Texmo Pipes Board Approves Preferential Issue of 15.3 Lakh Shares

Texmo Pipes and Products Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved 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 a price of ₹45.65 per share, aggregating to ₹698.44 Lakhs. This issuance is subject to regulatory and shareholder approval. The company also scheduled its 18th Annual General Meeting for September 11, 2026, and approved the re-appointment of Mrs. Rashmi Agrawal as Whole-Time Director.