Eurotex Industries and Exports Ltd accepts CS Bilal's resignation

1 min read     Updated on 20 Jul 2026, 08:34 PM
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Eurotex Industries and Exports Ltd has accepted the resignation of Mr. Mohd Bilal as Company Secretary and Compliance Officer effective July 20, 2026, due to personal reasons. The resignation will be placed before the Board for formal acceptance, and the company will notify the stock exchanges and the Registrar of Companies.

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Eurotex Industries and Exports Ltd has received the resignation of Mr. Mohd Bilal from the positions of Company Secretary and Compliance Officer, effective July 20, 2026. The resignation was tendered due to personal reasons and has been accepted by the company's management. The development was communicated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Consideration and Regulatory Compliance

The resignation letter dated July 20, 2026, will be placed before the Board of Directors of Eurotex Industries and Exports Ltd for its formal consideration and acceptance in due course. The company has stated that it will intimate the respective stock exchanges and submit the necessary forms with the office of the Registrar of Companies, Mumbai, as required. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Details of the Resignation

The following table outlines the key details regarding the change in the company's compliance officer position:

Sr. No Details of the event Information
Name Mr. Mohd Bilal
Reason for change Resignation
Date of cessation July 20, 2026
Brief profile Not Applicable
Disclosure of relationships Not Applicable

Mr. Krishan Kumar Patodia, Chairman and Managing Director of Eurotex Industries and Exports Ltd, signed the communication accepting the resignation. The company has ensured that all procedural requirements are met following the cessation of the Company Secretary's tenure.

Historical Stock Returns for Eurotex Industries & Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+1.97%+5.55%-13.33%-6.37%-4.64%+7.83%

Who will be appointed as the interim Company Secretary and Compliance Officer to ensure continuity until a permanent replacement is found?

What impact will the sudden departure of the compliance officer have on the company's upcoming regulatory filings and deadlines?

Will the resignation of Mr. Bilal lead to any delays in the company's ongoing corporate governance initiatives or board decisions?

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Eurotex Industries and Exports reports no deviation in Q1FY26

1 min read     Updated on 20 Jul 2026, 05:56 PM
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Eurotex Industries and Exports Ltd reported no material deviation for Q1FY26 as Regulation 32 of SEBI Listing Obligations does not apply due to the absence of capital raising activities. An audited net worth certificate showed paid-up capital remained steady at ₹874.02 lakh from FY24 to FY26, while net worth improved slightly to a deficit of ₹2,764.13 lakh in FY26 from ₹2,946.73 lakh in FY25.

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Eurotex Industries and Exports Ltd has confirmed that there is no material deviation for the quarter ended June 30, 2026, as Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company. The regulation requires disclosures regarding deviations in the use of proceeds from capital raising instruments, but the company stated that no rights issue, preferential issue, or similar activities occurred during the year. The disclosure was submitted to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on July 20, 2026.

Separately, the company released a net worth certificate audited by Shankarlal Jain & Associates LLP. The certificate details the paid-up capital and net worth position as of March 31, 2024, March 31, 2025, and March 31, 2026. The figures are based on the audited accounts for the respective financial years.

Net Worth and Capital Position

The financial data indicates a consistent paid-up capital over the three-year period, while the net worth remained negative. The computation includes equity share capital and reserves and surplus, excluding revaluation reserves.

Particulars 31st March 2026 (₹ in lacs) 31st March 2025 (₹ in lacs) 31st March 2024 (₹ in lacs)
Paid Up Capital 874.02 874.02 874.02
Net worth (2,764.13) (2,946.73) (2,716.45)

The negative net worth is primarily driven by the reserves and surplus, which stood at a deficit of ₹3,638.15 lakh in FY26, compared to ₹3,820.75 lakh in FY25 and ₹3,590.47 lakh in FY24. Miscellaneous expenditure was not deducted in any of the reported years.

Historical Stock Returns for Eurotex Industries & Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+1.97%+5.55%-13.33%-6.37%-4.64%+7.83%

What strategic measures is Eurotex Industries implementing to reverse the persistent negative net worth trend?

How will the accumulated deficit in reserves and surplus impact the company's ability to secure future financing?

Is Eurotex Industries planning any capital restructuring or equity infusion to address the negative net worth?

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1 Year Returns:-4.64%