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Manaksia Seeks Approval for Material Related Party Transactions Worth ₹945 Cr+ for FY27
Manaksia Limited has issued a postal ballot notice to seek shareholder approval for several material related party transactions (RPTs) scheduled for FY 2026-27. The transactions involve the parent company and its subsidiaries, MINL Limited and Manaksia Ferro Industries, with related entities Manaksia Steels and Sumo Steels. The largest proposed transaction is a ₹420 crore raw material purchase by subsidiary MINL from Sumo Steels. These transactions are stated to be in the ordinary course of business and conducted on an arm's length basis.
Key Highlights
Proposed raw material purchase by subsidiary MINL Ltd from Sumo Steels Ltd up to ₹420 Crores.
Proposed purchase of raw materials and spares by MINL Ltd from Manaksia Steels Ltd up to ₹200 Crores.
Proposed sale of products by Manaksia Ltd to Sumo Steels Ltd up to ₹250 Crores.
Proposed purchase of products by Manaksia Ltd from Manaksia Steels Ltd up to ₹75 Crores.
Remote e-voting period for shareholders ends on March 14, 2026, with results by March 17, 2026.
💼 Action for Investors
Investors should monitor the voting results to ensure these significant intra-group transactions are approved, as they are vital for the company's operational supply chain. Review the explanatory statement to ensure transaction terms are fair and do not impact minority interest.
Manaksia Q3 FY26 Consolidated PAT Rises 11.5% YoY to ₹14.54 Cr; Revenue Dips Slightly
Manaksia Limited reported a consolidated Net Profit of ₹14.54 crore for Q3 FY26, an 11.5% increase from ₹13.05 crore in the same quarter last year. However, revenue from operations saw a marginal decline of 2% YoY, coming in at ₹184.02 crore. The company's EBITDA for the quarter stood at ₹23.92 crore, slightly lower than the ₹25.27 crore reported in Q3 FY25. For the nine-month period, while revenue grew significantly by 18% to ₹547.41 crore, net profit fell by 13% to ₹40.42 crore compared to the previous year, indicating margin pressure.
Key Highlights
Consolidated Net Profit grew 11.5% YoY to ₹14.54 crore in Q3 FY26
Revenue from operations decreased by 2.1% YoY to ₹184.02 crore
EBITDA for the quarter stood at ₹23.92 crore compared to ₹25.27 crore in the year-ago period
9M FY26 revenue showed strong growth of 18.4% reaching ₹547.41 crore
9M FY26 PAT declined to ₹40.42 crore from ₹46.65 crore in the previous year
💼 Action for Investors
Investors should monitor the company's ability to manage costs as 9M profits have declined despite a significant jump in revenue. The stock remains a watch for improvement in operational margins and efficiency.
Manaksia Shareholders Approve Demerger Scheme with 99.99% Majority
Manaksia Limited's shareholders have overwhelmingly approved a Scheme of Arrangement for a demerger involving Manaksia Ferro Industries Limited. In a court-convened meeting held on January 10, 2026, approximately 99.99% of the total votes cast were in favor of the resolution. The meeting was conducted following directions from the NCLT Kolkata Bench to facilitate corporate restructuring. This approval marks a critical milestone in the company's plan to separate its ferro industries business into a distinct entity.
Key Highlights
Resolution for Scheme of Arrangement between Manaksia Ltd and Manaksia Ferro Industries Ltd passed with requisite majority
Total of 5,11,27,124 votes (99.9998%) cast in favor of the demerger proposal
Only 90 votes (0.0002%) were cast against the resolution across all shareholder categories
Meeting conducted via video conferencing as per NCLT Kolkata Bench order dated November 17, 2025
A total of 179 members participated in the voting process with a record date of January 3, 2026
💼 Action for Investors
Investors should monitor subsequent NCLT hearings for final sanction of the scheme and watch for the announcement of the record date for share allotment in the resulting company. The near-unanimous approval suggests strong market confidence in the value-unlocking potential of the demerger.
Manaksia Shareholders Meet to Approve Scheme of Arrangement with Manaksia Ferro Industries
Manaksia Limited conducted an NCLT-convened meeting on January 10, 2026, to vote on a Scheme of Arrangement with Manaksia Ferro Industries Limited. The meeting involved 35,743 eligible shareholders as of the record date, with 106 members attending the virtual session. The resolution requires a special majority for approval under Section 230(6) of the Companies Act. Investors are currently awaiting the final voting results and the Scrutinizer's report to confirm the outcome of the restructuring proposal.
Key Highlights
NCLT-convened meeting held on Jan 10, 2026, regarding a Scheme of Arrangement with Manaksia Ferro Industries.
Total shareholder base of 35,743 as of the record date on Jan 3, 2026.
106 members participated in the meeting via Video Conferencing/OAVM.
Approval requires a special majority as per Section 230(6) of the Companies Act, 2013.
Final voting results to be disclosed separately following the Scrutinizer's report.
💼 Action for Investors
Monitor the stock exchange filings for the final voting results to see if the restructuring is approved. Evaluate the scheme's details to understand how it affects long-term value and shareholding.
Manaksia Ltd: Court Convened Meeting Notice to Equity Shareholders
Manaksia Limited is holding a meeting for equity shareholders on January 10, 2026, at 11:00 A.M. (IST) via video conferencing, as per the National Company Law Tribunal, Kolkata Bench order dated November 17, 2025. The meeting will consider the proposed Scheme of Arrangement between Manaksia Limited and Manaksia Ferro Industries Limited. The notice and explanatory statement are available on the company's website for shareholders whose email addresses are not registered. E-voting will be available from January 07, 2026, at 9:00 A.M. (IST) to January 09, 2026, at 5:00 P.M. (IST).
Key Highlights
Meeting on January 10, 2026, at 11:00 A.M. (IST)
E-voting starts January 07, 2026, at 9:00 A.M. (IST)
E-voting ends January 09, 2026, at 5:00 P.M. (IST)
NCLT Kolkata Bench order dated November 17, 2025
Cut-off date for e-voting is Saturday, January 03, 2026
💼 Action for Investors
Shareholders should review the Scheme of Arrangement documents on the company website and participate in e-voting between January 7-9, 2026. Ensure your email is registered or access the notice online.
Manaksia Ltd: Shareholders Meeting on January 10, 2026 for Scheme of Arrangement
Manaksia Limited is holding a meeting for equity shareholders on January 10, 2026, to consider and approve a Scheme of Arrangement between Manaksia Limited and Manaksia Ferro Industries Limited. The meeting will be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The e-voting period will commence on January 07, 2026 (09:00 A.M. IST) and ends on January 09, 2026 (05:00 P.M. IST). The notice and explanatory statement are available on the company's website.
Key Highlights
Meeting Date: January 10, 2026 at 11:00 A.M. (IST)
E-voting starts: January 07, 2026 at 09:00 A.M. (IST)
E-voting ends: January 09, 2026 at 05:00 P.M. (IST)
Cut-off date for e-voting: January 03, 2026
💼 Action for Investors
Shareholders should review the Scheme of Arrangement documents on the company website and exercise their voting rights during the e-voting period from January 07, 2026 to January 09, 2026.