Manaksia Coated Metals & Industries Limited announced the outcome of its Board Meeting held on May 6, 2026. The Board approved the Audited Financial Statements, both Standalone and Consolidated, for the quarter and year ended March 31, 2026. 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. Furthermore, the Board approved the appointment of M/s. Audittech 360 Financial Services Private Limited as the Internal Auditor for the Financial Year 2026-27. M/s. S. Chhaparia & Associates (FRN: 101591) was appointed as the Cost Auditor for FY 2026-27, subject to shareholder ratification of 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, pending shareholder approval at the ensuing AGM. Additionally, based on recommendations from the Nomination & Remuneration Committee and approval from the Audit Committee, the Board approved increases 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.
