Outcome of Board Meeting - Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 (as amended)
MANOMAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manomay Tex India Limited reported FY2026 audited standalone financial results with total revenue of ₹71,221.52 lakhs, up 2% from ₹69,840.40 lakhs in FY2025. Profit after tax stood at ₹1,964.15 lakhs (vs ₹1,925.27 lakhs), with EPS of ₹10.88. The Board approved acquisition of 26% equity in LOV SMART RJ-1 PRIVATE LIMITED for ₹3.12 crore in cash. The target company (incorporated April 2026) operates in renewable power generation and will supply up to 13.65 MW (DC) through a solar captive project to Manomay's Rajasthan manufacturing plants. Transaction expected to complete by November 30, 2026. The company also received ₹3.27 crore government subsidy under ATUFS scheme. Auditor's report is unmodified and clean.
The company posted modest profit growth despite stable revenue. The renewable energy acquisition signals strategic diversification into captive power, which could reduce long-term energy costs for its textile manufacturing operations in Rajasthan. The clean audit opinion removes concerns.