Board allots 15,30,000 equity shares to promoters on preferential basis at Rs. 45.65 per share
Board meeting outcome: the board approved allotment of 15,30,000 fully paid-up equity shares to promoters on a preferential basis.
By ScoutQuest · · 1 min read
- Issue Price
- Rs. 45.65 per share (face value Rs. 10 + premium Rs. 35.65)
- Allotment Size
- 15,30,000 fully paid-up equity shares, aggregating Rs. 6.98 crore
- Paid-up Equity Share Capital
- rises from ₹ 29.2 crore to ₹ 30.73 crore; total shares from 2,91,95,000 to 3,07,25,000
Board meeting outcome: preferential allotment to promoters
The board of Texmo Pipes and Products Ltd met on October 13, 2026 and approved the allotment of equity shares to two of its promoters on a preferential basis.
What was allotted
- 15,30,000 fully paid-up equity shares of face value Rs. 10 each.
- Issue price of Rs. 45.65 per share, which includes a premium of Rs. 35.65 per share.
- The allotment aggregates to Rs. 6.98 crore.
- The shares are allotted to Shri Sanjay Kumar Agrawal and Smt. Rashmi Agrawal, promoters of the company.
- The shares rank pari-passu, in all respects, with the existing equity shares of the company.
What changes in the capital structure
- Paid-up equity share capital goes from ₹ 29.2 crore (2,91,95,000 fully paid-up equity shares of ₹ 10 each) to ₹ 30.73 crore (3,07,25,000 fully paid-up equity shares of ₹ 10 each).
Promoter shareholding before and after the allotment
- Shri Sanjay Kumar Agrawal: 54,48,974 shares (18.66%) before, 59,78,974 shares (19.46%) after.
- Smt. Rashmi Agrawal: 47,00,092 shares (16.10%) before, 57,00,092 shares (18.55%) after.
How a retail investor can read this
A preferential allotment means new shares are issued to specific identified investors rather than to the public, and here those investors are the promoters themselves. Because the total number of shares in the company increases, each existing share represents a slightly smaller slice of the company. This is commonly called dilution.
The promoters are paying cash to subscribe to these shares, and their percentage holding in the company goes up after the allotment, as shown in the table above.
The total amount coming into the company from this allotment is Rs. 6.98 crore.
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 on preferential basis15,30,000
- Issue price per equity shareRs. 45.65
- Face value per equity shareRs. 10/-
- Aggregate amount of allotmentRs. 6,98,44,500/-
- Paid-up equity share capital after allotment₹ 30,72,50,000
- Fully paid-up equity shares after allotment3,07,25,000
- Sanjay Kumar Agrawal shareholding after allotment19.46
- Rashmi Agrawal shareholding after allotment18.55
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