Manaksia Coated Metals & Industries Limited has successfully completed its strategic aluminium-zinc technology upgrade and capacity expansion project. The company announced the commissioning of its enhanced Continuous Galvanising Line through an official press release filed under SEBI LODR Regulations 2015.

Technology Upgrade Completion

The company has successfully transitioned from conventional galvanised steel production to advanced Alu-Zinc coating technology. This strategic transformation enables the company to manufacture higher-value products with superior corrosion resistance standards. The upgrade was executed through a planned shutdown of the Continuous Galvanising Line to implement the comprehensive technology enhancement.

Operational Benefits and Efficiency Gains

The upgraded facility delivers multiple operational improvements including higher line speeds, improved energy efficiency, and optimized coating costs per metric tonne. The enhanced capabilities are expected to support better productivity while maintaining superior quality standards. The company anticipates that these operational efficiencies will contribute to improved EBITDA performance over the medium term.

Management Commentary

Commenting on the successful completion, Mr. Karan Agrawal, Whole Time Director, stated: "The successful Alu-Zinc technology upgrade of our Continuous Galvanising Line marks an important step in strengthening our value-added product portfolio. The capacity expansion to 180,000 MTPA enhances our ability to address growing demand for premium Alu-Zinc coated steel. Improved operating efficiencies, higher line speeds, and optimized coating costs are expected to support margins over the medium term."

Strategic Market Positioning

The upgrade positions the company to capitalize on the premium Alu-Zinc coated steel segment, which offers higher-margin opportunities and strong market acceptance. The enhanced scalability strengthens the company's ability to meet rising demand across both domestic and export markets. This achievement reinforces the company's focus on operational excellence and long-term value creation through advanced manufacturing capabilities.

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.