Manaksia Coated Metals & Industries Limited announced the outcome of its Board Meeting held on May 6, 2026. The Board approved the Audited Financial Statements (Standalone & Consolidated) for the quarter and year ended March 31, 2026, along with an Independent Audit Report with an Unmodified Opinion. The company recommended a Final Dividend of Re. 0.05 (5%) per equity share for the Financial Year ended March 31, 2026. This dividend, if approved by shareholders at the upcoming Annual General Meeting (AGM), will be paid within 30 days of declaration. The record date will be intimated later. In terms of appointments, M/s Audittech 360 Financial Services Private Limited has been appointed as the Internal Auditor for the Financial Year 2026-27. Additionally, M/s. S. Chhaparia & Associates (FRN: 101591) has been appointed as the Cost Auditor for FY 2026-27, subject to shareholder ratification of their remuneration at the forthcoming AGM. The Board also approved the re-appointment of Mr. Addanki Venkata Srinarayana as Wholetime Director for a period of 3 years effective May 30, 2026, subject to shareholder approval at the ensuing AGM. Furthermore, the company announced an increase in remuneration for Mr. Sushil Kumar Agrawal (Managing Director), Mr. Karan Agrawal (Wholetime Director), and Mr. Tushar Agrawal (Senior Vice-President), all subject to shareholder approval at the AGM. The Board Meeting commenced at 12:30 p.m. and concluded at 5:30 p.m.
