Manaksia Coated Metals And Industries Limited To Raise Funds Via Preferential Issue Of Equity Warrants

This strategic move will benefit the company by moving to a more value-added and premium product, enabling higher margins along with significant growth in production capacity. With the expanded capacity and focus on energy efficiency, the company aims to better meet increasing market demand while reducing its carbon footprint.

Commenting on this achievement, Mr. Karan Agrawal, Whole Time Director, Manaksia Coated Metals & Industries Limited, said, ” We are pleased to announce the approval of the preferential equity warrant issue, which will play a pivotal role in driving our growth and operational improvements. The funds raised will enable us to significantly expand our production capacity, particularly in Alu-Zinc, which will allow us to cater to the growing demand in the market more efficiently. This expansion will also streamline our operations, improve profitability, and ensure that we continue to deliver high-quality products to our customers.

By streamlining our working capital cycle, we will improve liquidity and strengthen financial flexibility. The phased development of a captive solar power plant will not only support the sustainability goals but also help reduce long-term energy costs. Combined with the increased production capacity, these initiatives will enhance the market position, drive greater operational efficiency, and ensure competitiveness, all while contributing positively to the environment.”

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