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MANAKSIA - Manaksia

📊 NSE: MANAKSIA 🏢 Trading 📅 Last Updated: 12/14/2025 9:30

📢 Recent Corporate Announcements

Manaksia Promoters Declare Zero Pledged Shares for FY Ended March 31, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Apr 2026, 09:53 AM

Basudeo Agrawal, representing the promoter group and Persons Acting in Concert (PACs), has filed a mandatory disclosure under SEBI Takeover Regulations. The filing confirms that the promoter group held 1,68,73,480 shares, totaling a 25.747% stake in Manaksia Limited as of March 31, 2026. Crucially, the declaration states that no shares were encumbered or pledged during the financial year. This routine annual compliance ensures transparency regarding the status of promoter holdings.

Promoter group holds a total of 1,68,73,480 shares, representing 25.747% of the company.
Zero shares were encumbered or pledged by the promoter group during the financial year.
Vineet Agrawal is the largest holder within the group with 81,16,245 shares (12.384%).
Anuradha Agrawal holds 47,12,500 shares, accounting for 7.191% of the total capital.
The disclosure was made in compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011.

💡 This is a routine regulatory filing that confirms the absence of promoter share pledging, which is a positive sign of financial health. No immediate action is required as this does not change the company's fundamentals.

Manaksia Limited Submits SEBI Compliance Certificate for Q4 FY 2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Apr 2026, 04:02 PM

Manaksia Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Maheshwari Datamatics Private Limited, confirms that all dematerialization requests for the quarter ended March 31, 2026, were processed within the prescribed timelines. It further verifies that physical security certificates were mutilated and cancelled after due verification. This is a standard administrative filing required by all listed companies in India.

Compliance certificate submitted for the quarter ended March 31, 2026.
Issued by Registrar and Transfer Agent (RTA) Maheshwari Datamatics Private Limited.
Confirms that security certificates received for dematerialization were mutilated and cancelled.
Verification and substitution of depository names in the register were completed within SEBI timelines.

💡 This is a routine regulatory filing with no impact on the company's fundamentals. No specific action is required from investors.

Manaksia Promoters Declare Zero Pledged Shares for FY 2025-26; Total Holding at 49.18%

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 10 Apr 2026, 12:43 PM

Suresh Kumar Agrawal, representing the promoter group and Persons Acting in Concert (PAC), has submitted a formal declaration under SEBI Takeover Regulations for the financial year ended March 31, 2026. The disclosure confirms that the promoter group has not encumbered or pledged any shares, directly or indirectly, during the period. The total promoter shareholding stands at 3,22,32,460 shares, which accounts for 49.184% of the company's total equity. This routine annual filing provides transparency regarding the stability of the promoter's stake.

Promoter group confirms zero (NIL) encumbrance of shares for the financial year ended March 31, 2026.
Total promoter and PAC shareholding is 3,22,32,460 shares, representing 49.184% of the company.
Major individual holdings include Varun Agrawal at 18.878% and Suresh Kumar Agrawal at 9.427%.
Corporate entities like Vajra Machineries Private Limited and Manaksia Steels Limited hold 9.508% and 6.103% respectively.

💡 Investors should note this as a positive sign of financial health and promoter commitment, as zero pledging reduces the risk of market volatility-induced sell-offs. No immediate action is required as this is a routine compliance disclosure.

Manaksia Promoters Declare Zero Pledged Shares for FY 2025-26; Total Holding at 49.18%

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 10 Apr 2026, 12:30 PM

Suresh Kumar Agrawal, representing the promoter group of Manaksia Limited, has filed a formal declaration under Regulation 31(4) of SEBI SAST Regulations. The disclosure confirms that the promoter and Persons Acting in Concert (PAC) held 3,22,32,460 shares, accounting for 49.184% of the company as of March 31, 2026. Most importantly, the promoters declared that no shares were encumbered or pledged during the financial year. This routine annual disclosure provides transparency regarding the stability of the promoter's stake.

Total promoter and PAC shareholding stands at 3,22,32,460 shares (49.184%)
Promoters declared NIL encumbrance or pledging of shares for the financial year ended March 31, 2026
Varun Agrawal is the largest individual shareholder within the group with an 18.878% stake
Corporate entities Vajra Machineries and Manaksia Steels hold 9.508% and 6.103% respectively

💡 The absence of pledged shares is a positive sign of promoter financial health and reduces the risk of forced liquidation. Investors can maintain their positions as the shareholding structure remains stable and unencumbered.

