Texmo Pipes & Products issued a corrigendum to the notice for its 18th Annual General Meeting (AGM) scheduled for September 11, 2026. The filing clarifies the intended utilization of proceeds from a proposed preferential issue and confirms the promoter status of allottees.

The company stated that the proceeds will be deployed to meet working capital requirements in the ordinary course of business. The total amount earmarked for this object is ₹698.44 lakh, with a tentative timeline for utilization set within three months.

Preferential Issue Details

The corrigendum adds specific disclosures to the explanatory statement for item no 4 of the AGM notice. It specifies that the equity shares are frequently traded on stock exchanges, satisfying Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Promoter Status Confirmation

Under Regulation 163(1)(j) of the SEBI ICDR Regulations, the company disclosed the current and proposed status of the allottees post-issue. Both Mr Sanjay Kumar Agrawal and Mrs Rashmi Agrawal are classified as promoters. Their status as promoters will remain unchanged following the preferential issue.

The company is in the process of sending the corrigendum to shareholders and other entitled parties. The document is also available on the company’s website.

Texmo Pipes and Products has scheduled its 18th Annual General Meeting (AGM) for Friday, September 11, 2026. The meeting will be held via video conferencing or other audio-visual means (VC/OAVM) starting at 12:30 pm.

The company disclosed the agenda pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notices were published in Free Press (English) and Choutha Sansar (Hindi) on August 18, 2026.

Key Agenda Items

The AGM will transact ordinary and special business, including the adoption of financial statements for FY26 and specific corporate actions.

Preferential Issue to Promoters

Shareholders will vote on a special resolution to approve the issuance of up to 15,30,000 equity shares of face value ₹10 each on a preferential basis to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal. The issue is priced at ₹45.65 per share, aggregating to ₹6,98,44,500.

The pricing is based on the higher of the 90-day or 10-day volume-weighted average price preceding the relevant date of August 12, 2026. The calculated floor prices were ₹45.61 (90-day) and ₹43.12 (10-day). The proceeds are intended for long-term working capital requirements and strengthening the company's financial position without increasing finance costs.

Post-issue, the promoters' combined holding is expected to rise to approximately 38.01% of the post-preferential offer capital. The allotted shares will rank pari-passu with existing equity shares and carry an 18-month lock-in period from the date of trading approval.

Director Remuneration Approval

The meeting will also seek approval for the remuneration of key managerial personnel for the tenure from September 1, 2026, to August 31, 2028:

• Smt. Rashmi Agrawal (Chairperson and Whole Time Director): Monthly basic salary of ₹17,460 plus allowances including House Rent Allowance (40% of basic), Medical Allowance (10% of basic), and other perquisites such as tours, travel, entertainment, canteen, and performance allowances.
• Mr. Sanjay Kumar Agrawal (Managing Director): Monthly basic salary of ₹17,460 plus similar allowances, with higher specific limits for tours/travel (₹7,42,143 per month), entertainment (₹7,42,143 per month), canteen (₹7,42,143 per month), and performance allowance (₹2,47,381 per month).

Other Business

The ordinary business includes the re-appointment of Mrs. Rashmi Agrawal as a director retiring by rotation. Additionally, shareholders will ratify the remuneration of ₹80,000 plus applicable taxes to M/s. Saurabh Parikh & Associates as Cost Auditors for FY27.

Meeting Logistics

The register of members will remain closed from September 5, 2026, to September 11, 2026. The cut-off date for determining voting eligibility is September 4, 2026.

Remote e-voting will be open from September 8, 2026, at 9:00 am to September 10, 2026, at 5:00 pm. Shareholders must register their email addresses with their Depository Participants or KFin Technologies Ltd., the Registrar & Share Transfer Agent, to receive e-voting credentials and the Annual Report electronically.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE141K01013/ef2504e2-5838-4230-97fc-ebd2f8ce4149.pdf