Board Meeting Details

The meeting commenced at 12:30 p.m and concluded at 05:00 p.m on Wednesday, 28th October, 2026.

Key Decisions Approved

1. Financial Results Approval

  • Approved the Un-audited Financial Results of the Company for the quarter ended 30th September, 2026
  • The results were reviewed by M/s S Bhalotia & Associates, Chartered Accountants, Statutory Auditors of the Company
  • Results to be published in newspapers as per Regulation 47(1) and uploaded on company website https://www.manaksiacoatedmetals.com/ as per Regulation 46(2)

2. Increase in Ceiling Limit under Section 180(1)(a)

  • Approved increase from ₹1,000 crore to ₹2,500 crore
  • Subject to approval of shareholders by postal ballot

3. Increase in Borrowing Limit under Section 180(1)(c)

  • Approved increase from ₹1,000 crore to ₹2,500 crore
  • Subject to approval of shareholders by postal ballot

4. Ticker/Symbol Change

  • Approved change from MANAKCOAT to MCMIL
  • No change to ISIN, shareholders' rights or listing status
  • Company to apply to NSE and BSE for necessary approvals
  • Requisite disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015 to be made

5. Remuneration Approval

  • Approved ceiling of remuneration up to 5% of Company's net profits to each person subject to performance-based evaluation for:
  • Mr. Sushil Kumar Agrawal (Managing Director)
  • Mr. Karan Agrawal (Whole-time Director)
  • Mr. Tushar Agrawal (Senior Vice President)
  • Mr. Devansh Agrawal (Vice President - Business Development)
  • Subject to shareholders approvals by Postal Ballot and applicable statutory approvals
  • Compliance with relevant provisions of Companies Act, 2013 and SEBI (LODR), 2015

6. Postal Ballot Notice

  • Approved Notice of Postal Ballot for obtaining shareholders' approval for necessary resolutions
  • Copy to be circulated separately

Financial Results for Quarter Ended 30th September, 2026 (Standalone)

Income Statement Highlights:

  • Revenue from Operations: ₹318.69 crore (Q2 FY26: ₹220.33 crore)
  • Other Income: ₹2.83 crore (Q2 FY26: ₹3.33 crore)
  • Total Income: ₹321.55 crore (Q2 FY26: ₹223.65 crore)
  • Profit before tax: ₹251.05 crore (Q2 FY26: ₹190.85 crore)
  • Tax expense: ₹63.71 crore (Current Tax: ₹62.56 crore, Deferred Tax: ₹1.15 crore)
  • Net Profit for the period: ₹187.34 crore (Q2 FY26: ₹140.24 crore)
  • EPS (Basic): ₹1.76 (Q2 FY26: ₹1.38)
  • EPS (Diluted): ₹1.75 (Q2 FY26: ₹1.40)

Half Year Ended 30th September, 2026 (Standalone):

  • Revenue from Operations: ₹580.83 crore (H1 FY26: ₹470.11 crore)
  • Net Profit: ₹329.50 crore (H1 FY26: ₹281.25 crore)
  • EPS (Basic): ₹3.09 (H1 FY26: ₹2.80)
  • EPS (Diluted): ₹3.08 (H1 FY26: ₹2.77)

Balance Sheet Position (Standalone as at 30th September, 2026):

  • Equity Share Capital: ₹10.66 crore (Face Value: ₹1 per share)
  • Other Equity: ₹3,853.60 crore
  • Total Equity: ₹3,864.26 crore
  • Total Assets: ₹8,852.30 crore

Cash Flow Statement (Standalone Half Year Ended 30th September, 2026):

  • Net cash from operating activities: ₹27.03 crore
  • Net cash used in investing activities: ₹(572.08) crore
  • Net cash from financing activities: ₹535.67 crore
  • Net increase in cash: ₹(9.38) crore

Warrant Conversion Details

The company had issued and allotted 2,07,00,000 warrants on preferential allotment basis to Promoter and Non-Promoter groups during the period of 18 months for Promoters group and 6 months for Non-Promoter groups from the date of allotment (10th December 2025).

Warrant holders had paid 25% of total consideration of ₹10.05 per warrant amounting to ₹5.21 crore as application money. The company allotted:

  • 57,90,000 Equity shares against 57,90,000 warrants on 19th May 2025
  • 49,72,000 Equity shares against 49,72,000 warrants on 20th April 2025
  • 11,87,500 Equity shares against 11,87,500 warrants on 4th July 2025
  • 8,00,000 Equity shares against 8,00,000 warrants on 20th June 2026

The Board, by a circular resolution dated 4th August 2026, approved the lapse and cancellation of 20,00,000 warrants held by M/s ALG Corporate Capital Fund BPS, as the balance 75% was not paid within stipulated time. The application amount of ₹0.50 crore was forfeited and transferred to Capital Reserve.

Segment Reporting

Pursuant to a reassessment carried out during the current quarter, the Management determined that none of the entities qualify the quantitative thresholds prescribed under Ind AS 108. Accordingly, segment reporting is not furnished for the quarter ended 30th September, 2026.

Auditor's Review

M/s S Bhalotia & Associates, Chartered Accountants conducted limited review of the financial results and issued unmodified review reports for both standalone and consolidated financial results.

Consolidated Financial Results

Includes financial results of:

1. JPA Snacks Pvt Ltd

2. Manaksia International FZE

Company's share of total revenue from subsidiaries: ₹5.55 lakhs

Company's share of net loss after tax from subsidiaries: ₹(11.60) lakhs