Eurotex Industries and Exports Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
EUROTEXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Eurotex Industries has told the stock exchanges that SEBI's Regulation 32 (which tracks use of funds raised through rights or preferential issues) does not apply to the company for the quarter ended 30 June 2025, because it did not carry out any such fund-raising activity. Along with this routine compliance letter, the company filed a Net Worth Certificate from chartered accountants Shankarlal Jain & Associates. The certificate reveals that the company's paid-up capital has stayed flat at Rs. 874.02 lakhs for three years (FY23, FY24, FY25), but its net worth is deeply negative and getting worse every year. Net worth stood at minus Rs. 2,026.77 lakhs in FY23, minus Rs. 2,716.45 lakhs in FY24, and minus Rs. 2,946.73 lakhs in FY25, driven by reserves and surplus of minus Rs. 3,820.75 lakhs in FY25.
The Reg 32 part of the filing is purely routine and has no share-price impact. However, the attached net worth figures are a serious red flag: shareholder equity is fully eroded and accumulated losses are growing each year, which points to ongoing business losses and solvency concerns that investors should weigh carefully before taking exposure to this stock.