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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Manaksia Coated Metals & Industries Ltd

Manaksia Coated Metals Converts Warrants, Issues 8 Lakh Equity Shares at Rs. 65

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 30 Jun 2026, 03:53 PM IST  ·  BSE ID: 6dfb388d-8b53-4dcb-b04f-74bdc91871b7
View Original BSE Filing (PDF)
💡
In Simple Terms
The company converted special rights (warrants) into regular shares for its promoters, raising funds.
🤖 AI Summary
  • 800,000 warrants converted to equity shares on June 30, 2026.
  • Allotment was preferential to promoter group members Karan Agrawal and Tushar Agrawal.
  • Equity shares issued at Rs. 65 per share, including Rs. 64 premium.
  • Rs. 3,90,00,000 balance amount received for warrant conversion.
  • Company's issued and paid-up capital increased to Rs. 10,66,34,050.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of warrants converted
8,00,000
Issue price per equity share
Rs. 65/-
Premium per equity share
Rs. 64/-
Balance amount received for conversion
Rs. 3,90,00,000/-
Amount received per warrant (75% of issue price)
Rs. 48.75/-
Face value per equity share
Re. 1/-
Total issued and paid-up capital
Rs. 10,66,34,050/-
Number of outstanding warrants
20,00,000
🏢 How This Affects the Company
💰
Financial Impact
The conversion of warrants brings Rs. 3,90,00,000 in funds into the company and increases its issued and paid-up capital.
👥 What This Means For Shareholders
✅
Action Required
No action is required from existing shareholders regarding this warrant conversion.
👤
Who Is Affected
The promoter group, specifically Karan Agrawal and Tushar Agrawal, are affected by the increase in their equity stake.
🔍
Management Signal
Management is executing the preferential allotment plan for warrants as approved by shareholders.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Monitor conversion of remaining 2,000,000 warrants.
Check for any new capital raising announcements.
Review next quarterly results for financial impact.
LOW RISK Routine capital raising event from promoters, no new risks introduced.
💡 Investor Takeaway
Manaksia Coated Metals completed conversion of 800,000 warrants at Rs. 65 per share, raising Rs. 3,90,00,000. Issued capital now stands at Rs. 10,66,34,050.
⚖️ Strengths & Concerns

✅ Positives

  • Rs. 3,90,00,000 raised via preferential allotment of 800,000 equity shares.
  • Issued and paid-up capital increased to Rs. 10,66,34,050 post-conversion.

⚠️ Concerns

  • Outstanding warrants for conversion stand at 2,000,000 units.
  • Balance amount of Rs. 48.75 per warrant remains due for outstanding warrants.
❓ Frequently Asked Questions
What is Manaksia Coated Metals & Industries Ltd doing with its warrants?
The company converted 800,000 warrants into 800,000 equity shares at an issue price of Rs. 65 each.
How much money did Manaksia Coated Metals raise from this warrant conversion?
The company received a balance amount of Rs. 3,90,00,000/- from the conversion of these warrants.
Who received the new equity shares from Manaksia Coated Metals?
The new equity shares were allotted on a preferential basis to Mr. Karan Agrawal and Mr. Tushar Agrawal.
What is the total issued and paid-up capital of Manaksia Coated Metals after this event?
The company's issued and paid-up capital increased to Rs. 10,66,34,050/- consisting of 10,66,34,050 equity shares.
Are there any other warrants pending conversion at Manaksia Coated Metals?
Yes, 2,000,000 total warrants are still outstanding for conversion into equity shares.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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