategic move by the company to strengthen its presence in the international market.

Subsidiary Details

The newly established subsidiary has been incorporated in the Jebel Ali Free Zone, a strategic location known for its business-friendly environment and excellent connectivity. Key details of the new subsidiary include:

• Name: Metal Star Ceiling Panel Trading FZE
• Location: Dubai, UAE (Jebel Ali Free Zone)
• Paid-up Share Capital: AED 1,00,000
• Shareholding: 100% owned by Manaksia Aluminium Company Limited
• Share Subscription: Cash subscription at AED 25,000 per share

Business Focus

Metal Star Ceiling Panel Trading FZE will primarily focus on:

1. Metal products business
2. Related activities
3. Clearing activities required for the holding company's business

While the subsidiary has not yet commenced business operations, it is expected to play a crucial role in supporting Manaksia Aluminium's metal products business and clearing activities in the region.

Strategic Implications

This move by Manaksia Aluminium Company Limited signifies:

1. Global Expansion: The company is actively pursuing international growth opportunities, with Dubai serving as a strategic hub for the Middle East and surrounding regions.
2. Market Penetration: The new subsidiary is likely to enhance Manaksia Aluminium's ability to serve clients in the UAE and neighboring countries more effectively.
3. Operational Efficiency: By establishing a presence in the Jebel Ali Free Zone, the company may benefit from various trade facilitations and operational advantages.

Regulatory Compliance

The incorporation of the new subsidiary has been duly reported to the stock exchanges, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are promptly informed of significant corporate developments.

Looking Ahead

As Metal Star Ceiling Panel Trading FZE prepares to commence its operations, industry observers will be keenly watching how this strategic move unfolds for Manaksia Aluminium Company Limited. The expansion into Dubai could potentially open new avenues for growth and strengthen the company's position in the global metal products market.

Manaksia Aluminium's decision to establish this subsidiary underscores the company's commitment to expanding its international footprint and capitalizing on emerging opportunities in the metal products sector.