Texel Industries Ltd — Important, 16-04-2026: Company Update

The company's Finance and Investment Committee approved the allotment of 1,72,875 equity shares following the conversion of warrants by Avani Shailesh Mehta, a promoter. The shares were issued at ₹38.25 each, with ₹0.496 Cr received as the balance payment. This conversion increased the company's total paid-up equity share capital from ₹13,91,84,280 to ₹14,09,13,030. Post-allotment, the promoter's shareholding has risen from 4.32% to 5.49%. All warrants held by Avani Shailesh Mehta are now converted, impacting the company's capital structure and promoter ownership.