Manaksia Coated Metals & Industries Limited has announced a major technology upgrade and capacity expansion of its Continuous Galvanizing Line (CGL). The leading coated steel metal manufacturer and exporter, specializing in Galvanised Pre-painted Steel in both coil and sheet forms, has undertaken a planned shutdown to implement the conversion from galvanized steel to Aluminium-Zinc coated steel technology.

Technology Upgrade and Capacity Enhancement

The comprehensive project encompasses both technological advancement and significant capacity expansion. The company is upgrading its Continuous Galvanising Line to Aluminium-Zinc coating technology with increased line speeds, while simultaneously expanding production capacity.

Strategic Benefits and Market Positioning

The upgrade is designed to deliver multiple operational and financial benefits. The conversion is expected to improve line productivity and operating efficiency while reducing coating cost per metric tonne and maintaining superior corrosion performance. Additionally, the upgrade aims to enhance overall energy efficiency of the line and support transition towards a higher-value product mix, with potential positive contribution to EBITDA.

The Aluminium-Zinc coated steel market presents significant opportunities with higher market acceptance and premium pricing potential. This positions the company to participate more meaningfully in growing demand across domestic and export markets, supporting scalable volume growth aligned with medium-term business plans.

Management Commentary

Mr. Karan Agrawal, Whole Time Director, emphasized the strategic importance of this initiative: "This upgrade reflects the direction in which we want to take our coated steel business. The move to Aluminium-Zinc coating technology allows us to offer a more durable and application-ready product while also improving the efficiency and reliability of our operations."

He further highlighted the operational continuity: "The transition has been planned with a clear focus on continuity. Our downstream operations of pre-painted steel production continues smoothly, and we remain fully aligned to meet customer requirements during the upgrade period."

Company Performance and Operations

Manaksia Coated Metals & Industries Limited operates with a comprehensive infrastructure including 2 manufacturing plants, 4 branch offices, and 5 stockyards and service centres. The company's manufacturing facility in Kutch, Gujarat, is strategically located near Kandla and Mundra Ports, enhancing efficiency for imports, exports, and domestic coastal routes.

The company manufactures Pre-painted Galvanised Steel and Plain Galvanised Steel in coil sheet forms, serving construction, automotive, appliances, and general engineering industries. With the upgraded line operational, the company expects to strengthen its presence across domestic and export markets while improving operating efficiency and supporting disciplined growth initiatives.

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.