Corporate News
Manomay Tex India Limited announced the appointment of three additional independent directors – Manishkumar Balkrishna Porwal, Satya Narayan Maheshwari, and Mahendra Singh Rana – effective September 2, 2026, pending shareholder approval at the Annual General Meeting. Porwal, a chartered accountant with 25 years in the textile industry, is the brother of current director Dilip Balkrishna Porwal. Maheshwari, formerly with State Bank of India, and Rana, previously with SBI General Insurance, bring extensive experience to the board. Additionally, Maheshchandra Kailashchandra Laddha was re-appointed as an independent director; he has familial ties to several other board members, including the Managing Director and Whole Time Directors. The changes are compliant with BSE and NSE circulars and require shareholder ratification.