Manaksia Limited Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 01:06 PM

Manaksia Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the announcement of audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the results are declared to the stock exchanges. The specific date for the board meeting to approve these results will be communicated in due course.

Trading window closure effective from April 1, 2026.
Closure pertains to the audited financial results for the quarter and year ended March 31, 2026.
Restriction applies to Directors, Designated Persons, and their immediate relatives.
Window to reopen 48 hours after the official announcement of financial results.

💡 This is a routine regulatory announcement with no direct impact on the company's fundamentals. Investors should monitor for the upcoming board meeting date to assess the company's full-year financial performance.

Manaksia Shareholders Approve Material Related Party Transactions with 99.8% Majority

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 17 Mar 2026, 01:20 PM

Manaksia Limited has successfully obtained shareholder approval for five ordinary resolutions concerning material related party transactions (RPTs) for the upcoming financial year 2026-27. These transactions involve the company and its wholly-owned subsidiaries, MINL Limited and Manaksia Ferro Industries Limited, with related entities Manaksia Steels and Sumo Steels. All resolutions were passed with an overwhelming majority of approximately 99.85% of the valid votes cast via postal ballot. This approval ensures the company can maintain its operational and supply chain relationships within its group structure for the next fiscal year.

Five ordinary resolutions for material RPTs in FY 2026-27 were approved by shareholders.
All resolutions passed with a dominant majority of 99.8475% in favor.
A total of 2,068,390 valid votes were cast during the e-voting period ending March 14, 2026.
Transactions involve key group entities including Manaksia Steels Limited and Sumo Steels Limited.
The voting process was scrutinized by Vinod Kothari & Company to ensure transparency and compliance.

💡 No immediate action is required as these approvals are part of standard annual corporate governance and operational planning. Investors should monitor future financial statements to ensure these related party transactions remain at arm's length.

Manaksia Seeks Approval for Material Related Party Transactions Worth ₹945 Cr+ for FY27

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 12 Feb 2026, 12:22 PM

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.

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.

💡 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

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 30 Jan 2026, 06:32 PM

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.

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

💡 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

🟢 POSITIVE ⭐ 8/10

M&A 📅 12 Jan 2026, 01:37 PM

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.

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

💡 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

🔵 WATCH ⭐ 8/10

M&A 📅 10 Jan 2026, 12:20 PM

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.

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.

💡 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 Limited Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 12:51 PM

Manaksia Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the period ended December 31, 2025. The certificate, issued by Maheshwari Datamatics Private Limited, confirms that dematerialization requests were processed and security certificates were mutilated and cancelled as per guidelines. This is a standard administrative filing ensuring that the company's register of members is accurately updated with depository information.

Compliance certificate submitted for the quarter ended December 31, 2025.
Registrar and Transfer Agent (RTA) confirms processing of dematerialization requests within prescribed timelines.
Verification that security certificates were mutilated and cancelled after due verification by depository participants.
Confirmation that the name of depositories has been substituted in the register of members as the registered owner.

💡 No action is required as this is a routine regulatory filing with no impact on the company's fundamentals or financial performance.

Manaksia Limited Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Dec 2025, 12:57 PM

Manaksia Limited has informed the stock exchanges that its trading window will be closed starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results. The closure pertains to the un-audited financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all directors and designated persons until 48 hours after the results are publicly announced.

Trading window closure effective from January 1, 2026
Closure relates to the un-audited financial results for the quarter and nine months ended December 31, 2025
Window to reopen 48 hours after the official announcement of financial results
Restriction applies to all Directors, Designated Persons, and their immediate relatives
Board meeting date for result approval to be announced in due course

💡 This is a routine regulatory filing with no direct impact on stock fundamentals. Investors should wait for the announcement of the board meeting date to track the company's Q3 performance.

Manaksia Ltd: Court Convened Meeting Notice to Equity Shareholders

🟡 NEUTRAL ⭐ 6/10

LEGAL 📅 10 Dec 2025, 06:37 PM

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).

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

💡 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

🟡 NEUTRAL ⭐ 7/10

M&A 📅 09 Dec 2025, 01:35 PM

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.

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

💡 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.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 2.7% YoY to INR 785.37 Cr. Standalone revenue (primarily metal trading) grew 1.4% YoY to INR 175.46 Cr. Mark Steels Limited (subsidiary) revenue declined 9.9% to INR 152.83 Cr.

