Manaksia Coated Metals & Industries Limited — Important, 11-04-2025: Updates

Manaksia Coated Metals & Industries Limited has allotted 27,65,000 equity shares at an issue price of Rs. 18 each, following the conversion of warrants held by M/s. Beacon Stone Capital VCC – Beacon Stone I. This conversion followed the earlier issuance of 2,24,00,000 warrants on a preferential basis. After this allotment, the paid-up equity share capital increases to Rs. 9,31,34,050, with a total of 9,31,34,050 shares outstanding. Notably, all warrants issued on the preferred basis have now been converted into equity shares, with no warrants remaining for conversion. This development strengthens the company's equity base, which could enhance its financial stability moving forward.