Manaksia Limited — JV/Acquisition, 26-03-2025: Demerger

Manaksia Limited has approved a draft Scheme of Arrangement for the demerger of its Metal Products Business into a new entity, Manaksia Ferro Industries Limited (MFIL). Shareholders of Manaksia Limited will receive one fully paid equity share of MFIL for each share held in Manaksia Limited, effectively creating mirror shareholding patterns. This strategic move aims to enhance operational efficiency and focus on distinct growth trajectories for both companies, thereby unlocking shareholder value and attracting specialized investors. The demerger's successful implementation hinges on approvals from shareholders, creditors, and regulatory bodies, with MFIL shares set to be listed on major stock exchanges.