Manaksia
65.89
+0.60(+0.92%)
Market Cap₹431.80 Cr
PE Ratio8.57
Company Performance:
1D+0.92%
1M+6.65%
6M-9.83%
1Y-19.45%
5Y+19.47%
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More news about Manaksia
30Jul 25
Manaksia Limited Approves Q1 FY2026 Results, Sets AGM Date, and Appoints New Secretarial Auditors
Manaksia Limited approved Q1 FY2025-26 unaudited financial results. The 41st AGM is scheduled for September 23, 2025, via video conferencing, with September 16, 2025, as the voting eligibility cut-off date. M/s. MKB & Associates appointed as new Secretarial Auditors for five years, subject to shareholder approval. The company's demerger scheme for its Metal Product business has received approvals from BSE, NSE, and SEBI, pending NCLT final approval.
29Jul 25
Manaksia Steels Reports Robust Q1 Performance with 306% Surge in Net Profit
Manaksia Steels Limited has reported strong Q1 financial results with significant growth across key metrics. Net profit soared by 306% to ₹65.00 million, while revenue increased by 31.5% to ₹2.17 billion. EBITDA jumped 144% to ₹154.00 million, with the EBITDA margin expanding from 3.79% to 7.08%. The company's performance indicates robust recovery and improved market conditions in the steel industry. Additionally, parent company Manaksia Limited received BSE approval for a proposed demerger of its Metal Products Business undertaking.
29Jul 25
Manaksia Limited Secures BSE and NSE Approvals for Metal Products Business Demerger
Manaksia Limited has received 'No adverse observation/No objection' letters from BSE and NSE for its proposed demerger of Metal Products Business to Manaksia Ferro Industries Limited (MFIL). The approvals come with conditions including disclosure requirements and compliance with SEBI circulars. The observation letters are valid for six months, and MFIL's listing will be subject to SEBI approval. Next steps include filing with NCLT Kolkata and preparing for MFIL's listing.
26Mar 25
Manaksia Limited Unveils Strategic Demerger Plan with Manaksia Ferro Industries
Manaksia Limited's Board has approved a scheme to demerge its Metal Products Business into Manaksia Ferro Industries Limited (MFIL). The demerger involves transferring operations, including those of subsidiary Mark Steels Limited, to MFIL. Shareholders will receive 1 MFIL share for each Manaksia Limited share. The demerged undertaking represents 99.41% of standalone and 46.96% of consolidated turnover for FY 2024. This move aims to enhance business focus, unlock shareholder value, improve capital access, and boost operational efficiency. The scheme awaits regulatory approvals, with MFIL shares to be listed on BSE and NSE post-demerger.
Manaksia
65.89
+0.60
(+0.92%)
1 Year Returns:-19.45%
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