Texel Industries Ltd

Appointment of Additional Director

• Appointment of Mr. Rasesh Girish Shah as Additional Director from 13 August 2026.
• Category: Non-Executive Non-Independent Director.
• Effective date: 13 August 2026; liable to retire by rotation.
• Not debarred by SEBI or any authority.
• Profile: MBA and Commerce graduate; extensive geosynthetics and government project exposure.
• Reason: Board approved on NRC recommendation.
• Notable: Has facilitated water harvesting projects for Texel.
• Relationship with other directors: Not Applicable.
• SEBI debarment status: Not debarred.

Standalone results

• Revenue from operations for quarter ended 30 Jun 2026: 2,847.69 Lakhs.
• Total income: 2,856.35 Lakhs.
• PAT after tax: 105.80 Lakhs.
• Basic EPS: 0.75 Rs; Diluted EPS: 0.76 Rs.
• Finance costs: 151.12 Lakhs; Depreciation & amortization: 148.76 Lakhs.

Consolidated results

• Consolidated revenue from operations: 2,847.69 Lakhs.
• Consolidated total income: 2,856.35 Lakhs.
• Consolidated PAT: 105.80 Lakhs.
• Consolidated EPS: Basic 0.75, Diluted 0.76 Rs.
• Limited Review Report: unmodified.

Capital actions & governance

• Promoter & non-promoter equity issue: 49,67,302 shares at Rs 38.25; Rs 18.99 crore received.
• Warrants: 7,84,312 convertible within 18 months at Rs 38.25; aggregate Rs 2.9999 crore.
• Balance funds Rs 2.2499 crore received on conversion; 100% utilized.
• Mr. Rasesh Girish Shah appointed Additional Director; effective 13 Aug 2026.

Dematerialisation status

• Dematerialisation requests processed and confirmed to depositories; securities listed on exchanges.
• Certificates received for dematerialisation mutilated and cancelled; depository's name substituted as registered owner within prescribed timelines.

Texel Industries Limited – Trading window closed for Designated Persons until 48 hours after audited financial results for the quarter ended June 30, 2026 become generally available information.

Financial results

• Approved audited standalone and consolidated financial results for quarter and year ended 31 March 2026.
• Approved the audit report for the same quarter and year ended 31 March 2026.

Audit appointment

• Re-appointed M/s. Sweta Patel & Associates as internal auditor of the company.

Audit opinion

• Auditors issued unmodified opinions on standalone and consolidated audited results for FY26.
• Results cover quarter and year ended 31 March 2026, standalone and consolidated.

Emphasis of matter

• Standalone and consolidated reports flagged unreconciled GST input tax credit write-off of Rs. 2.73 crore.
• Standalone report noted investment and unsecured loans to Texel Industries (Africa) Limited; subsidiary net worth fully eroded.
• Consolidated report noted Texel Industries (Africa) Limited had nil revenue and Rs. 31.43 lakh net loss after tax.

Business model

• Texel Industries Limited prepares standalone and consolidated audited financial results.
• The consolidated group includes wholly owned subsidiary Texel Industries (Africa) Limited.