Intimation of Acquisition under Regulation 30 of SEBI (LODR), Regulations 2015
MANOMAY · price
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Manomay Tex India Limited reported FY2026 audited results showing total revenue of Rs. 7,122.15 crore, up 1.98% from Rs. 6,984.04 crore in FY2025. Net profit stood at Rs. 196.42 crore versus Rs. 192.53 crore in prior year, with EPS of Rs. 10.88. The Board also approved acquiring 26% equity stake in LOV SMART RJ-1 Private Limited for Rs. 3.12 crore in cash. The target company, incorporated in April 2026, is engaged in power generation and will provide 13.65 MW (DC) captive renewable energy from a solar project in Jalore, Rajasthan. This acquisition is not a related party transaction and is expected to complete by November 30, 2026.
The acquisition strengthens Manomay Tex's renewable energy infrastructure for its textile manufacturing plants in Rajasthan, potentially reducing long-term power costs and supporting sustainability goals. The company's steady financial performance with marginal growth in revenues and profits indicates stable operations.