StockWatch
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Plastic Products - Industrial
Corporate Action16 Oct 2026, 10:54 am

Texmo Pipes: Sanjay Kumar Agrawal Acquires 1.72% Stake via Preferential Allotment

AI Summary

Sanjay Kumar Agrawal, Promoter and Managing Director of Texmo Pipes and Products Limited, has acquired 5,30,000 equity shares, representing 1.72% of the total share capital, through a preferential allotment. The acquisition occurred at a price of Rs. 45.65 per share. Following this transaction, Agrawal's total holding in the company increased from 18.66% to 19.46%. The total equity share capital of the company has also increased post-allotment.

Key Highlights

  • Promoter Sanjay Kumar Agrawal acquired 5,30,000 equity shares.
  • Acquisition was made via preferential allotment at Rs. 45.65 per share.
  • Agrawal's stake increased by 1.72% to 19.46%.
  • Total equity capital of the company has increased.