Quarterly Result9 April 2026 at 10:13 am
Texel Industries Ltd. Approves Conversion of Warrants into Equity Shares Worth ₹18,74,986.31
AI Summary
Texel Industries Ltd. announced the outcome of its Finance and Investment Committee meeting held on April 09, 2026. The committee approved the allotment of equity shares on conversion of 65,359 warrants into an equal number of equity shares at an issue price of ₹38.25 each, including a premium of ₹28.25 each, to Avishi Anuj Sharedalal belonging to the Promoter Category. The conversion is pursuant to the exercise of her rights of conversion into equity shares in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018. The total paid-up equity share capital of the Company has increased from ₹13,30,69,910 to ₹13,37,23,500.
Key Highlights
- Texel Industries Ltd. approved the conversion of warrants into equity shares worth ₹18,74,986.31
- 65,359 warrants were converted into an equal number of equity shares at an issue price of ₹38.25 each
- The conversion was made pursuant to the exercise of rights of conversion into equity shares
- The total paid-up equity share capital of the Company has increased from ₹13,30,69,910 to ₹13,37,23,500
- The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company