Corporate governance compliance report filed for Q2 FY27; company falls below SEBI threshold
EUROTEXIND · price
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.5 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Eurotex Industries submitted a corporate governance compliance report for the quarter ended September 30, 2026. The company stated that SEBI Regulations 17 to 27 are not applicable because its paid-up share capital is below Rs 10 crore and net worth is below Rs 25 crore. The attached net worth certificate shows paid-up capital of Rs 874.02 lakhs and a deeply negative net worth of Rs 2,764.13 lakhs as of March 31, 2026, improving from a negative Rs 2,946.73 lakhs a year earlier. Reserves and surplus stand at negative Rs 3,638.15 lakhs.
Filing is procedural since the company is exempt under SEBI small-firm thresholds. However, negative net worth of about Rs 27.6 crore remains a serious red flag for shareholders.