Manomay Tex India Acquires 26% Stake in Lov Smart RJ-1 for Renewable Energy
Manomay Tex India Limited acquired a 26% stake in LOV SMART RJ-1 PRIVATE LIMITED for ₹3.12 crore to enhance captive renewable energy capacity by 13.65 MW. The company reported Q4 FY26 revenue of ₹204.87 crore and full-year FY26 revenue of ₹712.22 crore. The trading window will reopen on May 25, 2026.
The acquisition of a 26% stake in a renewable energy company is a significant strategic move that could impact future operational costs and sustainability efforts. The financial results are stable, indicating a steady performance.
The company is making a strategic acquisition to enhance its renewable energy capacity, which is positive for long-term cost efficiency and sustainability. The financial results also show stable revenue and profit.
Manomay Tex India Limited announced the outcome of its Board Meeting held on May 22, 2026, where it approved the Audited Financial Results for the Quarter and Year ended March 31, 2026. The company also approved a Share Purchase Agreement to acquire a 26.00% equity stake in LOV SMART RJ-1 PRIVATE LIMITED. This acquisition is aimed at augmenting Manomay Tex India's captive renewable energy capacity by up to 13.65 MW (DC) for its Rajasthan-based plants, ensuring long-term cost efficiency and sustainability. The acquisition is expected to be completed by November 30, 2026, with a cash consideration of ₹3,12,00,000 (26,000 Equity Shares at a face value of ₹10 and ₹1,190 per share as securities premium).
The Board Meeting commenced at 11:00 AM IST and concluded at 04:01 PM IST. Concurrently, the company announced that the trading window for dealing in its shares will open on May 25, 2026, for all directors, officers, and designated employees.
In terms of financial performance, for the quarter ended March 31, 2026, Manomay Tex India reported a total revenue of ₹20,486.96 lakhs and a profit before tax of ₹647.97 lakhs. For the full year ended March 31, 2026, total revenue stood at ₹71,221.52 lakhs, with a profit before tax of ₹2,601.64 lakhs. The company's total assets were ₹67,616.14 lakhs as of March 31, 2026, with equity attributable to owners of the parent at ₹17,096.25 lakhs.
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Manomay Tex India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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