|₹48.75 / ₹18.75|
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Incorporation in 2001,MANAKSIA STEELS LIMITED, Flagship Company of the Manaksia Group,is engaged in manufacturing of steel products. The company is an ISO 9001: 2015 accredited entity and the product portfolio include Cold Rolled Steel Sheets & Coils, Galvanized Steel sheets & Coil. Color Coated Steel sheets & coils. The Company manufactures and sells value added steel products comprising Cold Rolled Coils used in interior and exterior panels of automobiles, buses and commercial vehicles, Galvanised Corrugated Sheets which find use in the rural housing sector and factory sheds and Galvanised Plain Sheets, used in the manufacture of containers and water tanks and Colour Coated (Pre-painted) Coils and Sheets for sale to construction, housing, consumer durable and other industries. The Hon'ble Calcutta High Court vide its Order dated 24 March, 2014 has sanctioned the Scheme of Arrangement under the provisions of Sections 391-394 of the Companies Act, 1956 for demerger of Steel Undertaking of Manaksia Limited into Manaksia Steels Limited on a going concern basis. The certified copy of the Order sanctioning the Scheme has been received by the Company on 19 November, 2014 and the Company has duly filed the said Order with the Registrar of Companies, West Bengal, on 23 November, 2014. The Scheme has become effective on and from the date of filing with the Registrar of Companies. Upon the Scheme being effective, the Company had made application to National Stock Exchange of India Limited and BSE Limited for listing of its equity shares.