Board allots 15,30,000 equity shares to promoters on preferential basis
Board approved allotment of 15,30,000 equity shares of face value Rs. 10 each to promoters Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal on a preferential basis at Rs. 45.65 per share, aggregating to Rs. 6.98 crore.
By ScoutQuest · · 2 min read
- Shares allotted
- 15,30,000 equity shares of face value Rs. 10 each
- Issue price
- Rs. 45.65 per share, aggregating to Rs. 6.98 crore
- Paid-up equity capital
- from ₹ 29.2 crore to ₹ 30.73 crore
What was announced
Texmo Pipes and Products Ltd informed the stock exchanges that its Board of Directors has allotted equity shares to promoters on a preferential basis, at a meeting held on Tuesday, October 13, 2026. A preferential issue means fresh shares are issued to a select set of investors — here, the promoters — instead of to the public.
The allotment in numbers
- Shares allotted: 15,30,000 fully paid-up equity shares of face value Rs. 10 each.
- Issue price: Rs. 45.65 per equity share, including a premium of Rs. 35.65 per equity share.
- Total amount: Rs. 6.98 crore.
- Allottees: Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal, promoters of the company.
- Route: preferential issue in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
What happens to the share capital
Because these are newly issued shares, the total number of shares in the company rises. Paid-up equity share capital moves from ₹ 29.2 crore (2,91,95,000 shares of ₹ 10 each) to ₹ 30.73 crore (3,07,25,000 shares of ₹ 10 each).
The company states that the new equity shares rank pari-passu, in all respects, with the existing equity shares. In simple terms, the newly issued shares carry the same rights as the shares already held by other shareholders.
Promoter holding before and after
- Shri Sanjay Kumar Agrawal: from 5448974 shares (18.66%) to 5978974 shares (19.46%).
- Smt. Rashmi Agrawal: from 4700092 shares (16.10%) to 5700092 shares (18.55%).
How to read this
- The promoters are subscribing to fresh shares at Rs. 45.65 each, of which Rs. 35.65 is premium over the Rs. 10 face value.
- The money received by the company on this allotment is Rs. 6.98 crore.
- Since fresh shares are created, the total share count goes up. An increase in the number of shares is a factor existing shareholders may want to note when tracking their own stake in the company.
- The promoter shareholding percentages for both individuals rise after the allotment.
Also from Texmo Pipes and Products
Texmo Pipes and Products Ltd promoter buys 3.25% stake, holding rises to 18.55%
16 Oct 2026
Texmo Pipes and Products Ltd promoter buys 1.72% stake
16 Oct 2026
Promoter allotted 10,00,000 equity shares on preferential basis; stake up from 16.10% to 18.55%
15 Oct 2026
More numbers
- Equity shares allotted to promoters15,30,000
- Issue price per equity shareRs.45.65/-
- Premium per equity shareRs. 35.65/-
- Total amount of the allotmentRs. 6,98,44,500/-
- Paid-up equity share capital after allotment₹ 30,72,50,000
- Paid-up equity share capital before allotment₹ 29,19,50,000
- Shri Sanjay Kumar Agrawal holding after allotment5978974
- Smt. Rashmi Agrawal holding percentage after allotment18.55
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