Manaksia Steels Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Manaksia Steels has announced a board meeting approving its audited consolidated financial results for the quarter and year ended March 31, 2025. The company posted revenue of ₹694 Cr but reported a PAT loss of ₹15.2 Cr, weighed down by foreign exchange losses from its Nigerian subsidiary. The board re-appointed KASG & Co. as Internal Auditor and M/s. B. Mukhopadhyay & Co. as Cost Auditor for FY26. Despite the forex setback, the core metal business remains stable with ongoing focus on operational efficiency and cost controls.