Manaksia Limited — Board Meeting, 26-03-2025: Outcome of Board Meeting

The Board has announced a board meeting to discuss the approval of a draft Scheme of Arrangement for the demerger of its Metal Products Business into Manaksia Ferro Industries Limited. The plan aims to create a more focused entity with potential growth opportunities and operational efficiencies, allowing both companies to attract tailored investors and resources. Upon the demerger, shareholders of Manaksia Limited will receive one fully paid equity share of the resulting company for each share held. The process will require requisite approvals and is expected to unlock shareholder value.