Texel Industries Ltd — Important, 15-04-2026: Company Update

The company's Finance and Investment Committee approved the allotment of 1,75,000 equity shares to Avani Shailesh Mehta, a promoter. These shares were issued at ₹38.25 each upon conversion of an equal number of warrants, with the company receiving ₹0.50 Cr as the balance payment. This increases the total paid-up equity capital from ₹13.74 Cr to ₹13.92 Cr. Following this allotment, Avani Shailesh Mehta's shareholding rose from 3.10% to 4.32%. There are 1,72,875 warrants remaining for her to convert. This transaction strengthens promoter holding and injects capital into the company.