Eurotex and Exports (EUROTEXIND) — Board Meeting

📢 Key Event
Eurotex announces AGM resolutions on preference share redemption extension and new director appointment

🔄 What Changed
Extended redemption period for 5 million 6% preference shares from 10 to 20 years; appointed Sanjay Shrinarayan Baldua as director

🔮 What's Next
Redemption period extension approved until 20th year from allotment (by 8th December 2036); new director appointed effective 7 August 2026

💡 Investor Takeaway
The preference share redemption extension may delay cash outflows but signals financial stress from plant closures, while the new director appointment reflects leadership continuity.

Eurotex Industries and Exports Limited announced its 40th AGM on 18 September 2026 via video conferencing, where shareholders will vote on key resolutions including approval of financial statements, appointment of a new director, and alteration of redemption terms for 5 million 6% non-cumulative redeemable preference shares. The meeting follows SEBI and MCA compliance, with e-voting open from 15-17 September 2026 via CDSL/NSDL platforms. A special resolution seeks to extend the redemption period of preference shares from 10 to 20 years due to financial strain from plant closures, and a new director, Sanjay Shrinarayan Baldua, will be appointed effective 7 August 2026. Shareholders must register by 11 September 2026 to participate electronically.

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About Eurotex Industries and Exports Limited (EUROTEXIND)

Textiles · Textiles · Listed on NSE

Market Cap: ₹11.72 Cr ROE: 4.3% ROCE: -2.1%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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