Manaksia Steels Limited (MANAKSTEEL) — Board Meeting | 10 August 2026

10 August 2026 · NSE 🟡 Notable Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Board approved Q1 FY27 results, AGM on Sep 23, 2026, and ₹800 crore Haldia expansion in two phases.

🔄 What Changed

Approved unaudited financial results for Q1 FY27; scheduled AGM for Sep 23, 2026; set shareholder record date as Sep 16, 2026; granted in-principle approval for ₹800 crore expansion project.

🔮 What's Next

The expansion will be implemented in two phases with capacity additions to be completed by FY2029-30 and FY2033-34, and the company is evaluating a 10 MW captive solar plant to support operations.

💡 Investor Takeaway

The ₹800 crore expansion signals significant growth investment, potentially increasing future production capacity and market share in specialty steel segments.

Manaksia Steels announced its August 10, 2026 board meeting outcomes, including approval of unaudited Q1 FY27 financial results, scheduling the AGM for September 23, 2026, setting the shareholder record date for September 16, 2026, and granting in-principle approval for a ₹800 crore expansion of its Haldia facility to produce cold-rolled and coated steel in two phases, with potential future specialty steel capacity additions and a proposed 10 MW captive solar plant, while seeking West Bengal state incentives.

📄 View Original Announcement (PDF)

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About Manaksia Steels Limited (MANAKSTEEL)

Metals & Mining · Steel · Listed on NSE

Market Cap: ₹751.87 CrP/E: 13.4ROE: 17.2%ROCE: 19.4%

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"What is the expected revenue impact of the ₹800 crore expansion?""How will the debt component of the expansion be serviced?""What specific specialty steel products are targeted for Phase II capacity additions?"

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📊 More MANAKSTEEL filings

Announcement — 25 September 2026Manaksia Steels Ltd has announced that its trading window will close on 1 October 2026 for all direc...
🟡 Voting Results — 24 September 2026Manaksia Steels Limited held its 25th Annual General Meeting on September 23, 2026, where all three ...
🟡 Board Meeting — 23 September 2026Manaksia Steels held its 25th AGM on 23 September 2026 via video conference, adopting audited standa...
🔴 Annual Report — 4 September 2026Manaksia Steels informed shareholders that the Annual Report and FY2025-26 AGM notice are available ...
🔴 Annual Report — 27 August 2026Manaksia Steels Ltd (MANAKSTEEL) filed its FY 2025-26 annual report on BSE (Reg. 34(1)) on 27 August...

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

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