Texmo Pipes and Products Ltd

Promoter stake increase via preferential allotment

• Promoter Rashmi Agrawal allotted 1,000,000 equity shares on a preferential basis.
• Price: Rs 45.65 per share including Rs 35.65 premium.
• Pre-acquisition holding: 47,00,092 shares (16.10%).
• Post-acquisition holding: 57,00,092 shares (18.55%).
• Total voting capital remains Rs 30,72,50,000 after allotment.

Shareholding change

• Promoter allotted 5,30,000 equity shares on preferential basis on 13.10.2026.
• Price per share Rs 45.65 including Rs 35.65 premium.
• Post-transaction promoter holding: 59,78,974 shares, 19.46% of voting rights.
• Pre-acquisition holding: 54,48,974 shares, 18.66% voting rights.
• Acquisition by promoter group including Rashmi Agrawal and Vijay Prasad Pappu.
• Total equity share capital before acquisition: Rs 30,72,50,000.
• Mode: preferential allotment; disclosures to NSE and BSE.
• Acquisition governed by Regulation 29(2) of SEBI SAST Regulations, 2011.
• Promoter status confirmed; acquirer belongs to Promoter/Promoter group.
• Shares listed on NSE and BSE.

Promoter share allotment

• Promoter Rashmi Agrawal allotted 10,00,000 equity shares on preferential basis in Texmo Pipes and Products Limited.
• Disclosure filed under Regulation 7(2) of SEBI PIT Regulations, 2015.

Promoter share allotment

• Target: Texmo Pipes and Products Limited, Indian pipes and plumbing products manufacturer.
• Promoter transaction: promoter Sanjay Kumar Agrawal allotted 5,30,000 equity shares on preferential basis.
• Shareholding: shares allotted; percentage of holding not disclosed.
• Regulatory basis: disclosure under Regulation 7(2) of SEBI Insider Trading Regulations, 2015.
• Cost/price: not disclosed.
• Timeline: not specified.
• Industry: Pipes manufacturing.
• Background: Texmo Pipes and Products Limited, engaged in pipes and plumbing products.

Dematerialisation details furnished

• Details of dematerialized securities for the quarter ended 30 September 2026 furnished to all exchanges.

Litigation Update

• Arbitration award issued in favor of Texmo against Larsen and Toubro for Rs 25.66 crore, interest and costs.
• Counter-claims of Texmo were dismissed as outside the arbitration scope.
• Outstanding dues of Rs 23.51 crore were dismissed; Texmo may challenge in other forums.
• Texmo does not expect operational impact and will pursue legal recourse.

Allotment Details

• Board approves preferential allotment of 15.30 lakh equity shares at Rs 45.65, aggregating Rs 6.98 crore.
• Allotted to promoters Sanjay Kumar Agrawal and Rashmi Agrawal.
• Paid-up capital increases to Rs 30,72,50,000.
• Equity shares to rank pari-passu with existing shares.
• Annexure I provides post-allotment shareholding details.

Capital / Securities

• In-principle approvals from NSE and BSE for proposed preferential issue of 15,30,000 equity shares.
• Approvals granted on September 29, 2026.
• Proceeds to be used as approved by shareholders and disclosed in the explanatory statement.
• Approvals remain valid per the letters and applicable laws.
• Withdrawal/cancellation/suspension not applicable.

Texmo Pipes and Products Limited: Trading Window closed from 01st October, 2026; will reopen 48 hours after declaration of Standalone and Consolidated Un-Audited Financial Results for the Quarter and half year ended 30th September, 2026.

AGM details

• Date and time: 11 September 2026 at 12:30 PM via VC/OAVM.
• Record date for voting: 4 September 2026; 41,670 shareholders on record.
• Attendance: 55 members present via VC/OAVM.
• Remote e-voting window: 8–10 September; venue e-voting at AGM.

Resolutions and outcomes

• Item 1 (Ordinary): adoption of standalone and consolidated financial statements and reports — passed.
• Item 2 (Ordinary): reappointment of Rashmi Agrawal by rotation — passed.
• Item 3 (Special): preferential allotment of equity shares to promoter group — passed.
• Item 4 (Special): remuneration-related governance action — passed.
• Item 5 (Special): remuneration for Rashmi Agrawal as Whole-time Director — passed.
• Item 6 (Special): remuneration for Sanjay Kumar Agarwal as Managing Director — passed.

Related party and other material approvals

• Promoter group preferential issue constitutes a material related party transaction; value not disclosed.
• Auditor status: no change in auditors disclosed.