Acquisitions22 May 2026, 04:12 pm
Manomay Tex India Approves FY26 Audited Results, Acquires Equity in LOV SMART
AI Summary
Manomay Tex India Ltd's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026. Additionally, the company has approved a share purchase agreement to acquire 26% equity shares of LOV SMART RJ-1 PRIVATE LIMITED, a renewable energy company. This acquisition aims to augment captive renewable energy capacity of up to 13.65 MW for the company's Rajasthan-based plants, ensuring cost efficiency and sustainability. The trading window will open on May 25, 2026.
Key Highlights
- Audited financial results for FY26 approved by the Board.
- Acquisition of 26% equity in LOV SMART RJ-1 PRIVATE LIMITED approved.
- Acquisition to enhance renewable energy capacity by 13.65 MW.
- Trading window opens on May 25, 2026, as per insider trading regulations.
Price Impact
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