StockWatch
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Plastic Products - Industrial
Board Meeting12 Aug 2026, 08:33 pm

Texmo Pipes Approves Un-Audited Financial Results and Preferential Issue

AI Summary

Texmo Pipes and Products Ltd announced that its Board of Directors has approved the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Board also 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, subject to regulatory and shareholder approval. Additionally, the company scheduled its 18th Annual General Meeting for September 11, 2026, and approved the re-appointment of Mrs. Rashmi Agrawal as Whole-Time Director.

Key Highlights

  • Board approved Un-Audited Standalone and Consolidated Financial Results for Q1 FY27.
  • Approved preferential issue of 15.3 lakh equity shares to promoters.
  • Preferential issue aggregates to ₹698.44 Lakhs at ₹45.65 per share.
  • 18th AGM scheduled for September 11, 2026.
  • Re-appointment of Mrs. Rashmi Agrawal as Whole-Time Director approved.