Manomay Tex India Approves Acquisition of Renewable Energy Capacity and FY Results
Manomay Tex India Limited announced key outcomes from its Board of Directors meeting held on May 22, 2026. The Board approved the company's audited financial results for the quarter and year ended March 31, 2026, alongside a significant share purchase agreement to bolster its renewable energy capabilities.The company approved a share purchase agreement to acquire a 26.00% stake in LOV SMART RJ1 PRIVATE LIMITED. This acquisition targets LOV SMART RJ1 PRIVATE LIMITED, an entity engaged in the generation and transmission of renewable energy. The move is designed to enhance the captive renewable energy capacity of up to 13.65 MW (DC) for Manomay Tex India's Rajasthan-based plants. The renewable power supply will come through a qualifying Solar captive project situated in the Hybrid Park in Sayala, Jalore, Rajasthan.
Manomay Tex India confirmed that the acquisition is not considered a related party transaction, and the promoter group has no existing interest in the proposed entity. The purchase requires a total cost of acquisition of Rs. 3,12,00,000/- for 26,000 Equity Shares (Face Value per Share Rs. 10/- and Securities Premium per Share Rs. 1,190/-). Payment for the acquisition will be made via cash consideration through an online banking system. The transaction is projected to be completed on or before November 30, 2026.
Financial Results for FY 2026
The Board also approved the Audited Financial Results for the Quarter and Year ended March 31, 2026, along with the corresponding Statement of Assets and Liabilities and Cash Flow Statement.The financial performance data for Manomay Tex India Limited, presented in millions of Rupees (Rs. in Lakhs), highlights the company's revenues and financial position:
| Particulars | Quarter Ended 31-03-2026 (Audited) | Quarter Ended 31-12-2025 (Un-Audited) | Quarter Ended 31-03-2025 (Audited) | Year Ended 31-03-2026 (Audited) | Year Ended 31-03-2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations | 89.49 | 26.23 | 64.25 | 151.19 | 148.67 |
| Total Revenue | 71,221.52 | 69,840.40 | - | - | - |
| Profit/(Loss) before Exceptional Items and Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Comprehensive Income for the period | 1,804.87 | 1,804.87 | 1,804.87 | 1,804.87 | 1,804.87 |
| Earnings per share (Basic) | 10.88 | 10.67 | 1.84 | 1.84 | 10.67 |
The company noted that the purchase of renewable power through this acquisition will qualify as a captive consumer under the Electricity Act/rule as applicable, ensuring long-term cost efficiency for its Rajasthan operations, including units located in Denim Unit: Aaraji No. 5-7 and Spinning Unit: Aaraji No. 983, 989, 990, 991, 992/1568, 993/1570.
The Board meeting was held at the Registered Office in Bhilwara, Rajasthan, on May 22, 2026.
MANOMAY Stock Price Movement
Today, Manomay Tex India Limited shares edged higher, closing at ₹182.96, thereby gaining 2.33% for the session. The stock saw 12,791 shares traded, settling within its intraday range of ₹177.02 to ₹194.87.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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