Texmo Pipes Allots Equity Shares Worth ₹6.98 Cr to Promoters

Texmo Pipes and Products Ltd announced that its Board of Directors has approved the allotment of 15,30,000 equity shares to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal on a preferential basis. The shares were allotted at a price of Rs. 45.65 each, aggregating to Rs. 6,98,44,500 (Rs. 6.98 Crore). This allotment increases the company's paid-up equity share capital from Rs. 29,19,50,000 to Rs. 30,72,50,000. The new shares will rank pari-passu with existing equity shares.