Manomay Tex India Limited has informed the Exchange about General Updates Outcome of Board meeting - Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 re-appointment of Whole-time Directors and Managing Director
MANOMAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manomay Tex India reported its Q1 FY26 results with revenue from operations rising to Rs 16,393.67 lakhs (up from Rs 15,539.17 lakhs in Q1 FY25), a growth of about 5.5%. However, profit before tax declined to Rs 594.59 lakhs from Rs 683.13 lakhs, and net profit fell to Rs 444.85 lakhs from Rs 510.83 lakhs, a drop of nearly 13%. Basic EPS stood at Rs 2.46 versus Rs 2.83 in the same quarter last year. The Board also approved the re-appointment of all four Laddha family members as directors for a further three-year term starting 16 January 2026, subject to shareholder approval at the AGM on 17 September 2025. The Laddha family — comprising the father as Chairman, two sons, and a daughter-in-law — continues to occupy all whole-time executive director positions on the board.
Mixed signals for shareholders: top-line growth is healthy but profitability has slipped, which may weigh on short-term sentiment. The continued dominance of the promoter family on the board means governance scrutiny could arise, though re-appointments also signal management continuity and stability for the next three years.