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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Eurotex director Hariprasad Siotia passes away

1 min read     Updated on 10 Jun 2026, 03:33 AM
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Eurotex Industries and Exports announced the death of Non-Executive Director Shri. Hariprasad Siotia on June 07, 2026, notifying exchanges on June 09, 2026. Following his demise, Siotia ceased to be a Promoter and Promoter Group member under Regulation 31A (6) (c). The company expressed condolences and hosted the disclosure on its website.

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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.

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 to fill the vacancy left by Shri. Hariprasad Siotia on the Board?

How will the change in promoter group composition impact Eurotex's strategic direction?

Will the company announce any special dividend or changes in capital allocation following this event?

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1 Year Returns:-4.64%