Manorama Industries has approved a capital expenditure plan of approximately Rs. 460 crores to enhance manufacturing capacity and invest in new projects. The company also re-appointed Mr. Nipun Sumanlal Mehta as an Independent Director and approved changes in designations for Mr. Deep Saraf and Dr. Krishnadath Bhaggan. Financial results for Q3 2026 were also approved.
Capital Expenditure Approval
The Board of Directors has approved a capital expenditure (Capex) plan involving an estimated investment of approximately Rs. 460 crores over the next two to three years. The objective is to enhance manufacturing capacity, invest in new projects, and support infrastructure, technology upgrades, and long-term growth. Funding may be through internal accruals, debt, or equity.
Capex Breakdown
The capital expenditure plan includes the following key projects:
- Forward integration through setting up a manufacturing facility for Cocoa Butter Alternative (CBA) with an input capacity of 75,000 Metric Tons Per Year.
- Setting up a new Solvent Fractionation manufacturing facility for Sal, Shea, Palm, Mango, and other exotic seeds with an input capacity of 75,000 Metric Tons Per Year.
- Setting up a new Refinery manufacturing facility with an input capacity of 90,000 Metric Tons Per Year.
- Backward integration through a processing factory in Burkina Faso with an input capacity of 90,000 Metric Tons Per Year.
Leadership Appointments
The Board approved the following appointments and re-designations:
- Re-appointment of Mr. Nipun Sumanlal Mehta as an Independent Director for another term of 5 years.
- Re-designation of Mr. Deep Saraf as “Deputy Chief Executive Officer – Chief Coordinator”.
- Re-designation of Dr. Krishnadath Bhaggan as “Deputy Chief Executive Officer – Business Development & Vice President – R&D”.
Financial Performance (Q3 2026)
The Board approved the unaudited financial results for Q3 2026. Key highlights from the standalone results include:
- Revenue from Operations: Rs. 36,253.79 lacs
- Net Profit: Rs. 6,824.46 lacs
Key highlights from the consolidated results include:
- Revenue from Operations: Rs. 36,253.79 lacs
- Net Profit: Rs. 7,227.15 lacs
Source: BSE
