Manaksia coated metals & ind has submitted its quarterly monitoring agency report for the period ended December 31, 2025, in compliance with SEBI regulations. The report, prepared by CARE Ratings Limited as the monitoring agency, covers the company's Rs. 134.55 crore preferential issue of convertible warrants.

Issue Details and Compliance

The preferential issue was conducted on January 30, 2025, with CARE Ratings Limited serving as the monitoring agency under SEBI regulations. The report confirms that all fund utilization has been in accordance with the disclosures made in the offer document, with no deviations observed from the stated objects.

Fund Utilization Progress

As of December 31, 2025, the company has received Rs. 120.90 crore out of the total issue size of Rs. 134.55 crore. The received funds have been fully utilized across the designated purposes with no unutilized amounts remaining from the received proceeds.

Implementation Status

The monitoring agency report indicates that implementation of stated objects is proceeding as planned. Issue-related expenses and general corporate purpose allocations have been completed, while loan repayment and working capital requirements remain ongoing with completion targeted by November 2026.

Key Compliance Confirmations

• No deviations from objects disclosed in offer document
• No changes in means of finance for disclosed objects
• All statutory requirements being met as applicable
• No unfavorable events affecting object viability

Outstanding Amount

The company is yet to receive Rs. 13.65 crore against the issued share warrants, representing the balance amount from the total preferential issue size. The monitoring agency noted no concerns regarding this pending receipt.

The report was verified by S. Bhalotia & Associates through their CA certificate dated January 21, 2026, providing limited assurance on the fund utilization details. CARE Ratings confirmed no material deviations from previous monitoring reports and found the company's fund deployment consistent with regulatory requirements.

Manaksia coated metals & ind announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing robust profitability growth despite a decline in quarterly revenue. The Kolkata-based coated metals manufacturer demonstrated strong operational efficiency with significant improvements in bottom-line performance.

Financial Performance Highlights

The company's standalone financial results revealed mixed performance trends across different time periods. While quarterly revenue experienced a decline, profitability metrics showed substantial improvement, indicating enhanced operational efficiency and cost management.

Segment-wise Revenue Analysis

The company operates primarily through two business segments, with metal products forming the core revenue driver. The segmental performance analysis reveals the contribution of each business vertical to overall financial results.

Metal Products Segment

The metal products division generated ₹18,376.43 lacs in Q3 FY26 compared to ₹20,129.58 lacs in Q3 FY25. For the nine-month period, this segment contributed ₹64,703.33 lacs versus ₹56,202.79 lacs in the previous year, representing a growth of 15.12%.

Other Business Activities

The 'Others' segment recorded revenue of ₹313.10 lacs in Q3 FY26 against ₹375.45 lacs in Q3 FY25. Nine-month revenue for this segment stood at ₹997.34 lacs compared to ₹1,171.43 lacs in the corresponding period last year.

Profitability and Margins

The company demonstrated exceptional profitability improvement, particularly evident in the nine-month performance. Profit before tax for Q3 FY26 reached ₹970.43 lacs compared to ₹677.11 lacs in the previous year quarter. The nine-month profit before tax showed remarkable growth to ₹4,757.99 lacs from ₹1,285.67 lacs.

Earnings Per Share and Capital Structure

The company reported basic earnings per share of ₹0.73 for Q3 FY26 compared to ₹0.68 in Q3 FY25. For the nine-month period, basic EPS stood at ₹3.48 versus ₹1.57 in the previous year. The paid-up equity share capital increased to ₹1,058.34 lacs from ₹742.69 lacs, reflecting the conversion of warrants into equity shares.

Corporate Actions and Capital Expansion

During the period, the company successfully converted warrants into equity shares through multiple allotments. The authorized share capital was increased from ₹12,50,00,000 to ₹16,00,00,000 through shareholder approval via postal ballot conducted between October 29, 2025, and November 27, 2025.

Consolidated Results

The consolidated financial results, including subsidiaries JPA Snacks Pvt Ltd and Manaksia International FZE, showed similar trends with net profit of ₹734.79 lacs in Q3 FY26 and ₹3,531.51 lacs for the nine-month period. The subsidiaries contributed revenue of ₹9.82 lacs and reported a net loss of ₹22.05 lacs for the nine-month period.