Manomay Tex approves expansion in denim and spinning divisions
- Manomay Tex India Ltd approved expansion in denim and spinning divisions
- Fabric capacity to increase by 10 million metres per year
- Yarn production capacity to rise by 1,080 MT annually
- Three new independent directors appointed pending shareholder approval
- AGM scheduled for September 29, 2026, in Bhilwara
*this image is generated using AI for illustrative purposes only.
Manomay Tex India Ltd Manomay Tex India Ltd approved a major expansion in its denim and spinning divisions during its board meeting held on August 31, 2026. The company plans to increase fabric manufacturing capacity by 10 million metres per year and yarn production by approximately 1,080 MT annually.
The expansion aims to meet evolving market demand and enhance revenue growth. The board also reappointed Mr. Maheshchandra Kailashchandra Laddha as Whole-time Director for three years, effective from August 9, 2027.
Capacity Expansion Details
The company is strengthening its manufacturing capabilities across two key segments:
| Division | Expansion Detail | Capacity Addition |
|---|---|---|
| Denim (Fabric) | RFD line for bottom weight fabrics and chinos | 10 million metres/year |
| Spinning (Yarn) | New spindles for coarse-count yarn | 1,080 MT/year |
The new machinery in the denim division will enable the production of contemporary, fashion-oriented fabrics. The spinning division upgrade targets growing demand in the coarse-count yarn segment.
Board Appointments and Committee Changes
The board appointed three additional independent directors effective September 2, 2026:
- Mr. Manishkumar Balkrishna Porwal (Chartered Accountant)
- Mr. Satya Narayan Maheshwari (Ex-Assistant General Manager, State Bank of India)
- Mr. Mahendra Singh Rana (Ex-Assistant Vice President, SBI General Insurance)
These appointments are subject to shareholder approval at the upcoming Annual General Meeting.
Committee Reconstitution
The board reconstituted several statutory committees effective September 2, 2026:
- Nomination and Remuneration Committee: Mr. Anil Kumar Kabra appointed as Chairman.
- Audit Committee: Mr. Anil Kumar Kabra appointed as Chairman; Mr. Maheshchandra Kailashchandra Laddha added as a member.
- Stakeholder Relationship Committee: Mr. Satya Narayan Maheshwari appointed as Chairman.
- Corporate Social Responsibility Committee: Mrs. Pallavi Laddha, Mr. Anil Kumar Kabra, and Mr. Mahendra Singh Rana inducted as members.
- Internal Complaint Committee: Mr. Mukesh Chandra Sharma inducted as a member.
Annual General Meeting Details
The company fixed its 17th Annual General Meeting for Tuesday, September 29, 2026, at 1:00 pm. The meeting will be held at its registered office in Bhilwara, Rajasthan. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026.
Historical Stock Returns for Manomay Tex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.35% | +2.62% | +6.18% | -0.26% | +32.77% | 0.0% |
How will the addition of 10 million metres of denim capacity impact Manomay Tex's market share in the competitive bottom-weight fabric segment?
What is the estimated capital expenditure for this expansion, and will it require external financing or be funded through internal accruals?
How does the reappointment of Mr. Maheshchandra Kailashchandra Laddha as Whole-time Director align with the company's strategic execution plan for the new capacity?
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