Geographic Revenue Split

The Group has significant operations in Nigeria (MINL Limited, Jebba Paper Mills), Ghana (Dynatech Industries), and India (Mark Steels, Manaksia Ferro Industries). Specific % split per region is not disclosed in available documents.

Profitability Margins

Consolidated EBITDA margin fell from 20.78% to 13.81% (a 697 bps drop). Consolidated PAT margin declined from 9.88% to 7.13% (INR 55.98 Cr PAT). Standalone PAT was INR 6.05 Cr, down 67% YoY from INR 18.34 Cr.

EBITDA Margin

Consolidated EBITDA margin was 13.81% in FY 2024-25, down from 20.78% in FY 2023-24. EBITDA absolute value fell 31.7% to INR 108.48 Cr due to an 18.3% increase in raw material consumption costs.

Capital Expenditure

Consolidated additions to Property, Plant and Equipment (PPE) were INR 6.61 Cr in FY 2024-25, primarily driven by Building additions of INR 6.27 Cr. Capital Work in Progress (CWIP) stood at INR 0.20 Cr.

Credit Rating & Borrowing

The Company improved its debt-equity ratio to 0.04x in FY 2024-25 from 0.13x in FY 2023-24. Interest coverage ratio was 9.30x as of March 31, 2025. Consolidated finance costs were INR 1.10 Cr.

⚙️ Operational Drivers

Raw Materials

Metals and other items for trading; raw materials for metal products and paper manufacturing (Jebba Paper Mills). Specific material names like aluminum or steel coils are implied but not itemized.

Capacity Expansion

Current installed capacity is not specified. Planned expansion involves the demerger of the metal product business into Manaksia Ferro Industries Limited (MFIL) to focus on operational efficiency.

Raw Material Costs

Cost of materials consumed (Consolidated) was INR 425.92 Cr, representing 54.2% of total revenue, up 18.3% YoY from INR 359.94 Cr.

📈 Strategic Growth

Growth Strategy

The primary strategy is the demerger of the metal product business into Manaksia Ferro Industries Limited (MFIL) to unlock shareholder value and focus on core trading and manufacturing separately. The company also relies on its diversified product portfolio to sustain performance amid policy shifts in foreign markets.

Products & Services

Trading of Metals and other items; Metal Products; Paper (via Jebba Paper Mills).

Brand Portfolio

Mark Steels, MINL, Jebba Paper Mills, Dynatech Industries.

🌍 External Factors

Industry Trends

The industry is characterized by volatile raw material costs and regional political risks. The company is positioning itself for the future by demerging manufacturing from trading to improve focus and efficiency.

Competitive Landscape

Key competitors include Manaksia Steels Limited, Manaksia Aluminium Company Limited, and Manaksia Coated Metals & Industries Limited (related parties).

Competitive Moat

Moat is built on a diversified product portfolio and strong consumer demand for its offerings, which provides resilience against regional governance shifts. This is sustainable as long as the company maintains its low-debt profile (0.04x D/E).

Macro Economic Sensitivity

Sensitive to Nigeria's political and policy environment and global metal price fluctuations.

Geopolitical Risks

Nigeria's political environment is cited as a key risk to stability and growth for the Group's foreign subsidiaries.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Companies Act 2013, SEBI Listing Obligations, and local regulations in Nigeria and Ghana. The demerger is being executed under Sections 230-232 of the Companies Act.

Taxation Policy Impact

Consolidated tax provision was INR 26.66 Cr for FY 2024-25, representing an effective tax rate of approximately 31.4% on PBT.

Legal Contingencies

The company notes inherent limitations in internal financial controls regarding fraud or collusion. No specific pending court case values are disclosed.

⚠️ Risk Analysis

Key Uncertainties

Nigeria political risk and raw material price volatility (which caused a 31.7% drop in EBITDA) are the primary uncertainties.

Geographic Concentration Risk

Significant revenue concentration in Nigeria and India.

Third Party Dependencies

Related party purchases of goods totaled INR 339.96 Cr, indicating significant dependency on group-linked entities.

Credit & Counterparty Risk

Consolidated trade receivables for the demerged undertaking were INR 37.98 Cr. Standalone undisputed trade receivables considered good were INR 3.45 Cr.