Hariom Pipe Industries Ltd

Rupesh Kumar Gupta, a partner in M/s. Ultra Pipes and part of the promoter group of Hariom Pipe Industries Ltd, has submitted a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This filing pertains to an administrative transfer of shares from his PAN (as registered owner) to the PAN of M/s. Ultra Pipes (as beneficial owner). The company clarifies that this is an internal record alignment and there is no change in the ultimate beneficial ownership or the shareholding pattern. The transfer involves 2,333,338 shares, representing 7.53% of the total share capital.

Hariom Pipe Industries Ltd has announced the closure of its trading window for all designated persons, their immediate relatives, and connected individuals. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to approve these results will be communicated later. Insiders are advised against trading company securities during this period.

Hariom Pipe Industries Ltd has issued a Corrigendum cum Addendum to its Extra-Ordinary General Meeting (EGM) notice, originally scheduled for June 16, 2026. The corrigendum addresses changes to Resolution No. 1 concerning the preferential issue of warrants convertible into equity shares. Specifically, the issue price for the equity shares has been revised from ₹343.00 to ₹343.03 per share, increasing the aggregate consideration to ₹51,45,45,000. This update is in response to observation letters from NSE and BSE, requiring rectification and additional details. The EGM will proceed as planned, with the notice now to be read in conjunction with this corrigendum.

Hariom Pipe Industries Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for June 16, 2026, at 12:30 PM (IST). The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The purpose of the EGM is to consider and approve the issue of warrants convertible into equity shares to persons belonging to the promoter category on a preferential basis. The notice of the EGM and explanatory statement have been sent electronically to members. Remote e-voting will commence on June 13, 2026, and end on June 15, 2026.

Hariom Pipe Industries Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a strong FY26 performance with revenue from operations at ₹1,666.95 crore, a 23% YoY increase. EBITDA stood at ₹209.42 crore, up 19% YoY, with a margin of 12.56%. Profit After Tax increased by 23% YoY to ₹75.83 crore. Operating cash flow improved significantly to ₹192.08 crore. The company also reported improved working capital discipline and strengthened its balance sheet.

Hariom Pipe Industries Ltd's board approved the re-appointment of M/s. R Kabra & Co, LLP as Statutory Auditors for a second term of 5 years, subject to member approval. Additionally, M/s. Ravi Ladia & Co. was re-appointed as Internal Auditors for FY 2026-27. The board also recommended a final dividend of ₹0.75 per equity share for FY 2026. Mr. Yash Gupta was re-designated as Vice President (VP) - Sponge Division as Senior Management Personnel. The decisions were made during the board meeting held on May 22, 2026.

Hariom Pipe Industries Ltd's Board of Directors has recommended a final dividend of ₹0.75 per equity share (7.5%) with a face value of ₹10 each for the financial year ended March 31, 2026. The dividend, if declared by the members, will be credited/dispatched within 30 days from the declaration date. The board also approved the reappointment of statutory and internal auditors and the re-designation of Mr. Yash Gupta as Vice President (VP) - Sponge Division as the Senior Management Personnel of the Company.

Hariom Pipe Industries Ltd. has approved audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹0.75 per equity share (7.5%) for FY26. They also approved the re-appointment of M/s. R Kabra & Co, LLP as Statutory Auditors and M/s. Ravi Ladia & Co. as Internal Auditors. Mr. Yash Gupta was re-designated as VP - Sponge Division as Senior Management Personnel.

Hariom Pipe Industries Ltd. has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also recommended a final dividend of ₹0.75 per equity share (7.5%) for FY26, subject to shareholder approval. Additionally, the reappointment of M/s. R Kabra & Co, LLP, as Statutory Auditors and M/s. Ravi Ladia & Co. as Internal Auditors was approved. Mr. Yash Gupta was re-designated as Vice President (VP) - Sponge Division as the Senior Management Personnel of the Company.

Hariom Pipe Industries Ltd's board approved the issuance of warrants convertible into equity shares to promoters on a preferential basis, alteration of the Articles of Association (AOA), and conversion of debt into equity in case of default, all subject to member approval. Up to 15,00,000 warrants will be issued at ₹343 each, aggregating to ₹51.45 Cr. An Extra-Ordinary General Meeting (EGM) is scheduled for June 16, 2026, to approve these proposals. The board meeting concluded on May 21, 2026.