Related Party Transactions for Half Year ended 31.03.2026
MANOMAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manomay Tex India Ltd disclosed related party transactions totaling Rs. 6,394.06 lakhs (approximately Rs. 64 crore) for the half-year ending March 2026. All 40+ transactions involve entities controlled by Promoters and Promoter Group, including purchases from companies like Everstrong Marketing (Rs. 37.82 crore), sales to related parties (Citifab Sutting - Rs. 5.51 crore), and significant loans given to entities like Everstrong Marketing (Rs. 6.62 crore), Prachi Creation (Rs. 4.07 crore), and Fornax Fashion (Rs. 2.91 crore). Director remuneration and interest payments to promoters were also reported. All transactions were approved by the Audit Committee.
The high volume of related party transactions with promoter-controlled entities, particularly the large purchase commitments and loan advances, warrants close monitoring by shareholders for potential conflict-of-interest concerns and fair pricing of transactions.