Manaksia Coated Metals Approves Un-audited Results, Raises Borrowing Limit

Manaksia Coated Metals & Industries Ltd announced that its Board of Directors, in a meeting held on October 28, 2026, approved the un-audited financial results for the quarter ended September 30, 2026. The company also approved proposals to increase its borrowing limits under Section 180(1)(a) and 180(1)(c) of the Companies Act, 2013, from ₹1,000 crore to ₹2,500 crore, subject to shareholder approval via postal ballot. Additionally, the Board approved a change in the company's ticker symbol from MANAKCOAT to MCMIL on NSE and BSE. A proposal to increase the ceiling of remuneration for key management personnel was also approved, pending shareholder and statutory approvals. The company will also be circulating a notice for postal ballot to seek shareholder approval for these resolutions.