Manomay Tex India Limited has informed the Exchange about General Updates Announcement under Regulation 30 (LODR)-Acquisition
MANOMAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manomay Tex India Limited's Board approved two key items on 22nd May 2026. First, the audited financial results for FY2026 showed Total Revenue of Rs. 7,122.15 Cr (up from Rs. 6,984.04 Cr), Profit After Tax of Rs. 196.42 Cr (vs Rs. 192.53 Cr YoY), and EPS of Rs. 10.88. Second, the company approved acquisition of 26% equity stake in LOV SMART RJ-1 Private Limited for Rs. 3.12 Crore in cash. The target company, incorporated on 25th April 2026, is engaged in renewable power generation and will provide captive solar energy capacity of 13.65 MW DC from a Hybrid Park in Jalore, Rajasthan to Manomay's textile manufacturing plants. The deal is not a related party transaction and is expected to close by 30th November 2026.
The acquisition strengthens Manomay Tex's energy security by securing captive renewable power, potentially reducing long-term electricity costs. However, the 26% stake is a minority position and the deal size (Rs. 3.12 Cr) is modest relative to the company's scale.