Manaksia Steels Limited — Others, 28-05-2025: Change in Auditors

Manaksia Steels has announced a board meeting outcome approving the financial results for the quarter and half-year. Standalone revenue stood at Rs 190.13 Cr with a net profit of Rs 4.87 Cr for the year. Consolidated revenue was Rs 194.32 Cr but posted a net loss of Rs 15.22 Cr, mainly due to significant foreign exchange losses from its Nigerian subsidiary. The board also confirmed the re-appointment of KASG & Co. as Internal Auditor and B. Mukhopadhyay & Co. as Cost Auditor for FY 2025-26, maintaining audit continuity.