Eurotex Industries Announces 40th AGM and Annual Report for FY26
Eurotex Industries will hold its 40th AGM on September 18, 2026, via VC/OAVM. The company will present its FY26 Annual Report and consider altering redemption terms for 50 lakh preference shares. Shri. Rajiv Patodia retires by rotation and seeks re-appointment as Director. E-voting is open from September 15-17, 2026.
The alteration of redemption terms for a significant number of preference shares is a material corporate action that could affect the company's financial structure and future obligations. The AGM itself is a routine event but includes important financial statement reviews and director appointments.
The announcement is primarily procedural, detailing the AGM, annual report, and a change in preference share redemption terms. While the change in terms is a corporate action, it does not inherently suggest a positive or negative financial impact without further context.
Eurotex Industries and Exports Limited has announced its 40th Annual General Meeting (AGM) for the Financial Year 2025-26, along with the dispatch of its Annual Report. The AGM is scheduled to be held on Friday, September 18, 2026, at 9:30 AM through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). No physical meeting will be held.
The agenda for the AGM includes the consideration and adoption of the Financial Statements for the year ended March 31, 2026, including the Audited Balance Sheets, Statements of Profit and Loss, and Cash Flow Statements, along with the Directors' and Auditors' Reports.
A significant item of special business is the proposed variation and alteration of the redemption terms for 50,00,000 (Fifty Lakhs) 6% Non-Cumulative Non-Convertible Redeemable Preference Shares, each with a face value of ₹10, originally issued on December 8, 2016. The proposed changes include redemption at par at any time before the expiry of the 20th year from the allotment date (i.e., on or before December 8, 2036), with the company having the sole discretion for early redemption. These shares will have priority concerning dividend and capital repayment over equity shares, with dividends being non-cumulative. Shareholders will not have the option to convert these preference shares into equity or any other security. However, if dividends remain unpaid for two years or more, shareholders will gain voting rights on all company resolutions. Redemption is to be funded from distributable profits or proceeds from a fresh issue of shares.
The company has also informed about the resignation of Ms. Neha Garg as Company Secretary and Compliance Officer on March 16, 2026, and the appointment of Mr. Mohd Bilal to the same position on April 17, 2026. Additionally, Shri. Hariprasad Siotia ceased to be a Director of the Company on June 7, 2026, due to his demise. Shri. Rajiv Patodia is retiring by rotation and offering himself for re-appointment as a Director.
The Register of Members and Share Transfer Books will be closed from September 11, 2026, to September 18, 2026, both days inclusive. The company is providing facility for remote e-voting from September 15, 2026 (9:00 AM) to September 17, 2026 (5:00 PM). Shareholders are encouraged to participate through VC/OAVM and utilize the e-voting facility. Detailed instructions for e-voting and attending the virtual AGM have been provided.
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Eurotex Industries and Exports Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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