Manomay Tex India Limited has informed the Exchange about General Updates As required under Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
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Manomay Tex India Limited has issued the notice for its 16th Annual General Meeting scheduled for Wednesday, September 17, 2025 at 1:00 PM IST at its registered office in Bhilwara, Rajasthan. Shareholders will consider adopting the audited financial statements for FY2024-25 and re-appointing Mr. Kamlesh Kailashchandra Laddha, who retires by rotation. Key special business includes re-appointing four members of the promoter Laddha family — Kailashchandra Hiralal Laddha, Yogesh Laddha (Managing Director), Kamlesh Laddha, and Pallavi Laddha (Whole Time Director - Women) — as executive directors for a 3-year term from January 16, 2026 to January 15, 2029. The notice also seeks shareholder approval for material related party transactions, ratification of Rs. 15,000 plus GST as cost auditor remuneration for FY2025-26, and appointment of M/s Avinash Nolkha & Associates as Secretarial Auditor for a 5-year term (FY2025-26 to FY2029-30). E-voting will be open from September 14 to September 16, 2025, with the cut-off date set as September 10, 2025.
This is largely a routine AGM notice, but the re-appointments lock in the Laddha family's continued control of the company, with executive remuneration protected even in years of loss or inadequate profits. Short-term stock price impact is likely muted, though shareholders may scrutinize the related party transactions and high aggregate executive remuneration in the voting.