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Established in 1989, Eurotex Industries and Exports Limited is engaged in manufacturing of cotton yarn & knitted fabric.
Eurotex Industries & Exports will hold its 40th Annual General Meeting virtually. The Annual Report for FY 2025-26 is now accessible online, with web-links provided to members without registered emails.
Company calls AGM to approve extending redemption of Rs. 5 Cr preference shares by 10 years due to plant closures. FY26 net loss was Rs. 0.79 Cr (vs FY25 Rs. 1.74 Cr). Auditors flagged going concern risk & a Rs. 3.06 Cr electricity duty dispute, which co. plans to challenge.
Eurotex faces a major challenge as MSEDCL demands ₹140.45 Cr for outstanding electricity bills, threatening power disconnection. A separate ₹54.28 Cr demand for Plot E-23 is also disputed. Supreme Court dismissed Eurotex's appeal on a past MSEDCL order. The company is pursuing legal steps.
EUROTEX INDUSTRIES has appointed Mr. Mohammed Bilal, a qualified Company Secretary with 10 months of experience, as its new Company Secretary & Compliance Officer. This management update ensures continued governance and compliance oversight.