BSECompany Update4d ago · 6 Nov 2026, 12:50 am
PLEASE FIND ENCLOSED PRESS RELEASE DATED 05.11.206 FOR QIP
Manaksia Coated Metals & Industries Ltd · 539046
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Manaksia Coated Metals & Industries Ltd successfully raises ₹150 crore through QIP, issue fully subscribed, with the capital raise strengthening its balance sheet and enhancing financial flexibility to support its upcoming strategic projects.
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Manaksia Coated Metals & Industries Ltd - 539046 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Sec/Coat/075/FY 2026-27 Date: 05.11.2026
The Secretary The Manager
BSE Limited National Stock Exchange of India Limited
New Trading Wing, Exchange Plaza, C-1, Block “G”
Rotunda Building, 5th floor, Bandra Kurla Complex,
PJ Tower, Dalal Street, Bandra East,
Mumbai- 400001 Mumbai- 400051
Scrip Code: 539046 Symbol: MANAKCOAT
Dear Madam/Sir,
Sub: Press Release
Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, enclosed is Press Release dated 5th November, 2026, titled “MANAKSIA COATED METALS
& INDUSTRIES LIMITED SUCCESSFULLY RAISES RS. 150 CRORE THROUGH QIP, ISSUE FULLY
SUBSCRIBED”.
This is for your information and for public at large.
Thanking you,
Yours faithfully,
For Manaksia Coated Metals & Industries Limited
Shruti Agarwal
Company Secretary & Compliance Officer
Membership No.: F12124
Encl: as stated above
PRESS RELEASE
CIN: L27100WB2010PLC144409 | BSE / NSE Listed
Manaksia Coated Metals & Industries Limited successfully raises ₹150 crore
through QIP; issue fully subscribed
Kolkata, November 5, 2026 - Manaksia Coated Metals & Industries Limited (MCMIL) (BSE: 538598 /
NSE: MANAKCOAT), a leading manufacturer and exporter of coated steel products, has successfully
raised ₹150 crore through a Qualified Institutional Placement (QIP), with the issue fully subscribed.
Cumulative Capital Private Limited acted as the Sole Book Running Lead Manager to the issue. The
fundraise witnessed participation from reputed investors, reflecting their confidence in the Company's
business fundamentals, strategic direction, and long-term growth potential.
The capital raise marks an important step in the Company's financial strategy, strengthening its balance
sheet and enhancing financial flexibility to support its upcoming strategic projects.
MANAGEMENT COMMENTARY
“The successful completion of our ₹150 crore QIP reflects the confidence of reputed investors in our
business fundamentals and long-term growth strategy. The capital raise is part of our broader financing
strategy as we progress through a significant investment cycle involving capacity expansion and backward
integration.
We remain focused on disciplined capital allocation, strengthening our manufacturing capabilities and
building a sustainable foundation for long-term growth. Supported by growing export traction and an
expanding product portfolio, we remain confident of progressing towards our FY29 vision of tripling output,
revenue and EBITDA.”
— Karan Agrawal, Whole Time Director, Manaksia Coated Metals & Industries Limited
ADVANCING STRATEGIC PROJECTS
MCMIL continues to progress on its strategic expansion plans, which are being implemented in phases.
Phase 1: Capacity expansion and renewable energy
The Company is progressing towards the commissioning of its Second Colour Coating Line, which is
expected to add 1,50,000 metric tonnes per annum (MTPA) of capacity, taking its total pre-painted steel
capacity to approximately 2,36,000 MTPA.
The Company is also developing a 7 MW captive solar power plant at its Kutch facility, which is expected
to support lower energy costs and improve operational efficiencies.
Phase 2: Backward integration & Capacity Expansion
Following the commissioning of Phase-1 projects, the Company plans to immediately commence its
backward-integration project and capacity expansion up to 3,60,000 MTPA, which is expected to further
strengthen its manufacturing capabilities and cost competitiveness. The proposed project is expected to
enhance value addition and improve operational efficiencies.
STRONG OPERATING PERFORMANCE AND GROWTH OUTLOOK
The Company's ongoing investments are supported by strong operating momentum and
a growing business pipeline.
During Q2 FY27, MCMIL reported total income of ₹321.55 crore, EBITDA of ₹36.91 crore and Profit After
Tax (PAT) of ₹18.73 crore. The Company reported an order book of approximately ₹525 crore, providing
revenue visibility for the coming months.
The Company continues to focus on expanding its value-added product portfolio, strengthening export
and domestic markets, enhancing manufacturing efficiencies and pursuing disciplined capital allocation.
With a strengthened balance sheet and a clear focus on capacity expansion, backward integration and
operational efficiencies, Manaksia Coated Metals & Industries Limited is positioning itself for its next phase
of growth and long-term value creation.
ABOUT MANAKSIA COATED METALS & INDUSTRIES LIMITED
Manaksia Coated Metals & Industries Limited (MCMIL) is a prominent manufacturer and exporter of
coated steel products. MCMIL manufactures Pre-painted Steel and Alu-Zinc-coated steel in coil & sheet
forms. All value-added steel products are manufactured in the company’s facility in Kutch, Gujarat. Alu-
Zinc and Pre-painted Steel products are value-added and specialized steel products widely used in
various applications for construction, automotive, appliances, and general engineering industries.
Manufacturing highly value-added steel products, the company utilizes modern machinery and
meticulous attention to detail to meet customer specifications. Strategically situated, the company's
manufacturing facility in Kutch, Gujarat, is in close proximity to Kandla and Mundra Ports, enhancing
efficiency for exports, imports, and access to domestic coastal routes.
In summary, MCMIL is renowned for its quality, strategic locations, and commitment to customer
satisfaction. Positioned for ongoing success, it continues to drive innovation in the steel industry while
meeting diverse market demands.
INVESTOR RELATIONS & MEDIA CONTACT
Registered Office: For further information:
8/1 Lal Bazar Street, Bikaner Building, 3rd Floor, Cumulative Capital Private Limited
Kolkata – 700 001 (Sole Book Running Lead Manager)
Phone: +91-33-2243 5053 / 5054 Address: B 309-311, 215 Atrium, Nr. Courtyard
Email: info@mcmil.in / company.secretary@mcmil.in Marriott Hotel, Andheri Kurla Road, Andheri East,
Website: www.manaksiacoatedmetals.com Chakala MIDC, Mumbai- 400093
Tel: +91 98196 62664 / 82000 52280
Email: contact@cumulativecapital.group
Investor grievance e-mail:
investor@cumulativecapital.group
Website: www.cumulativecapital.group
Contact Person: Swapnilsagar Vithalani
SEBI registration No.: INM000013129
Go India Advisors (Investor Relations)
Ms. Sana Kapoor
Phone: +91 8146550469
Email: sana@goindiaadvisors.com
Ms. Naini Luniya
Phone: +91 7987754545
Email: naini@goindiaadvisors.com
Disclaimer: Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such
forward-looking statements are subject to certain risks and uncertainties like significant changes in the economic environment in
India and abroad. Actual results might differ substantially from those expressed or implied. The Company shall not be in any way
responsible for any action taken based on such statements and discussions. The Company also undertakes no obligation to publicly
update these forward-looking statements to reflect subsequent events or circumstances.
*** END OF PRESS RELEAS