Manomay Tex Boosts Renewable Capacity with Strategic Acquisition

Manomay Tex India Ltd. has announced the approval of its audited financial results for the fiscal year ending March 31, 2026. The company reported a standalone Profit After Tax of ₹19.64 crore.

In a strategic development, the board also approved the acquisition of a 26% equity stake in Lov Smart RJ-1 Private Limited. This investment amounts to ₹3.12 crore and is aimed at significantly expanding the company's renewable energy infrastructure.

Key Financials and Acquisition Details

The company's financial performance for the fiscal year ending March 31, 2026, showed a standalone Profit After Tax of ₹19.64 crore. Alongside these results, Manomay Tex India's directors greenlit the purchase of a 26% stake in Lov Smart RJ-1 Private Limited for a total of ₹3.12 crore.

Renewable Energy Expansion for Rajasthan Plants

This acquisition is set to increase Manomay Tex India's captive renewable energy capacity by up to 13.65 MW (DC). This capacity will be utilized at the company's plants located in Rajasthan. The move is expected to drive long-term cost efficiencies and support operational sustainability through self-generated renewable power.

Industry Context for Renewable Investment

Manomay Tex India's investment in captive renewable energy aligns with a broader trend in the textile industry. Many companies are adopting solar power and similar sources to manage increasing energy costs and reduce their environmental footprint. This strategic investment positions Manomay Tex India to control energy expenses and enhance its sustainability efforts.

Transaction Milestones and Potential Impacts

The acquisition of the stake in Lov Smart RJ-1 Private Limited is subject to customary conditions precedent. The target completion date for this transaction is November 30, 2026. Once finalized, Manomay Tex India anticipates integrating the new renewable capacity to power its Rajasthan facilities, potentially lowering electricity-related operational expenses.

Future Tracking for Investors

Investors will likely focus on the timely completion of this acquisition, with the target date set for November 30, 2026. Monitoring the successful integration and operational performance of the new 13.65 MW captive solar power project will be key to evaluating its contribution to Manomay Tex India's financial results and sustainability objectives.

Key Metrics:

• Standalone Profit Before Tax (FY ended March 31, 2026): ₹26.02 crore
• Standalone Profit After Tax (FY ended March 31, 2026): ₹19.64 crore
• Acquisition Cost: ₹3.12 crore
• Target Renewable Energy Capacity: 13.65 MW (DC)
• Expected Acquisition Completion: November 30, 2026