Manaksia strengthens governance and business outlook for FY 2024-25

Manaksia Limited is set to hold its 41st annual general meeting (AGM) on Tuesday, September 23, 2025, at 12:30 P.M. (IST) via video conferencing/other audio visual means. The company has released its annual report for FY 2024-25, which includes audited standalone financial statements, reporting a profit after tax of H604.67 Lacs and a total comprehensive income of H606.96 Lacs. The consolidated financial statements indicate a profit before tax of H8,478.65 Lacs and a total comprehensive income of H2,402.17 Lacs.

Key highlights from the report include the appointment of M/s MKB & Associates as secretarial auditors for a five-year term from FY 225-26 to FY 2029-30, with an initial remuneration of H80,000/- plus taxes for FY 2025-26. Manaksia also reported a 4.21% revenue change for standalone financials and an EBITDA margin of 14% for consolidated financials in FY 2024-25. Strategically, the company is investing USD 5 million in a new coated steel unit in Nigeria, aiming for 30% growth in its steel business by 2026-27.

The report also detailed that 99.999% of Manaksia's shares are held in dematerialized form as of March 31, 2025. Additionally, the company's total CSR expenditure for FY 2024-25 was H27.00 Lacs, focused on education and animal welfare. The board emphasized its commitment to transparency and accountability, ensuring compliance with SEBI listing regulations and other applicable provisions.