Texmo Pipes and Products Limited Approves Q1 Financial Results, Plans Preferential Issue to Promoters
The Board of Directors of Texmo Pipes and Products Limited approved the un-audited financial results for the quarter ended June 30, 2026, along with major corporate actions including a preferential issue to its promoters. The company also decided on the scheduling of its Annual General Meeting (AGM) and re-appointed Mrs. Rashmi Agrawal as a WholeTime Director.During the Board meeting held on Wednesday, August 12, 2026, the company considered and approved several key agenda items. This included adopting the Un-Audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The Board also reviewed the Limited Review Report conducted by Statutory Auditors on these un-audited results.
Preferential Issue to Promoters
The Board of Directors approved a preferential issue of Equity Shares to Promoter(s) Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal. Under this issuance, up to 15,30,000 Equity Shares were proposed at a price of Rs. 45.65 per Equity Share, aggregating to approximately Rs. 6,98,44,500/-.The details regarding the preferential issue and the resulting shareholding structure are as follows:
| Name of Shareholder | Pre-Preferential Issue Shares (as on August 11, 2026) | % Held (Pre-Issue) | Post-Allotment Equity Shares | % Held (Post-Issue) |
|---|---|---|---|---|
| Shri Sanjay Kumar Agrawal | 5448974 | 18.66% | 5978974 | 19.46% |
| Smt. Rashmi Agrawal | 4700092 | 16.10% | 5700092 | 18.55% |
Governance and AGM Details
The Board also approved the re-appointment of Mrs. Rashmi Agrawal, who is liable to retire by rotation, as a WholeTime Director. Mrs. Rashmi Agrawal, aged about 59 years, serves as the Chairperson of the Company and is one of the Promoters. She has over 28 years of experience in developing policies relating to Marketing and Human Resource Development.The company announced that its 18th Annual General Meeting (AGM) will be conducted on Friday, September 11, 2026, at 12:30 PM via Video Conferencing or other Audio Visual means.
Financial Performance Overview (Q ended June 30, 2026)
The company reported its un-audited financial results for the quarter ending June 30, 2026. The independent auditors conducted a Limited Review of these standalone financial statements.A snapshot of the Unaudited Standalone Financial Results is provided below:
| Metric | Value |
|---|---|
| Total Revenue from Operations | N/A (Data point present) |
| Operating Profit | 0.1 Crore |
| Total Revenue | X Crores |
| Net Profit after Tax | N/A (Data point present) |
The Consolidated Statement of Unaudited Financial Results for the quarter ended June 30, 2026, was also presented, showing key figures in the consolidated entity. The company's principal business segment is plastic products, reporting a single reportable segment according to Ind AS 108 "Segment reporting".
TEXMOPIPES Stock Price Movement
Shares of Texmo Pipes and Products Limited slipped by 0.12% on Wednesday, settling at ₹42.77 after trading sessions concluded. The equity saw a volume of 28,031 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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