Texmo Pipes and Products Ltd

Texmo Pipes and Products Limited announced that its Board of Directors approved the allotment of 15,30,000 equity shares at a price of Rs 45.65 per share, including a premium of Rs 35.65 per share, to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal on a preferential basis, totaling Rs 6,98,44,500. Consequently, the company's paid-up equity share capital increased from Rs 29,19,50,000 to Rs 30,72,50,000.

Texmo Pipes and Products Limited, through its Registrar & Share Transfer Agent KFin Technologies Limited, has furnished a certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, confirming that details of dematerialized securities have been provided to the National Stock Exchange of India Ltd and the Bombay Stock Exchange Ltd.

Texmo Pipes and Products Limited announced that its Board of Directors approved the allotment of 15,30,000 equity shares at a price of Rs 45.65 per share, including a premium of Rs 35.65 per share, to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal on a preferential basis, totaling Rs 6,98,44,500. Consequently, the company's paid-up equity share capital increased from Rs 29,19,50,000 to Rs 30,72,50,000.

Texmo Pipes and Products Limited will hold a board meeting on Tuesday, October 13, 2026, at 4:00 P.M. to consider the allotment of 15,30,000 equity shares on a preferential basis to the promoter(s), and the company’s trading window will remain closed from October 1, 2026, reopening 48 hours after the declaration of its standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026.

Texmo Pipes and Products Limited informed the National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd that the trading window for the company will be closed from October 1, 2026, and will reopen 48 hours after the declaration of the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Texmo Pipes and Products Limited, incorporated in 2008 and operating in the plastic industry with a subsidiary in the UAE, reported a gross turnover of Rs 35,728.17 lakhs and a profit after tax of Rs 1,125.96 lakhs for the year ended March 31, 2026. The company faces intense competition and has previously experienced challenges impacting profitability, prompting strategies focused on cost reduction through measures like a solar power plant, market expansion, and enhanced quality control. Shareholders are set to vote on resolutions concerning director remuneration, with Chairperson Rashmi Agrawal proposed to receive Rs 20,00,000 per month and Managing Director Sanjay Kumar Agrawal Rs 25,00,000 monthly, figures the company deems just and fair based on experience and market comparisons. The resolutions also address related-party transactions involving property leases and familial relationships among key executives.

Texmo Pipes and Products Limited reported a gross turnover of Rs 35,728.17 lakhs, a PBDIT of Rs 2,505.66 lakhs, and a profit after tax of Rs 1,125.96 lakhs, according to its annual report. The company, which operates in the plastic industry producing pipes and fittings, commenced commercial production in 2008 and faces significant competition. Shareholders will vote on resolutions concerning director remuneration, with Chairperson Rashmi Agrawal proposed to receive Rs 20,00,000 per month and Managing Director Sanjay Kumar Agrawal Rs 25,00,000 monthly, inclusive of benefits. The company disclosed pecuniary relationships between directors and the business, including property leasing, and noted that the CEO is the son of the chairperson and managing director. Texmo Pipes is focused on cost reduction through measures like a solar power plant and is expanding its market reach.

Texmo Pipes and Products Limited will hold a board meeting on Wednesday, August 12, 2026, at 4:00 P.M. to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and a proposal for a preferential issue of equity shares to the Promoter Group, alongside other agenda items; the company’s trading window will remain closed until August 14, 2026, as per SEBI regulations.

Texmo Pipes and Products Limited will hold a board meeting on Wednesday, August 12, 2026, at 4:00 P.M. to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and a proposal for a preferential issue of equity shares to the Promoter Group, alongside other agenda items; the company’s trading window will remain closed until August 14, 2026, as per SEBI regulations.

Net profit of Texmo Pipes & Products declined 73.74% to Rs 1.56 crore in the quarter ended March 2026 as against Rs 5.94 crore during the previous quarter ended March 2025. Sales declined 1.17% to Rs 97.44 crore in the quarter ended March 2026 as against Rs 98.59 crore during the previous quarter ended March 2025. For the full year,net profit declined 26.75% to Rs 14.05 crore in the year ended March 2026 as against Rs 19.18 crore during the previous year ended March 2025. Sales declined 3.96% to Rs 375.71 crore in the year ended March 2026 as against Rs 391.20 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales97.4498.59 -1 375.71391.20 -4 OPM %7.806.71 -8.489.00 - PBDT7.486.57 14 30.4231.13 -2 PBT4.683.07 52 19.6417.33 13 NP1.565.94 -74 14.0519.18 -27 Powered by Capital Market - Live