Texel Industries’ Board of Directors has approved the raising of funds through issuance and allotment of equity shares of face value of Rs 10/- each for an aggregate amount of up to Rs 20 crore, on a rights basis to the eligible equity shareholders of the Company as on a record date on such terms and conditions as may be decided by the Board of Directors or Committee thereof subject to the receipt of regulatory / statutory approvals.
Further, the Board of Directors has delegated powers to the Finance and Investment Committee of Directors in respect of Rights Issue.
Texel Industries, formerly known as Texel Plastics manufactures speciality coated fabrics, protection covers and other related products at its plant in Kalol, Gujarat. The company's products are used in effluent storage ponds, foundations of buildings, water-proofing of buildings, building of roads, storage of grain, transportation of goods, etc.
| Company Name | CMP |
|---|---|
| Welspun Living | 125.45 |
| Vardhman Textiles | 557.75 |
| Arvind | 387.20 |
| K.P.R. Mill | 926.40 |
| Page Industries | 37935.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: