Manaksia Steels Limited — Important, 29-07-2025: General Updates

Manaksia Steels has announced a board meeting. Key outcomes include the approval of robust Q1 financial results, showing substantial growth in both profit and revenue. A significant strategic move is the expansion of its Colour Coating Line, adding 90,000 MT/annum capacity to reach 138,000 MT. This ~Rs. 40 Cr investment, funded by internal accruals, targets market demand. The company also recently commissioned a new Aluzinc Coated Steel Line. An Annual General Meeting was approved, alongside the re-appointment of an Independent Director.