Manaksia Coated Metals & Industries Limited — Important, 25-06-2025: Updates

Manaksia Coated Metals & Industries has announced a board meeting to approve the financial results for the quarter and half-year. The company has converted 49.73 lakh warrants into equity shares at Rs. 65 each, raising Rs. 24.24 Cr, increasing its paid-up capital to Rs. 104.65 Cr. Post allotment, these shares represent 9.13% of the equity. Approximately 39.83 lakh warrants remain outstanding for conversion. This capital infusion strengthens the company’s equity base, potentially supporting growth or debt reduction.