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.

Eurotex Industries & Exports reported a net loss of ₹131.27 lakh for the quarter ended June 30, 2026, widening from a net loss of ₹87.04 lakh in the corresponding quarter of FY25. The deterioration in profitability was driven by a sharp decline in revenue from operations to ₹1.85 lakh from ₹4.43 lakh year-over-year, coupled with rising finance costs. This financial performance underscores the ongoing challenges faced by the company as it navigates discontinued manufacturing operations and significant legal liabilities.

The Board of Directors approved the unaudited financial results in a meeting held on August 7, 2026. The results were reviewed by Lodha & Co LLP, the statutory auditors, who issued an unmodified opinion under Standard on Review Engagements (SRE) 2410. The filing complies with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Despite the operational losses, the company continues to prepare its financial statements on a going concern basis, citing the settlement of lender dues and plans for future land development at its Kolhapur facility.

Financial Performance Overview

The company’s total income stood at ₹55.05 lakh for the quarter, a decline from ₹69.31 lakh in Q1FY25. While other income increased to ₹53.20 lakh from ₹64.88 lakh in the previous year’s corresponding period, it was insufficient to offset the high expense burden. Total expenses rose to ₹194.27 lakh from ₹188.41 lakh in Q1FY25. Finance costs emerged as a critical pressure point, increasing to ₹60.93 lakh from ₹65.53 lakh in the prior year quarter, though they remained elevated compared to the ₹29.66 lakh recorded in Q4FY26.

Segment-wise Analysis

The company operates through two reportable segments: Textiles (Yarn) and Real Estate Development. The Textiles segment continued to incur significant losses, reporting a segment result of (₹126.72) lakh for the quarter. In contrast, the Real Estate Development segment reported no revenue or results for the period. Unallocable income contributed ₹53.20 lakh to the bottom line, partially mitigating the operational losses. Segment assets totaled ₹3,110.66 lakh, with liabilities standing at ₹5,913.12 lakh, highlighting a negative net asset position within the operating segments.

Material Uncertainties and Legal Risks

The auditor’s report highlights two critical matters affecting the company’s financial position. First, a material uncertainty related to going concern exists because the entire net worth has been eroded, and manufacturing plants at Kolhapur have been discontinued since March 25, 2019. Management asserts that lender dues have been settled via borrowing from promoter group companies and that future land development is planned.

Second, the Supreme Court delivered orders against the company regarding wrongly demanded electricity charges amounting to ₹1,680.26 lakh and electricity duty on captive power plant generation amounting to ₹305.54 lakh. The orders, dated July 24, 2026, and March 25, 2026, respectively, have prompted the company to file review petitions. Based on expert legal opinion citing favorable past orders from MERC, APTEL, and the High Court, the company has not provisioned for these liabilities, expecting a favorable outcome.

What the Numbers Show

The divergence between the minimal revenue from operations and the substantial other income reveals a business model currently sustained by non-operational assets rather than core textile activities. With revenue from operations dropping to negligible levels (₹1.85 lakh), the company’s ability to service its liabilities is heavily dependent on asset monetization or external support. The persistent negative segment results in textiles, combined with the legal overhang of nearly ₹2,000 lakh in disputed electricity charges, indicate that the path to profitability remains obstructed by both operational discontinuity and regulatory litigation.