Manomay Tex India Limited has scheduled a board meeting for Monday, August 31, 2026. The session will focus on governance matters, including the reappointment of its whole-time director and the appointment of three new independent directors.

The company notified stock exchanges on August 21, 2026, under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting aims to finalize key leadership transitions ahead of the upcoming annual general meeting.

Key Agenda Items

The board intends to consider several critical resolutions during the session:

• Reappointment of Whole-time Director: The board will propose the reappointment of Mr. Maheshchandra Kailashchandra Laddha as whole-time director for three years, effective from August 9, 2027, to August 8, 2030.
• Appointment of Independent Directors: Three individuals are set to be appointed as independent directors for five-year terms starting September 2, 2026:
  • Mr. Manishkumar Balkrishna Porwal
  • Mr. Satya Narayan Maheshwari
  • Mr. Mahendra Singh Rana

All appointments are subject to shareholder approval at the ensuing general meeting.

Annual General Meeting Preparations

The board will also address logistical preparations for the 17th Annual General Meeting (AGM). This includes fixing dates for the closure of the register of members and share transfer books. Additionally, the board plans to approve the reports for the fiscal year ended March 31, 2026, and note the secretarial audit report submitted by M/s Avinash Nolkha & Associates.

A scrutinizer will be appointed to oversee the voting process for the AGM. The specific date, time, and venue for the meeting remain to be finalized by the board.

Manomay Tex India Ltd reported a net profit of ₹4.95 crore for the quarter ended June 30, 2026, rising 11.3% from ₹4.45 crore in the corresponding period of FY26. The Bhilwara-based textile manufacturer saw revenue from operations expand by 20.5% year-on-year to ₹197.51 crore, up from ₹163.94 crore.

The Board of Directors approved the unaudited financial results in its meeting held on August 13, 2026. Statutory auditors Karp & Co. issued a limited review report on the standalone figures, confirming compliance with Indian Accounting Standards (Ind AS).

Financial Performance

Revenue growth was primarily driven by higher operational activity, reflected in increased cost of materials consumed and changes in inventory levels. While revenue declined slightly quarter-on-quarter from ₹203.97 crore in Q4FY26, the year-on-year trajectory remains positive.

Cost of materials consumed rose to ₹132.01 crore from ₹97.50 crore in the prior year quarter, aligning with the higher production volumes. Finance costs decreased to ₹6.20 crore from ₹7.55 crore, contributing marginally to bottom-line expansion. Other income fell sharply to ₹0.10 crore from ₹0.23 crore, indicating a reliance on core operational earnings rather than incidental gains.

What the Numbers Show

The divergence between revenue growth and other income highlights a shift toward operational profitability. With other income constituting less than 0.1% of total revenue in Q1FY27 compared to 0.14% in Q1FY26, the company’s profit generation is increasingly dependent on its textile manufacturing operations rather than non-operating sources. This structural change suggests improved focus on core business margins despite rising input costs.

Corporate Actions

The Board also approved the Cost Auditor Report for FY26 submitted by M/s Avnesh Jain & Co., Jaipur. The trading window for directors and designated employees will open from August 16, 2026, in accordance with SEBI’s Prohibition of Insider Trading Regulations.