Board Meeting12 Aug 2026, 08:21 pm
Texmo Pipes Approves Preferential Issue of Equity Shares
AI Summary
Texmo Pipes and Products Ltd's Board of Directors met on August 12, 2026, approving the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Additionally, the Board approved a preferential issue of 15,30,000 equity shares to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal at ₹45.65 per share, aggregating to ₹698.44 Lakhs. This issuance is subject to regulatory and shareholder approval. The company also announced the 18th Annual General Meeting (AGM) will be held on September 11, 2026, and approved the re-appointment of Mrs. Rashmi Agrawal as Whole-Time Director.
Key Highlights
- Board approved Q1 FY27 Un-Audited Financial Results (Standalone & Consolidated).
- Approved preferential issue of 15.3 Lakh shares to promoters.
- Fundraise of ₹698.44 Lakhs via preferential issue at ₹45.65 per share.
- 18th AGM scheduled for September 11, 2026.
- Re-appointment of Mrs. Rashmi Agrawal as Whole-Time Director approved.
Price Impact
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