Eurotex Industries and Exports Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Eurotex Industries and Exports Limited submitted a compliance statement to the exchanges (BSE and NSE) for the quarter ended 31 December 2025, stating that Regulation 32 of SEBI LODR is not applicable to the company as there were no Rights Issues, Preferential Issues, or similar fund-raising activities during the year, hence there is no material deviation to report. This is a routine, procedural compliance filing rather than a corporate action. Along with this filing, the company attached a Net Worth Certificate from its auditors, Shankarlal Jain & Associates LLP, covering FY2023, FY2024, and FY2025. The certificate reveals a deeply negative net worth of Rs. (2,946.73) lakhs in FY2025, worsening from Rs. (2,026.77) lakhs in FY2023, while the paid-up capital remained flat at Rs. 874.02 lakhs across all three years.
The filing itself is a non-event with no impact on shareholders. However, the attached net worth certificate highlights a significant red flag — the company's liabilities continue to exceed its assets, and the negative net worth is deepening year over year, which is a concern for long-term solvency and shareholder value.