Eurotex Industries & Exports has scheduled its 40th Annual General Meeting for September 18, 2026. The meeting will address critical capital structure adjustments and board appointments via video conferencing.

The primary special business item involves varying the redemption terms of ₹5 crore worth of 6% non-cumulative non-convertible redeemable preference shares. Originally issued in December 2016 with a 10-year maturity, the company proposes extending the redemption period to 20 years. This allows redemption on or before December 8, 2036.

Capital Restructuring Rationale

The board attributes the need for extension to constrained cash flows following the closure of its Kolhapur manufacturing plants. Operations at these facilities ceased in March 2019 due to persistent labor issues, with formal closure announced in March 2022. The company states it is currently unable to redeem the shares on the original due date.

The explanatory statement notes that the extended timeline will enable the company to stabilize its financial position and potentially redeem the shares from property sale proceeds. 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.

Board and Administrative Updates

The AGM agenda includes 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. He holds directorships in Patodia Syntex Limited and other group entities.

Additionally, shareholders will vote on the regularization of Sanjay Shrinarayan Baldua’s appointment as a non-executive non-independent director. Baldua was initially appointed as an additional director on August 7, 2026. He possesses over 35 years of experience in garment merchandising and apparel manufacturing operations.

Procedural Details

The company has 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. Institutional shareholders must submit certified board resolutions authorizing their representatives to vote electronically.

The meeting will also seek approval to maintain the register of members at Raheja Chambers, 12th Floor, Nariman Point, Mumbai, distinct from the registered office located on the 11th floor of the same building.

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.