Manaksia Coated Metals & (MANAKCOAT) — Board Meeting

💡 Investor Takeaway
This forfeiture does not affect the company's current equity capital or share count.

Manaksia Coated Metals & Industries announced that its board, by circular resolution dated August 4, 2026, approved the lapse of 2 million share warrants issued on January 31, 2025 to AIO Growth Capital Fund SPC due to non-payment of 75% of the subscription amount within the 18-month deadline. The [amount not verified] application money received is now forfeited, but the company's equity share capital remains unchanged as no shares were allotted against these warrants.

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About Manaksia Coated Metals & Industries Limited (MANAKCOAT)

Metals & Mining · Steel · Listed on NSE

Market Cap: ₹1,308.4 Cr P/E: 29.4 ROE: 20.9% ROCE: 24.4% Div Yield: 0.04%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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