ALPHA TRIBE

Manaksia Coated Metals & Industries LimitedOthers, 22-07-2025: Change in Auditors

22-07-2025 | 05:37 pm

The company's board approved its financial results for the recent quarter. They also set the 15th Annual General Meeting for virtual attendance, with relevant cut-off dates. New Internal and Secretarial Auditors were appointed. A major strategic move approved is the merger of JPA Snacks Private Limited, a wholly-owned subsidiary, into the company. This amalgamation aims to simplify the group structure, improve administration, and reduce costs. JPA Snacks has nil revenue and negative net assets of (2.58) Cr, while the parent company reported revenue of 781.63 Cr and net assets of 222.62 Cr. This merger will not change the company's shareholding.

No comments yet. Be the first to comment!

All announcements from Manaksia Coated Metals & Industries Limited