Manaksia Coated Metals & Industries Limited — Important, 04-07-2025: Updates

Manaksia Coated Metals has announced a board meeting on the financial results for the quarter and half-year. The company completed the preferential allotment of 11.82 lakh equity shares at Rs. 65 each upon conversion of warrants, raising Rs. 5.76 Cr. Post-conversion, the paid-up capital increased to Rs. 105.83 Cr. Key investors Sharda Bhat and Minal Deshpande raised their holdings to 1.98% and 0.94%, respectively. Another 28 lakh warrants remain convertible, potentially increasing equity further. This fund infusion supports the company’s growth and financial stability.