Texmo Pipes allots 15.3 lakh shares to promoters at Rs 45.65
TEXMOPIPES · price
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On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Texmo Pipes and Products board on Oct 13, 2026 approved allotment of 15,30,000 equity shares to promoters Sanjay Kumar Agrawal and Rashmi Agrawal on preferential basis at Rs 45.65 per share (including Rs 35.65 premium), aggregating Rs 6.98 crore. Paid-up capital increased from Rs 29.19 crore to Rs 30.72 crore. Promoter holdings rose: Sanjay Agrawal from 18.66 percent to 19.46 percent, Rashmi Agrawal from 16.10 percent to 18.55 percent.
Promoter confidence signal as founders increase stake at a premium. Minor dilution for existing public shareholders.