Quarterly Result28 May 2026, 07:12 pm
Hi-Tech Pipes Q4/FY26 Results Approved; ₹90 Cr Warrants to Promoters
AI Summary
The Board of Directors of Hi-Tech Pipes Limited approved the audited financial results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. Alongside the results, the board also approved a preferential issue of 90,00,000 Fully Convertible Equity Warrants, each priced at ₹100, to the Promoter Group. This potential fundraise of ₹90 crore is subject to shareholder approval via postal ballot. Additionally, M/s S. Shekhar & Co. were appointed as Cost Auditors and M/s BAS & Co. LLP as Internal Auditors for the financial year 2026-27.
Key Highlights
- Board approved audited financial results for Q4 and FY26.
- Company to issue 90 lakh warrants worth ₹90 Cr to promoters.
- Warrants are fully convertible equity warrants at ₹100 each.
- M/s S. Shekhar & Co. appointed as Cost Auditors for FY26-27.
- M/s BAS & Co. LLP appointed as Internal Auditors for FY26-27.
Price Impact
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