StockWatch
·
Plastic Products - Industrial
AGM/EGM2 Sept 2026, 08:10 pm

Texmo Pipes Issues Corrigendum for 18th AGM Notice

AI Summary

Texmo Pipes and Products Ltd has issued a corrigendum to the notice of its 18th Annual General Meeting (AGM) scheduled for September 11, 2026. The corrigendum clarifies details regarding a preferential offer, including the utilization of proceeds for working capital requirements amounting to ₹698.44 lakhs, the pricing of the preferential issue, and the status of allottees (Mr. Sanjay Kumar Agrawal and Mrs. Rashmi Agrawal) who will remain promoters post-issue. The company is in the process of distributing this corrigendum to shareholders and will also make it available on its website.

Key Highlights

  • Corrigendum issued for 18th AGM notice dated August 12, 2026.
  • Preferential issue proceeds of ₹698.44 lakhs for working capital.
  • Allottees Sanjay Kumar Agrawal and Rashmi Agrawal remain promoters.
  • AGM scheduled for September 11, 2026.