Eurotex Industries Seeks Shareholder Approval for Undertaking Disposal Up to ₹39 Crore
Eurotex Industries seeks shareholder approval via postal ballot to sell or lease undertakings up to ₹39 crore. E-voting is open from Oct 5 to Nov 3, 2026. The cut-off date for voting eligibility was Sept 29, 2026.
The potential disposal of company undertakings up to a significant amount (₹39 crore) could have a material impact on the company's asset base and future operations, hence the medium impact.
The announcement is a routine corporate action seeking shareholder approval for a potential disposal of assets. It does not contain any information that would indicate a positive or negative outlook for the company.
Eurotex Industries and Exports Limited has initiated a postal ballot process to seek shareholders' approval for the sale, lease, or disposal of its undertaking(s). This resolution, proposed under Section 110 of the Companies Act, 2013, allows the Board of Directors to dispose of undertakings where the company's investment exceeds 20% of its Net Worth or which generate 20% of its Total Income. The disposal can occur in one or several tranches, up to a total amount not exceeding ₹39 Crores, which includes ₹25 Crores previously approved by shareholders.
The company has completed the dispatch of the Postal Ballot Notice via email to shareholders on October 1, 2026. The e-voting period will commence on October 5, 2026, at 9:00 AM and conclude on November 3, 2026, at 5:00 PM. The cut-off date for determining eligibility to vote was September 29, 2026. The results of the postal ballot will be announced within 48 hours of the conclusion of the e-voting period, by November 5, 2026. The Board of Directors has appointed Aabid & Co. as the scrutinizer for the postal ballot and e-voting process.
What to do with a filing like this
Eurotex Industries and Exports Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. 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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See the model portfoliosA plain-language summary of a public exchange filing by Eurotex Industries and Exports Limited. Read the original for the full detail.