Texel Industries Allots 1.75 Lakh Shares to Promoter

Texel Industries' Finance Committee approved conversion of 1,75,000 warrants into equity shares at ₹38.25 each for promoter Avani Shailesh Mehta.
The conversion increased company's paid-up capital from ₹13.57 crore to ₹13.74 crore after receiving ₹50.20 lakh balance payment.
Following conversion, 3,47,875 warrants remain pending for conversion by the same promoter category investor.
The new equity shares will rank pari-passu with existing shares as per SEBI ICDR Regulations preferential issue guidelines.