Eurotex Industries & Exports reported a net loss of ₹79.49 lakh for the financial year ended March 31, 2026 (FY26), an improvement from the ₹174.23 lakh loss recorded in FY25. The company’s revenue from operations contracted sharply by 91% to ₹10.83 lakh, compared to ₹115.65 lakh in the previous year, reflecting the continued suspension of manufacturing activities.

Financial Performance

The operating profit before finance cost, depreciation, and tax stood at ₹73.64 lakh in FY26, down from ₹189.42 lakh in FY25. Finance costs totaled ₹219.38 lakh, while depreciation expenses were ₹69.41 lakh. The company benefited from a deferred tax credit of ₹135.66 lakh, which contributed to the reduction in the overall net loss.

Other income for the year was ₹517.28 lakh, primarily driven by a profit on the disposal of property, plant, and equipment amounting to ₹370.22 lakh. This contrasts with the prior year’s other income of ₹602.96 lakh. The company’s total assets decreased slightly to ₹3,106.64 lakh from ₹3,232.31 lakh in FY25.

Capital Structure and AGM Updates

The company has scheduled its 40th Annual General Meeting for September 18, 2026. A key agenda item involves extending the redemption period of ₹5 crore worth of 6% non-cumulative non-convertible redeemable preference shares. Originally issued in December 2016 with a 10-year maturity, the redemption date is proposed to be extended to December 8, 2036. The board attributes this extension to constrained cash flows following the closure of its Kolhapur manufacturing plants in March 2019 due to persistent labor issues.

The preference shares remain non-cumulative, meaning unpaid dividends do not accumulate. However, if dividends remain unpaid for two or more years, preference shareholders gain voting rights on all resolutions. The shares are held primarily by PBM Polytex Limited (92%) and Star Silk Exports Private Limited (8%).

Board and Administrative Changes

Shareholders will vote on the reappointment of Rajiv Patodia as a director upon his retirement by rotation. Patodia, who has served since October 1997, brings over three decades of experience in cotton trading and spinning manufacturing. Additionally, the meeting will seek approval for the regularization of Sanjay Shrinarayan Baldua’s appointment as a non-executive non-independent director, effective August 7, 2026. Baldua possesses over 35 years of experience in garment merchandising and apparel manufacturing.

The company also notified the closure of its register of members from September 11 to September 18, 2026. Remote e-voting will commence on September 15 at 9:00 am and conclude on September 17 at 5:00 pm. The board has appointed M/s. Aabid & Co. as the scrutinizer for the e-voting process.

What the Numbers Show

The significant divergence between the operating profit (₹73.64 lakh) and the net loss (₹79.49 lakh) highlights the heavy drag from finance costs (₹219.38 lakh) and depreciation (₹69.41 lakh) on the company’s bottom line. With operational revenue nearly negligible at ₹10.83 lakh, the company’s ability to service its debt, which includes secured loans from related parties totaling ₹2,922.00 lakh, remains heavily dependent on asset disposals and other income rather than core business operations.

Eurotex Industries & Exports Limited has announced the appointment of Ms. Priya Amit Manglani as its Company Secretary & Compliance Officer, effective August 07, 2026. The decision was taken at a Board of Directors meeting held on Friday, August 07, 2026, which commenced at 3:00 p.m. and concluded at 3:40 p.m. The appointment has been made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The following table summarises the key details of the appointment as disclosed by the company:

Profile of the Appointee

Ms. Priya Amit Manglani is an Associate Member of the Institute of Company Secretaries of India, holding membership number A80626. She possesses requisite qualification and skills in secretarial compliances and has undertaken assignments with good experience in corporate law and listing regulations. The company has confirmed that she is not related to any Director, Key Managerial Personnel, or Promoter of the company.

Regulatory Compliance

The intimation has been made in accordance with Regulation 30, Para A (7) of Part A of Schedule III of the Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD1/P/CIR/2024/0154 dated November 11, 2024. The disclosure was submitted to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited through their respective online portals.