Manaksia Limited Approves Q1 FY2026 Results, Sets AGM Date, and Appoints New Secretarial Auditors Jul 30, 2025
Manaksia Steels Reports Robust Q1 Performance with 306% Surge in Net Profit Jul 29, 2025
Manaksia Limited Secures BSE and NSE Approvals for Metal Products Business Demerger Jul 29, 2025
More news about Manaksia
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.