Manaksia Promoter Holding Diluted to 51.93% Post-QIP

Manaksia Coated Metals & Industries Ltd announced that its Promoter and Promoter Group's aggregate shareholding has been diluted from 57.78% to 51.93% following a Qualified Institutions Placement (QIP). The company allotted 1,19,99,847 equity shares to Qualified Institutional Buyers, increasing its paid-up equity share capital. The Promoter and Promoter Group, including Mahabir Prasad Agrawal and PACs, did not participate in the QIP and their absolute shareholding remains unchanged at 6,16,08,767 equity shares. The total diluted share capital of the company increased from 10,66,34,050 to 11,86,33,897 equity shares.