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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.

Texmo Pipes and Products Limited reported a gross turnover of Rs 35,728.17 lakhs, a PBDIT of Rs 2,505.66 lakhs, and a profit after tax of Rs 1,125.96 lakhs, according to its annual report. The company, which operates in the plastic industry producing pipes and fittings, commenced commercial production in 2008 and faces significant competition. Shareholders will 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, inclusive of benefits. The company disclosed pecuniary relationships between directors and the business, including property leasing, and noted that the CEO is the son of the chairperson and managing director. Texmo Pipes is focused on cost reduction through measures like a solar power plant and is expanding its market reach.

Texmo Pipes & Products will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Net profit of Texmo Pipes & Products declined 73.74% to Rs 1.56 crore in the quarter ended March 2026 as against Rs 5.94 crore during the previous quarter ended March 2025. Sales declined 1.17% to Rs 97.44 crore in the quarter ended March 2026 as against Rs 98.59 crore during the previous quarter ended March 2025.For the full year,net profit declined 26.75% to Rs 14.05 crore in the year ended March 2026 as against Rs 19.18 crore during the previous year ended March 2025. Sales declined 3.96% to Rs 375.71 crore in the year ended March 2026 as against Rs 391.20 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales97.4498.59 -1 375.71391.20 -4 OPM %7.806.71 -8.489.00 - PBDT7.486.57 14 30.4231.13 -2 PBT4.683.07 52 19.6417.33 13 NP1.565.94 -74 14.0519.18 -27 Powered by Capital Market - Live News

Texmo Pipes & Products will hold a meeting of the Board of Directors of the Company on 28 May 2026.