Manomay Tex India Appoints 3 Independent Directors, Approves Expansion
Manomay Tex India approved re-appointment of Maheshchandra Laddha as Whole-time Director and appointment of three new Independent Directors: Manishkumar Porwal, Satya Narayan Maheshwari, and Mahendra Singh Rana, effective Sept 2, 2026. The company is expanding its Denim fabric capacity by 10 million meters/year and yarn capacity by 1,080 MT/year. The 17th AGM is scheduled for Sept 29, 2026.
The appointment of new directors and the expansion of manufacturing capacities are significant strategic moves that are likely to impact the company's operational efficiency, revenue, and market position. The AGM details also indicate upcoming corporate actions.
The announcement details the reappointment of a Whole-time Director and the appointment of three new Independent Directors, along with significant expansion plans for the company's denim and spinning divisions. These developments are positive for the company's future growth and governance.
Manomay Tex India Limited announced the outcome of its Board Meeting held on August 31, 2026. The board approved the re-appointment of Mr. Maheshchandra Kailashchandra Laddha as Whole-time Director for a further period of three years, effective from August 9, 2027, to August 8, 2030. This reappointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Additionally, the company approved the appointment of three new Additional Independent Directors: Mr. Manishkumar Balkrishna Porwal, Mr. Satya Narayan Maheshwari, and Mr. Mahendra Singh Rana. Their appointments are for an initial term of five years, commencing September 2, 2026, and are also subject to shareholder approval at the ensuing AGM.
The company also announced significant expansion plans for its Denim (Fabric) and Spinning (Yarn) divisions. The denim division will see an increase in fabric manufacturing capacity by 10 million meters per year with the addition of machinery for RFD (Ready for Dyeing) lines. The spinning division will enhance yarn production capacity by approximately 1,080 MT per year with the installation of new spindles for coarse-count yarn.
The Board approved and took on record the Directors' Report for the year ended March 31, 2026, and the Notice for the 17th AGM. The 17th AGM is scheduled for Tuesday, September 29, 2026, at 1:00 PM IST, to be held at the company's registered office in Bhilwara, Rajasthan. Consequently, the Register of Members and Share Transfer Books will be closed from September 23, 2026, to September 29, 2026, inclusive, for the AGM.
Furthermore, the company approved and noted the Secretarial Audit Report for the financial year ended March 31, 2026. R.K. Jain & Associates has been appointed as the Scrutinizer for the AGM's voting process. The composition of various committees, including the Nomination and Remuneration Committee, Audit Committee, Stakeholder Relationship Committee, Corporate Social Responsibility Committee, and Internal Complaint Committee, has been reconstituted effective September 2, 2026.
A plain-language summary of a public exchange filing by Manomay Tex India Limited. Read the original for the full detail.