5390452026-04-012026-06-305390452026-04-012026-06-30in-capmkt:OtherExpenses1Memberiso4217:INRiso4217:INRxbrli:shares539045MANAKALUCONOTLISTEDINE859Q01017MANAKSIA ALUMINIUM COMPANY LIMITEDMain BoardEquity2026-04-012027-03-312026-08-112026-08-01INRLakhsQuarterlyFirst quarterSingle segmentMETAL2026-08-1112:30:002026-08-1117:45:00Not applicablefalsefalseNo default on loan during quarter.2026-04-012026-06-30UnauditedStandalone13958970004457000140035400010096240000-475590004357900072899000261030002562620001360908000394460000394460001012000082000010940000028506000000028506000-787000277190006553400010.430.43000.430.43Notes: <br /> 1. The above unaudited financial results of the Company for the quarter ended 30th June, 2026 have been reviewed by the Audit Committee and by the Board of Directors at its respective meeting held on 11th August 2026. The Statutory auditors have expressed an unmodified opinion in the audit report on these financial results. <br /> 2. As the Company's business activity falls within a single primary business segment, viz. "Metals", the disclosure requirements of Ind AS 108, "Operating Segments" are not applicable. <br /> 3. These financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules 2015 and relevant amendment thereof. <br /> 4. The company has incorporated a new company i.e. Manaksia Aluminium Inc. at 8, The Green STE DOVER D 19901, State of Delaware, USA on 30th August, 2024. The share application money is yet to be deposited into Bank account. Hence the consolidated financials are not being prepared for the quarter ended 30th June, 2026. <br /> 5. The company has incorporated a new Company i.e. Metal Star Celling Panel FZE in UAE on 11th July, 2025. The share application money is yet to be deposited into Bank account. Hence the consolidated financials are not being prepared for the quarter ended 30th June, 2026. <br /> 6. The Company has received a demand order towards erroneous Goods and Services Tax {"GST") amounting to Rs. 38.80 Crore and penalty amounting to Rs 3.88 crores plus applicable interest with respect to Recovery of Erroneous Refund/Excess refund under Section 73(9) of the CGST Act, 2017 for the period Oct-18 to March,22 as notified by Rule 96(10) of the CGST Rules. The Hon'ble Kerala High Court has declared Rule 96(10) of the CGST Rules, 2017 as ultra vires of Section 16 of the IGST Act, 2017 and unenforceable on account of manifestly arbitrary. Further, Rule 96(10) of the CGST Rules, 2017, which restricted refund of IGST on exports in certain circumstances, has been omitted vide Notification No. 20/2024-Central Tax dated 08.10.2024, considering the genuine difficulties being faced by exporters. The Hon'ble Uttarakhand High Court in decided on 30.04.2025 squarely held that no order can be passed under Rule 96(10) after its omission on 08.10.2024. It is respectfully submitted that in the absence of a contrary ruling from the Hon'ble Calcutta High Court or the Hon'ble Supreme Court, the rulings of the Hon'ble High Courts of Uttarakhand, Kerala are binding precedents under Article 141/226 on GST authorities nationwide. <br /> The Company has strongly contested the aforesaid demand and has preferred an appeal against the impugned order before the appropriate appellate forum. Based on the detailed examination of the facts of the case, applicable provisions of law, judicial precedents and the expert opinions obtained from independent taxation consultants, the management is of the considered opinion that the demand raised is not sustainable in law and the Company has a strong prima facie case on merits. Further, the matter is revenue neutral in nature and does not result in any loss to the exchequer. Accordingly, considering the pendency of the appeal and the likelihood of a favourable outcome, the management believes that no present obligation exists requiring recognition of any liability/provision in the financial statements in respect of the aforesaid matter at this stage. <br /> 7. The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes, collectively referred to as the New Labour Codes, on 21st November 2025, Subsequently, the Ministry of Labour & Employment issued draft Central Rules and FAQs on 30 December 2025 to facilitate assessment of the potential financial impact arising from these regulatory changes. The Company continues to monitor the evolving situation including finalisation of the Central and State Rules, along with further clarifications from the Government on the new Labour Codes and would provide appropriate accounting effect on the basis of such developments, as needed. <br /> 8. Previous quarter/ year figures have been regrouped/restated wherever necessary. <br /> <br /> Other Expenses256262000787000-787000