AGM and Financial Disclosure Summary
Manoj Ceramic Limited convened its 20th Annual General Meeting on September 22, 2026, via video conference to approve FY26 financial results and special resolutions regarding director remuneration. The company filed comprehensive financial statements for the year ended March 31, 2026, showing robust growth and detailed financial positioning.
Financial Performance Highlights
FY26 standalone revenue grew 22.6% to ₹201.48 crore with net profit increasing 10% to ₹11.86 crore. Consolidated revenue reached ₹202.62 crore. The company reported earnings per share of ₹9.41 (basic) and ₹8.72 (diluted). Key balance sheet items included ₹62.36 crore in inventories, ₹62.16 crore in trade receivables, and significant advances to suppliers of ₹100.31 crore for business continuity.
Loan Portfolio and Financing
The company maintained a diverse borrowing structure totaling ₹29.92 crore from multiple banks and NBFCs with interest rates ranging from 7.5% to 19.5%. Secured loans from banks stood at ₹116.78 lakhs, while unsecured loans included ₹22.73 lakhs from banks, ₹53.73 lakhs from financial institutions, and ₹36.91 lakhs from other entities including related parties.
AGM Resolutions and Director Remuneration
Shareholders approved special resolutions for increased remuneration for three directors: Mr. Manoj Dharamshi Rakhasiya (up to ₹21 lakh annually), Mr. Aakash Manoj Rakhasiya (up to ₹18 lakh annually), and Mrs. Anjana Manoj Rakhasiya (up to ₹21 lakh annually) for the period April 2026 to June 2028. Mr. Dhruv Rakhasiya was re-appointed as Managing Director.
Capital Structure and Corporate Actions
The company completed conversion of 23 lakh warrants to equity shares during FY26, with paid-up share capital of ₹16.21 crore as of March 31, 2026. The UK subsidiary MCPL Ceramic Limited reported turnover of GBP 126,429 (₹148.76 lakhs) with a loss of GBP 9,728 (₹11.44 lakhs).
Operational and Compliance Highlights
The company operates in building materials including ceramic tiles, natural stones, and sanitary fittings, employing 166 people. CSR spending exceeded requirements at ₹20.00 lakh against ₹19.04 lakh mandate. The company maintained Infomerics "IVR BBB-/Positive" credit rating for long-term facilities. No material regulatory orders or fraud cases were reported during the year.
Significant Assets and Expenses
Property, plant and equipment net block stood at ₹545.85 lakhs with additions of ₹92.29 lakhs during FY26. Employee benefits expense was ₹432.38 lakhs, finance costs ₹783.39 lakhs, and other expenses ₹813.07 lakhs including ₹355.71 lakhs in rent and ₹20.02 lakhs CSR expenditure.