StockWatch
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Iron & Steel Products
Board Meeting6 May 2026, 07:51 pm

Manaksia Coated Metals: Audited Results Approved, Dividend Declared

AI Summary

Manaksia Coated Metals & Industries Ltd's board approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of Re.0.05 (5%) per equity share. The board also approved the appointment of M/s Audittech 360 Financial Services Private Limited as the Internal Auditor for FY 2026-27 and M/s. S. Chhaparia & Associates as Cost Auditor, subject to shareholder ratification. Additionally, the re-appointment of Mr. Addanki Venkata Srinarayana as Wholetime Director and increases in remuneration for key management personnel were approved, subject to shareholder approval.

Key Highlights

  • Audited financial results (standalone & consolidated) for FY26 approved.
  • Final dividend of Re.0.05 (5%) per share recommended for FY26.
  • Audittech 360 appointed as Internal Auditor for FY 2026-27.
  • S. Chhaparia & Associates appointed as Cost Auditor for FY 2026-27, subject to shareholder ratification.
  • Re-appointment of Mr. Addanki Venkata Srinarayana as Wholetime Director approved, subject to shareholder approval.