Outcome of the Finance and Investment Committee duly convened on 13th April, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Texel Industries' Finance and Investment Committee approved the conversion of 1,75,000 fully convertible equity warrants into an equal number of equity shares at ₹38.25 per share. Promoter Avani Shailesh Mehta exercised her conversion rights by paying the balance 75% amount of ₹50,20,312.50. Following this conversion, the company's paid-up equity share capital increased from ₹13,56,84,280 to ₹13,74,34,280. Avani Mehta now holds 4,26,059 shares representing 3.10% of the total share capital, up from her earlier holding of 2,51,059 shares (1.85%). An additional 3,47,875 warrants remain pending for future conversion.
The conversion increases the company's equity base by 1,75,000 shares and strengthens the promoter's stake. This is a routine warrant conversion exercise that has a modest positive impact on promoter holding and company capitalisation.