Eurotex Industries Seeks 10-Year Extension For ₹5 Crore Preference Redemption

Eurotex seeks shareholder and preference-holder approval to extend redemption of ₹5 crore 6% non-convertible preference shares allotted in 2016 from 10 to 20 years, to 8 December 2036, citing plant closures, labour issues and constrained cash flows. It also proposes appointing Sanjay Baldua as a non-executive director.