Manomay Tex India Limited has informed the Exchange about related Party Transactions. Disclosure of Related Party Transactions for the half year ended March 31, 2025.Dear Sir/
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Manomay Tex India Limited has disclosed its related party transactions (RPTs) for the half year ended March 31, 2025, as required under SEBI LODR Regulation 23(9). The total value of all RPTs during the period stood at ₹10,890.81 lakhs (approximately ₹108.9 crore). All transactions were carried out exclusively with entities controlled by the company's promoters and promoter group, covering purchases of goods/services (largest being Fornax Fashion at ~₹4,438 lakhs and Everstrong Marketing at ~₹5,053 lakhs combined for purchases and sales), loans given and received (totaling over ₹2,400 lakhs), remuneration to promoter family members including Managing Director Yogesh Laddha, rent payments, interest on loans, and sales of goods. Every transaction was approved by the Audit Committee, and the company confirmed that its RPT policy is in place and was last updated on August 30, 2024. The disclosure accompanies audited standalone results approved at a board meeting held on May 14, 2025.
This is a routine regulatory compliance disclosure with no direct stock price catalyst. However, it highlights the company's heavy reliance on promoter-group entities for purchases, sales, and financing — shareholders should monitor these dealings for arm's-length pricing and potential conflict-of-interest concerns, as the aggregate RPT volume is sizable relative to the size of a small-cap textile company.