Manaksia is a multi-division and multi-location conglomerate. It possesses 17 manufacturing plants in India and 4 abroad; two in Nigeria, one in Ghana and one in Georgia. The Group was promoted by Sri Basant Kumar Agrawal and Sri Suresh Kumar Agrawal. It is headquartered in Kolkata, India. Shares of one of the Company of the Group presently, Manaksia Ltd. are listed on the Bombay Stock Exchange and the National Stock Exchange.
Under a scheme of demerger four divisions of Manaksia (the “Transferor Company”) viz. Steel Division, Packaging Division, Coated Metal & Mosquito Coil Division and Aluminium Division have demerger into the Four Transferee Companies viz. Manaksia Steels Limited, Manaksia Industries Limited, Manaksia Coated Metals & Industries Limited and Manaksia Aluminium Company Limited respectively vide an Order of the Hon’ble Calcutta High Court with filing of the Certified Copy of Order with the Registrar of Companies, West Bengal on 23rd November, 2014. These Four Transferee Companies will soon be listed on the Bombay Stock Exchange and the National Stock Exchange.
The equity shareholders of the Transferor Company, whose names appear in the Register of Members of the Transferor Company on 5th December, 2014, the Record Date, will be allotted for every 1 equity share of nominal value of Rs. 2/- each fully paid up of Manaksia Ltd.:
a) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Steels Limited;
b) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Industries Limited;
c) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Coated Metals & Industries Limited;
d) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Aluminium Company Limited.
Manaksia Group specialises in the manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others.
The Group's metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open and other metal containers. In the fast moving consumer goods segment, the Group is a dependable mosquito repellents outsourcing destination for the Mortein (owned by Reckitt Benckiser (India) Limited) and Maxo (owned by Jyothy Laboratories) brands.
The Group has diversified into the production of rolled products, secondary specification alloys and galvanized and colour coated steel sheets.
The Group’s wholly owned subsidiary in Nigeria, MINL Limited, was set up in 1996 and is the market leader in ROPP caps and crown corks in Nigeria. It has also set up facilities for the manufacture of galvanised steel, metal colour coated sheets and coils and secondary specification alloys.
The Group also has subsidiary companies in Ghana (Dynatech Industries Ghana Limited), Georgia (Euroasian Steel) and Dubai (Euroasian Ventures FZE).
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Manaksia is a multi-division and multi-location conglomerate. It possesses 17 manufacturing plants in India and 4 abroad; two in Nigeria, one in Ghana and one in Georgia. The Group was promoted by Sri Basant Kumar Agrawal and Sri Suresh Kumar Agrawal. It is headquartered in Kolkata, India. Shares of one of the Company of the Group presently, Manaksia Ltd. are listed on the Bombay Stock Exchange and the National Stock Exchange.
Under a scheme of demerger four divisions of Manaksia (the “Transferor Company”) viz. Steel Division, Packaging Division, Coated Metal & Mosquito Coil Division and Aluminium Division have demerger into the Four Transferee Companies viz. Manaksia Steels Limited, Manaksia Industries Limited, Manaksia Coated Metals & Industries Limited and Manaksia Aluminium Company Limited respectively vide an Order of the Hon’ble Calcutta High Court with filing of the Certified Copy of Order with the Registrar of Companies, West Bengal on 23rd November, 2014. These Four Transferee Companies will soon be listed on the Bombay Stock Exchange and the National Stock Exchange.
The equity shareholders of the Transferor Company, whose names appear in the Register of Members of the Transferor Company on 5th December, 2014, the Record Date, will be allotted for every 1 equity share of nominal value of Rs. 2/- each fully paid up of Manaksia Ltd.:
a) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Steels Limited;
b) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Industries Limited;
c) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Coated Metals & Industries Limited;
d) 1 equity share of nominal value of Re. 1/- as fully paid up in Manaksia Aluminium Company Limited.
Manaksia Group specialises in the manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others.
The Group's metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open and other metal containers. In the fast moving consumer goods segment, the Group is a dependable mosquito repellents outsourcing destination for the Mortein (owned by Reckitt Benckiser (India) Limited) and Maxo (owned by Jyothy Laboratories) brands.
The Group has diversified into the production of rolled products, secondary specification alloys and galvanized and colour coated steel sheets.
The Group’s wholly owned subsidiary in Nigeria, MINL Limited, was set up in 1996 and is the market leader in ROPP caps and crown corks in Nigeria. It has also set up facilities for the manufacture of galvanised steel, metal colour coated sheets and coils and secondary specification alloys.
The Group also has subsidiary companies in Ghana (Dynatech Industries Ghana Limited), Georgia (Euroasian Steel) and Dubai (Euroasian Ventures FZE).
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image