Eurotex Industries and Exports Ltd

Demat/remat processing and listing

• Securities received for dematerialisation/rematerialisation are listed on the stock exchanges.
• Physical certificates dematerialised were mutilated and cancelled, and the depository's name substituted as registered owner within 15 days.

Eurotex Industries and Exports Limited: Trading window closed from Thursday, 01st October, 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter and half year ending September 30, 2026 of the financial year 2026-27.

AGM details

• AGM held on 18 September 2026 at 09:30 via VC/OAVM.

Resolutions and outcomes

• Resolution 1: Adoption of financial statements; ordinary; passed by e-voting.
• Resolution 2: Re-appointment of Rajiv Patodia; ordinary; passed by e-voting.
• Resolution 3: Variation of redemption terms for 50 lakh 6% redeemable preference shares; special; passed.
• Resolution 4: Maintain Registers of Members at a place other than registered office; special; passed.
• Resolution 5: Regularisation of Sanjay Baldua as Non-Executive Non-Independent Director; ordinary; passed.

AGM Details

• AGM conducted on 18 September 2026 at 9:30 AM via Video Conferencing/OAVM.
• Quorum satisfied with 35 members present.
• Meeting held without physical attendance; proxy facility dispensed.
• Remote e-voting available 15-17 September 2026; results later.
• Notice, accounts and report were taken as read.

Resolutions & Outcomes

• Adoption of financial statements for year ended 31 March 2026.
• Appointment of Rajiv Siotia for re-appointment.
• Variation of redemption terms for 50 lakh 6% Redeemable Pref Shares — passed.
• Maintaining Registers of Members at a place other than the registered office — passed.
• Regularisation of Sanjay Shrinarayan Baldua as Non-Executive Non-Independent director — passed.

Book closure for AGM

• Record of members to close 11 Sep 2026 to 18 Sep 2026 for 40th AGM.
• Cut-off date for e-voting set at 11 Sep 2026.
• AGM on 18 Sep 2026 at 09:30 via Video Conferencing / AV Means.

Financial performance

• Revenue from operations stood at Rs 10.83 lakh for FY2025-26.
• Total income rose to Rs 528.11 lakh in FY2025-26.
• Profit after tax showed a loss of Rs 79.49 lakh.
• Earnings per share declined to Rs -0.91.
• Net cash from operating activities was an outflow of Rs 250.33 lakh.
• Dividend for the year not declared; no reserves transferred.

Capital structure & liquidity

• Total equity is negative, indicating erosion of net worth.
• Total borrowings: Rs 3,569.75 lakh (current Rs 3,069.75; non-current Rs 500).
• Net debt: Rs 4,297.67 lakh; gearing 2.68x.

Operations & assets

• Kolhapur manufacturing plants closed since 25 Mar 2019; closure announced 30 Mar 2022.
• Land converted to stock-in-trade valued at Rs 383.55 lakh.
• Real estate stock-in-trade stood at Rs 140.28 lakh.
• Assets held for disposal amount to Rs 924.34 lakh.

Dividends & capital allocation

• Special resolution approved to extend redemption of 50,00,000 6% preference shares to 20 years.
• Redemption to be funded from sale proceeds of company properties; Board authorized to implement.

Governance & leadership

• Shri Hariprasad Siotia ceased as Director on 7 June 2026.
• Ms. Neha Garg resigned as Company Secretary on 16 March 2026; Mohd Bilal appointed 17 April 2026.
• Sanjay Shrinarayan Baldua appointed as Addl. Non-Executive Director from 7 Aug 2026.

Risks & going concern

• Auditors highlight going concern risk; Note 39 discusses default exposure and revival plan.
• Contingent liabilities include GST, provident fund, ESI and electricity duty; provisioning guidance noted.
• No liability provisioning for electricity duty per Supreme Court matter; favorable outcome anticipated.

Related party transactions

• Remuneration to KMP FY2025-26: Patodia 40.09; Narayan 20.47; Rajiv 21.50; Neha Garg 3.00 (lakhs).
• Related party sale of stores to PBM Polytex Ltd: Rs 83.70 lakh.