Texmo Pipes gets in-principle approval for preferential issue

Texmo Pipes and Products Ltd has received in-principle approval from both NSE and BSE for a preferential issue of 15,30,000 equity shares. This approval is a crucial step, enabling the company to proceed with the allotment of shares, subject to fulfilling stipulated conditions and regulatory compliance. The funds raised are intended for purposes previously approved by shareholders. The approval is valid as per the terms in the respective letters from the stock exchanges.