The board of Manaksia Coated Metals & Industries at its meeting held on 27 October 2025 has approved the proposal for raising of funds by way of issuance of securities i.e. equity shares or any instrument or security including fully / partially convertible debentures or non convertible debentures or warrants entitling the warrant holder(s) to apply for equity shares, global depository receipts, american depository receipts, foreign currency convertible bonds or any other eligible securities, in one or more tranches, through the permissible modes including but not limited to private placement, preferential issue, qualified institutions placement, or such other methods or combinations thereof as may be considered appropriate and decided by the Board, subject to such statutory/regulatory approvals as may be required including the approval of the shareholders of the Company.
Further, the board has approved increase in authorised share capital from Rs 12.50 crore to Rs 16 crore comprising of equity shares of Re 1 each.