Texel Industries has received an approval for raising funds by issue of Equity Shares and/ or Convertible/Non-Convertible Debentures, and/ or Convertible/ Non-Convertible Preference Shares and/ or any other financial instruments convertible into equity shares (including warrants), or such other securities, or any combination thereof as may be permitted under applicable laws, by way of a private placement and/ or right issue. The Board of Directors of the Company at its meeting held on June 19, 2019 has considered and approved the same.
Texel Industries is engaged in manufacturing Geomembranes for use in the construction and infrastructure sectors and PE Protection Covers for general use.