Texmo Pipes and Products Ltd

AGM and voting dates

• 18th AGM on 11 Sep 2026 via VC/OAVM.
• Book closure 5–11 Sep 2026 inclusive.
• Cut-off date for voting eligibility: 04 Sep 2026.
• Remote e-voting: 8–10 Sep 2026.
• Record date for voting entitlement: 04 Sep 2026.

Promoter preferential issue

• Up to 15,30,000 equity shares to promoters.
• Issue price Rs 45.65 per share including Rs 35.65 premium.
• Relevant price date: 12 Aug 2026.
• Post-issue promoter holding: 38.01%.
• Lock-in: 18 months for promoter shares.
• Allotment to be completed within 15 days of approval.

Remuneration governance

• Cost Auditor remuneration Rs 80,000 for 2026-27.
• Rashmi Agrawal as WTD: Rs 17,460 monthly; term to 31 Aug 2028.
• Sanjay Kumar Agrawal as MD: Rs 17,460 monthly; term to 31 Aug 2028.
• Remuneration terms include allowances; term extended to Aug 31, 2028.

Overview & Outlook

• FY25-26 faced raw-material price volatility and challenging markets.
• Texmo aims to be a one-stop piping solutions provider across CPVC, UPVC, SWR, and more.
• Subsidiary Shree Venkatesh Industries performed well in Pithampur, MP.
• Group emphasizes ethics, quality, and customer satisfaction to sustain growth.

Financial performance

• Standalone turnover Rs 35,258.75 lakh; down 3.68% YoY.
• Standalone PBT Rs 1,635.80 lakh; PAT Rs 1,125.96 lakh.
• Consolidated turnover Rs 37,570.68 lakh; PAT Rs 1,405.12 lakh.
• Standalone EPS 3.86; Consolidated EPS 4.76.

Product and segment mix

• PVC pipes contributed Rs 13,942.29 lakh; HDPE Rs 9,611.54 lakh.
• CPVC fittings Rs 1,463.36 lakh; Moulding fittings Rs 3,183.95 lakh.
• Water tanks Rs 632.27 lakh; Trading Rs 5,008.01 lakh.

Capital allocation & strategic actions

• Dividend for FY25-26 not declared; surplus retained to strengthen net worth.
• Cost Auditor remuneration Rs 80,000; cost audit for FY2026-27 approved.
• Special resolution: preferential equity issue to promoters up to 15,30,000 shares at Rs 45.65.
• Post-issue promoter holding expected at 38.01% with 18-month lock-in.

Capital structure & liquidity

• Standalone borrowings Rs 2,147.53 lakh; cash and cash equivalents Rs 504.33 lakh.
• Consolidated borrowings Rs 4,600.93 lakh; cash and cash equivalents Rs 801.88 lakh.
• Inventory and receivables largely secured against working capital facilities.

Governance, risk & audit flags

• Board: 3 executives and 3 independent directors; one woman director.
• Four board meetings held in 2025-26; Audit, SR, Nomination & Remuneration, CSR, Treasury committees.
• Secretarial audit flagged SEBI-related disclosures; ongoing SEBI/GDR matter in litigation.
• BRM framework in place; no material internal control weaknesses.

CSR performance

• CSR spend Rs 25.88 lakh; carry forward Rs 4.27 lakh.
• Projects include health care, education, rural development; Texmo Pipes Foundation active as CSR arm.
• CSR activities include blood donation camps, education aids, environmental initiatives.

Regulatory landscape & risks

• SEBI/GDR-related directions are being contested; matters sub judice.
• Raw material volatility remains a key risk; management aims to mitigate via BRM and cost controls.
• Energy efficiency and solar roll-out cited as long-term cost-saving measures.

Board decisions

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Limited Review Report submitted for the quarter ended June 30, 2026.
• Approved preferential issue of 1,530,000 equity shares to promoters at Rs 45.65 per share.
• Aggregate consideration for the preferential issue: Rs 698.44 Lakhs.
• Issue price Rs 45.65 per share includes Rs 35.65 premium, per ICDR floor price.
• Promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal to receive shares.
• 18th AGM set for Sept 11, 2026 at 12:30 PM via video conferencing.
• Re-appointment of Mrs. Rashmi Agrawal as Whole-Time Director.

Dematerialisation details furnished

• Details of dematerialised securities for quarter ended June 30, 2026 furnished to all stock exchanges

Texmo Pipes and Products Limited: Trading Window closed from 01st July, 2026 and will be opened 48 hours after the declaration of Standalone and Consolidated Un-Audited Financial Results for the Quarter ended 30th June, 2026.