Eurotex Industries and Exports Limited has appointed M/s Ansari & Co, Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on May 22, 2026, following the recommendations of the company's Audit Committee.

The firm, identified by FRN 133874W and Membership number 128285, has been re-appointed to conduct the internal audit for the specified period. The Board meeting commenced at 3:00 PM and concluded at 3:40 PM on the same day.

Details of the Appointment

The appointment falls under the regulatory framework of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The brief profile of M/s Ansari & Co indicates that the firm is based in Bhiwandi and offers a range of professional services, including internal audits, stock audits, statutory audits, and tax audits.

Key Information

The firm was founded by CA Muzzarif Salam Ansari and focuses on delivering accounting and financial solutions across diverse industries. The disclosure regarding the relationship between directors was noted as not applicable in this context.

Eurotex Industries & Exports Limited has submitted its regulatory compliance statement to stock exchanges, confirming no material deviations under SEBI regulations for the financial year ended March 31, 2026. The Mumbai-based company filed the mandatory disclosure while also revealing its financial position through a net worth certificate covering the period from 2023 to 2025.

SEBI Regulation 32 Compliance

The company informed both BSE and NSE that Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable as there were no rights issues or preferential issues during the year. Chairman and Managing Director Krishan Kumar Patodia signed the compliance statement dated April 9, 2026, confirming no material deviations for the quarter and year ended March 31, 2026.

Financial Position Analysis

The net worth certificate issued by Shankarlal Jain & Associates LLP reveals a concerning financial trajectory for Eurotex Industries. The company's financial metrics show consistent deterioration over the three-year period:

Net Worth Computation Details

The net worth calculation shows the company's equity share capital of ₹874.02 lacs has remained constant across all three years. However, the negative reserves and surplus have expanded significantly, reaching ₹3820.75 lacs as of March 31, 2025. This represents a substantial increase from ₹2900.79 lacs in March 2023, indicating accumulated losses over the period.

Regulatory Framework

SEBI Regulation 32 requires listed companies to disclose any deviations in the use of funds raised through public issues. Since Eurotex Industries did not undertake any rights issues or preferential issues during the financial year 2025-26, the regulation was deemed non-applicable. The company maintains its listing on both BSE (Stock Code: 521014) and NSE (Stock Code: EUROTEXIND).

Professional Certification

The net worth certificate was prepared by Shankarlal Jain & Associates LLP, Chartered Accountants, based on audited accounts for the relevant financial years. Partner Satish Jain certified the computation on June 6, 2025, confirming the accuracy of the financial data presented. The certificate provides transparency regarding the company's capital structure and financial standing for stakeholders and regulatory compliance purposes.