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

Texmo Pipes and Products Limited reported a 35.5% year-on-year decline in net profit to ₹112.60 crore for the financial year ended March 31, 2026. Revenue from operations for the year decreased by 3.7% to ₹3,525.88 crore, down from ₹3,660.60 crore in the previous year. The board approved the audited standalone and consolidated financial results for the fourth quarter and fiscal year 2026 at its meeting held on May 28, 2026. The company published the extract of these audited financial results in Free Press (English) and Choutha Sansar (Hindi) on May 30, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹5.05 crore, a significant drop from ₹51.47 crore in the same period last year. Revenue from operations for the quarter stood at ₹951.85 crore, compared to ₹908.13 crore in the corresponding quarter of the previous year. Total income for the quarter was ₹965.57 crore. On a consolidated basis, the net profit for the year was ₹139.02 crore, while revenue from operations was ₹3,757.07 crore.

Operational Metrics

The company's total expenses for FY26 increased to ₹3,409.24 crore from ₹3,524.17 crore in FY25. Key expense components included the cost of materials consumed at ₹2,099.21 crore and employee benefits expenses amounting to ₹277.05 crore. Finance costs for the year were ₹38.95 crore. The board also appointed M/s Saurabh Parikh & Associates as the Cost Auditor and Mrs. Neha Shroff as the Internal Auditor for FY 2026-27.

Auditor's Report

The Statutory Auditors, M/s Anil Kamal Garg & Company, issued an audit report with an unmodified opinion on the audited financial results. The report confirms that the financial statements present a true and fair view of the company's affairs in conformity with Indian Accounting Standards (Ind AS). The trading window for designated persons will remain closed until June 1, 2026, in accordance with SEBI regulations.