Manaksia Steels Ltd

Manaksia Steels Ltd has completed the dispatch of letters to shareholders who have not registered their email addresses, providing the web-link to the Annual Report for FY 2025-26. This action is in compliance with SEBI Listing Regulations. The company also announced its 25th Annual General Meeting will be held on September 23, 2026, via Video Conferencing. Shareholders are encouraged to register their email addresses with their Depository Participant or the RTA, Maheshwari Datamatics Private Limited, to receive future communications promptly. The Annual Report and AGM Notice are available on the company's website.

Manaksia Steels Ltd has announced its 25th Annual General Meeting (AGM) will be held on September 23, 2026, at 3:00 PM IST via Video Conferencing. The meeting will cover the adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year 2025-26, the re-appointment of a director retiring by rotation, and the ratification of remuneration for the Cost Auditors for the Financial Year ending March 31, 2027. The Annual Report and AGM notice are being sent electronically to registered shareholders, with links also available on the company's website. The cut-off date for determining eligible shareholders is August 14, 2026.

Manaksia Steels Ltd has announced its 25th Annual General Meeting (AGM) scheduled for Wednesday, September 23, 2026, at 3:00 PM IST, to be conducted via Video Conferencing. The company is providing its Annual Report for FY 2025-26 and the AGM notice electronically to registered members. Shareholders whose emails are not registered will receive a weblink to access these documents on the company's website. The agenda includes adopting audited standalone and consolidated financial statements for FY 2025-26, re-appointment of a director retiring by rotation, and ratification of remuneration for the Cost Auditors for FY 2026-27.

Manaksia Steels Ltd has settled a pending litigation concerning land in Haldia, West Bengal. The company deposited an enhanced land premium of ₹3,32,50,000/- in favor of the Haldia Development Authority, complying with a High Court order dated July 27, 2026. This settlement concludes the litigation, with no further outstanding liabilities. The dispute originated from an enhanced land premium demand for 35 acres of land, originally transferred to Manaksia Steels from Manaksia Ltd. The company anticipates no adverse financial implications from this payment.

Manaksia Steels Ltd has disclosed a pending litigation concerning land in Haldia, West Bengal. The dispute arises from an order directing the company to pay an enhanced land premium of ₹3,32,50,000 (Rupees Three Crores Thirty-Two Lakhs Fifty Thousand only) for 35 acres of land. This amount is the remaining enhanced premium after the original rate was increased significantly. The company received this information from Manaksia Limited, as the land transfer records are yet to be updated with the statutory authority. While the order mandates payment, Manaksia Steels envisages no adverse financial implications in its working, though an appeal by the petitioner is possible.

Manaksia Steels Ltd. announced its un-audited financial results for the first quarter of FY27 (ended June 30, 2026). The company reported robust growth across key financial parameters. Total Income saw a significant year-on-year increase of 50% to ₹305.88 crore on a standalone basis. EBITDA grew by 189.70% to ₹36.33 crore, and Profit After Tax (PAT) surged by 252.59% to ₹22.38 crore. The company highlighted strong performance in its value-added coated steel products and international operations, with its Nigerian subsidiary recording approximately 50% year-on-year revenue growth. Capacity utilization for the Aluzinc-Coated Steel Line was around 90%, and the Colour-Coating Line operated at full capacity.

Manaksia Steels Ltd announced that its Board of Directors has approved the Unaudited Financial Results for the quarter ended June 30, 2026. The 25th Annual General Meeting (AGM) is scheduled for September 23, 2026, with September 16, 2026, fixed as the cut-off date for e-voting. Additionally, the company granted in-principle approval for a significant expansion of its Haldia manufacturing facility, involving an estimated investment of ₹800 crore for Cold-Rolled Coil and Coated Steel production. This expansion includes setting up a Colour Coating Line – II, a Cold Rolling Mill, and potentially a captive solar power plant. The company is also seeking special incentives from the West Bengal government for its specialty steel product lines.

Manaksia Steels Ltd announced board approval for a significant expansion of its Haldia manufacturing facility. The project, estimated at ₹800 crore, will focus on producing Cold-Rolled Coil and Coated Steel in two phases. Phase I includes a Colour Coating Line – II and a Cold Rolling Mill, with additional capacity for GP/Alu Zinc Coils. The company is also evaluating a 10 MW captive solar power plant. Phase II will target speciality steel products, with the company seeking state incentives. The board also approved unaudited financial results for Q1 FY27 and scheduled the 25th AGM for September 23, 2026.

Manaksia Steels Ltd's Board of Directors met on August 10, 2026, to approve the un-audited financial results for the quarter ended June 30, 2026. The company also announced plans for its 25th Annual General Meeting on September 23, 2026. A significant development was the in-principle approval for an expansion of its Haldia manufacturing facility, involving a ₹800 crore investment over two phases. This expansion will focus on Cold-Rolled Coil and Coated Steel production, including a new Colour Coating Line – II and a Cold Rolling Mill. The company is also evaluating a 10 MW captive solar power plant and seeking state government incentives for specialty steel products.

Manaksia Steels Ltd announced that its 25th Annual General Meeting (AGM) will be held on September 23, 2026. The Board of Directors, in a meeting on August 10, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. Additionally, the company granted in-principle approval for a significant expansion of its Haldia manufacturing facility, involving an estimated investment of ₹800 crore for the production of Cold-Rolled Coil and Coated Steel. This expansion will occur in two phases and may include a captive solar power plant. The company is also seeking special incentives from the West Bengal government for its specialty steel sector expansion plans.