Eurotex Industries and Exports Limited has informed regarding Non Applicability of the Compliance Report on Corporate Governance for the Quarter ended December 2025
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Eurotex Industries and Exports Limited has informed the stock exchanges that the quarterly Corporate Governance Compliance Report under SEBI's Listing Regulations is not applicable to the company for the quarter ended 31 December 2025. This exemption applies because the company's paid-up share capital (Rs. 8.74 crores) is below Rs. 10 crores and its net worth is below Rs. 25 crores. However, the accompanying Net Worth Certificate reveals the company's net worth is actually negative at Rs. (29.47) crores as on 31 March 2025. The negative position is driven by accumulated losses of Rs. (38.21) crores reflected in Reserves & Surplus, and the net worth has deteriorated steadily from Rs. (20.27) crores in FY23 to Rs. (27.16) crores in FY24 to the current Rs. (29.47) crores in FY25.
The disclosure highlights a serious red flag — the company has deeply negative net worth, meaning accumulated losses have completely wiped out shareholder equity. While the small-cap exemption from detailed corporate governance reporting is routine, the worsening negative net worth signals ongoing financial weakness and is a material concern for existing and prospective shareholders.