Eurotex Industries and Exports Limited — Others, 05-04-2025: Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter

Eurotex Industries and Exports Limited has announced a board meeting to discuss the compliance report on corporate governance. The company has determined that the applicable regulations are not relevant due to its paid-up share capital being below ₹10 crore and net worth below ₹25 crore. Consequently, the compliance report for the quarter and year ended 31 March 2025 is not required. The enclosed net worth certificate confirms a negative net worth of ₹2,716.45 crore as of 31 March 2024. This development may raise concerns among investors regarding financial stability, but may also provide an opportunity for the company to focus on restructuring efforts.