Eurotex director Hariprasad Siotia passes away

Eurotex Industries and Exports announced the demise of Shri. Hariprasad Siotia, its Non-Executive Director, on June 07, 2026. The company intimated the stock exchanges regarding this development on June 09, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in compliance with a specific SEBI circular dated July 13, 2023.

Following his death, Shri. Hariprasad Siotia has ceased to be a Promoter and Promoter Group member of the company. This change is effective in accordance with Regulation 31A (6) (c) of the Listing Regulations. The Board and employees expressed their deep sympathy and condolences to his family, acknowledging the loss as irreparable for the company.

Key Details of the Change

The company provided specific details regarding the cessation of the director's role in the official filing.

Sr. No.	Particulars	Description
1.	Name	Shri. Hariprasad Siotia (DIN: 00015103)
2.	Reason for change	Demise of Non-Executive Director
3.	Date of cessation	June 07, 2026

The company noted that during his tenure, it benefited immensely from his thorough knowledge and rich experience as a Board member. The information has been hosted on the company's official website as required under Regulation 46 of the Listing Regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.05%	-8.42%	+16.90%	+33.03%	+32.19%	+122.60%

Eurotex Industries and Exports Limited has narrowed its net loss to ₹79.49 lakhs for the financial year ended March 31, 2026, compared to a net loss of ₹174.23 lakhs in the previous year. The company reported a net loss of ₹92.86 lakhs for the quarter ended March 31, 2026. Revenue from operations for the quarter stood at ₹0.56 lakhs, significantly lower than the ₹50.42 lakhs reported in the corresponding quarter of the previous year. Total income for the quarter was ₹43.19 lakhs, down from ₹360.44 lakhs in the same period last year.

Financial Performance

The company's financial statements were prepared on a going concern basis, despite the erosion of net worth and the discontinuation of manufacturing operations at Kolhapur. The management stated that it has settled lender dues and plans to develop available land area in the future. Statutory auditors Lodha & Co. LLP issued an unmodified opinion on the results.

The following table summarizes the key financial figures for the quarter and year ended March 31, 2026:

Particulars	Quarter Ended (31/03/2026)	Year Ended (31/03/2026)
Revenue from Operations	0.56	10.83
Total Income	43.19	528.11
Total Expenses	177.47	743.26
Profit/Loss before Tax	(134.28)	(215.15)
Net Profit/Loss for the period	(92.86)	(79.49)

Segment Reporting

Eurotex Industries operates through two reportable business segments: Textiles (yarn) and Real Estate Development. The Textiles segment reported a revenue of ₹10.83 lakhs for the year, while the Real Estate Development segment recorded no revenue for the year ended March 31, 2026. The company's total assets stood at ₹3,106.64 lakhs as of March 31, 2026.