Manomay Tex India Board Approves Director Re-appointments and Expansions
Manomay Tex India Ltd's Board of Directors met on August 31, 2026, approving several key decisions. These include the re-appointment of Mr. Maheshchandra Kailashchandra Laddha as Whole-time Director for three years and the appointment of three new Independent Directors: Mr. Manishkumar Balkrishna Porwal, Mr. Satya Narayan Maheshwari, and Mr. Mahendra Singh Rana, each for five-year terms. The board also approved a significant expansion in the Denim (Fabric) and Spinning (Yarn) divisions, aiming to increase fabric capacity by 10 million meters and yarn capacity by 1,080 MT annually. The company will hold its 17th Annual General Meeting on September 29, 2026, with the Register of Members closed from September 23-29.
Key Highlights
- Re-appointment of Whole-time Director approved for three years.
- Three new Independent Directors appointed for five-year terms.
- Major expansion planned for Denim and Spinning divisions.
- Fabric capacity to increase by 10 million meters per year.
- Yarn production capacity to increase by 1,080 MT per year.
Price Impact
More from MANOMAY