PI Industries to Incorporate Wholly Owned Subsidiary 'PI Foundation'

PI Industries Ltd announced that its Board of Directors, in a meeting held on August 11, 2026, approved the incorporation of a new company named 'PI Foundation' (or similar, subject to approval) as a wholly-owned subsidiary. This new entity will be established under Section 8 of the Companies Act, 2013. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The financial results show a profit before tax of ₹4,370 million for the quarter ended June 30, 2026, compared to ₹5,815 million in the same quarter last year. Revenue from operations for the quarter stood at ₹15,989 million.