Manaksia Coated Metals Board Approves Q2 Unaudited Results, Ups Borrowing Limit

Manaksia Coated Metals & Industries Ltd announced that its Board of Directors, in a meeting held on October 28, 2026, approved the unaudited financial results for the second quarter ended September 30, 2026. The board also approved a significant increase in the company's borrowing limit under Section 180(1)(c) of the Companies Act, 2013, from ₹1,000 crore to ₹2,500 crore, subject to shareholder approval. Additionally, the company approved a change in its stock ticker/symbol from MANAKCOAT to MCMIL on NSE and BSE. The board also approved remuneration ceilings for key management personnel, subject to shareholder and statutory approvals. The company will publish the financial results in newspapers and upload them to its website.