Manaksia Aluminium Company Limited held its 16th Annual General Meeting on Tuesday, 22nd September, 2026 through video conferencing/audio visual means. The meeting commenced at 01:30 PM IST and concluded at 02:33 PM IST, lasting 1 hour and 3 minutes including time allowed for e-voting.
Meeting Conduct and Attendance
The meeting was chaired by Mr. Chandan Ambaly as Chairman. Mr. Abhishek Chakraborty, Company Secretary & Compliance Officer, welcomed members and confirmed requisite quorum was present. The cut-off date for determining voting rights was Tuesday, 15th September, 2026.
E-Voting Process
The company engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility which commenced on Saturday, 19th September, 2026 at 9:00 AM IST and ended on Monday, 21st September, 2026 at 5:00 PM IST. Mr. Asit Kumar Labh, Practicing Company Secretary (ACS 32891), was appointed as Scrutinizer to scrutinize votes cast through both remote e-voting and e-voting at the AGM.
Proceedings and Resolutions
The following businesses from the notice dated 11th August, 2026 were transacted:
Ordinary Businesses:
1. Adoption of Annual Audited Financial Statements for FY ended 31st March, 2026 and Reports of Board of Directors and Auditors (Ordinary Resolution)
2. Declaration of Final Dividend of Re. 0.05 (5%) per equity share of Re. 1/- each for FY ended 31st March, 2026 (Ordinary Resolution)
3. Appointment of director in place of Mr. Sunil Kumar Agrawal (DIN: 00091784) who retires by rotation (Ordinary Resolution)
Special Businesses:
4. Re-appointment of Mr. Sunil Kumar Agrawal (DIN: 00091784) as Managing Director for a further period of 3 years with effect from 23rd November, 2026 (Special Resolution)
5. Ratification of remuneration payable to M/s S. Chhaparia & Associates, Cost Accountants for FY 2026-27 (Ordinary Resolution)
6. Approval for Material Related Party Transactions with wholly owned subsidiary Metal Star Ceiling Panel Trading FZE not exceeding ₹250 Crores (Ordinary Resolution)
7. Approval for Material Related Party Transactions with Athena Deox and Alloys Private Limited not exceeding ₹100 Crores (Ordinary Resolution)
Management Presentations
Mr. Chandan Ambaly, Chairman, delivered a speech about the global economy. Mr. Sunil Kumar Agrawal, Managing Director, presented on the company's financial performance for the year ended 31st March, 2026. Mr. Anirudha Agrawal, Whole-time Director & CEO, briefed members about the future outlook of the company.
Shareholder Interaction
Three registered speakers expressed feedback, queries and suggestions during the meeting. Mr. Anirudha Agrawal responded to the queries and provided necessary clarifications.
Results Declaration
The consolidated results of e-voting along with Scrutinizer's Report will be declared within 2 working days from the conclusion of the AGM. The results will be available on the company's website, NSDL website, and submitted to NSE and BSE. Results will also be placed on the notice board of the company's Registered Office.
The meeting was conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, and Secretarial Standard (SS-2) issued by ICSI.