Hi-Tech Pipes Allots 90 Lakh Warrants to Promoter Group

Hi-Tech Pipes Ltd announced the allotment of 9,000,000 Fully Convertible Equity Warrants on a preferential basis to entities within the Promoter Group. The allotment was approved by the Securities Allotment Committee on July 31, 2026. Each warrant is convertible into one equity share of face value Re. 1/-. The subscription money received is Rs. 25/- per warrant, representing 25% of the issue price of Rs. 100/-. The remaining 75% of the issue price is payable within 18 months. The company stated that this allotment does not alter the paid-up equity share capital, shareholding pattern, or control of the company. The allottees include Mr. Vipul Bansal, Aks Buildcon Private Limited, and Hi-Tech Agrovision Private Limited.