Manaksia Limited to demerge metal products business, unlock shareholder value

Manaksia Limited has announced a meeting of its equity shareholders on Saturday, January 10, 2026, to consider and approve a Scheme of Arrangement. This scheme involves the demerger of its Metal Products Business, including an investment in Mark Steels Limited. The business will be transferred to Manaksia Ferro Industries Limited (MFIL), a wholly-owned subsidiary. As part of the scheme, MFIL will issue one fully paid-up equity share of INR 1 for every one equity share of INR 2 held in Manaksia Limited.

This restructuring aims to segregate the Metal Products Business, unlock value for shareholders, and enable a focused strategy for both companies. Manaksia Limited's total income for the year ended March 31, 2025, was INR 17,546.06 Lakhs, with a net profit of INR 604.67 Lakhs. The demerged undertaking's total assets were INR 6,972.36 Lakhs as of March 31, 2025.

The e-voting period for the resolution will commence on Wednesday, January 07, 2026, at 09:00 A.M. IST and conclude on Friday, January 09, 2026, at 05:00 P.M. IST. The cut-off date for determining eligible voters is Saturday, January 03, 2026. The scheme is subject to approvals from the National Company Law Tribunal and relevant regulatory authorities.