Manaksia Coated Metals & Industries Limited — Others, 22-07-2025: Change in Auditors
22-07-2025 | 05:40 pm
22-07-2025 | 05:40 pm
The board approved the financial results for the quarter. A significant decision was the amalgamation of JPA Snacks, a wholly-owned subsidiary with -2.58 Cr net assets and no revenue, into Manaksia Coated Metals, which has 222.62 Cr net assets and 781.63 Cr revenue. This move aims to simplify the group structure, improve administration, and reduce compliance costs. No new shares will be issued, and the company's shareholding pattern will remain unchanged. Additionally, the board set the Annual General Meeting (AGM) date, cut-off dates for voting and dividend, and approved new internal and secretarial auditors.
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