21-Aug-2026      09:21

Texmo Pipes reports Rs 35,728.17 lakh turnover and Rs 1,125.96 lakh profit after tax

Texmo Pipes and Products Limited, incorporated in 2008 and operating in the plastic industry with a subsidiary in the UAE, reported a gross turnover of Rs 35,728.17 lakhs and a profit after tax of Rs 1,125.96 lakhs for the year ended March 31, 2026. The company faces intense competition and has previously experienced challenges impacting profitability, prompting strategies focused on cost reduction through measures like a solar power plant, market expansion, and enhanced quality control. Shareholders are set to vote on resolutions concerning director remuneration, with Chairperson Rashmi Agrawal proposed to receive Rs 20,00,000 per month and Managing Director Sanjay Kumar Agrawal Rs 25,00,000 monthly, figures the company deems just and fair based on experience and market comparisons. The resolutions also address related-party transactions involving property leases and familial relationships among key executives.

News source: Capital Market - Live News