Manomay Tex India Limited has informed the Exchange about related Party Transactions Related Party Transactions for Half Year ended 31.03.2026
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Manomay Tex India Limited has disclosed related party transactions for the half year ended March 31, 2026 (H2 FY26). The filing covers 40 transactions totaling Rs. 6,394.06 lakhs (approx. Rs. 63.94 crore) with various entities controlled by promoters and promoter groups. Key transactions include purchases of Rs. 3,782.58 lakhs from Everstrong Marketing Pvt Ltd and sales of Rs. 1,090.80 lakhs to Citifab Sutting. The company also disclosed multiple loan transactions with related parties including Prachi Creation (Rs. 407.42 lakhs), Fornax Fashion (Rs. 291.28 lakhs), and Seema Synthetics (Rs. 254.26 lakhs), among others. Director remuneration includes payments to Yogesh Laddha (Rs. 30 lakhs), Pallavi Laddha (Rs. 15 lakhs), and other family members. All transactions have been approved by the Audit Committee and are stated to be in the normal course of business. The company operates in denim fabric manufacturing, yarn production, and garment trading. The audit opinion is unmodified.
The disclosure reveals substantial related party transactions worth over Rs. 63 crore, primarily with promoter-controlled entities. While all transactions are stated to be at arm's length and approved by the Audit Committee, the high volume of transactions with related parties warrants monitoring. The unmodified audit opinion provides some comfort, but investors should track these transactions closely in subsequent filings.