Prince Pipes and Fittings Ltd

Prince Pipes and Fittings Ltd has received a Show Cause cum Demand Notice (Form GST DRC-01) dated September 29, 2026, from the Karnataka State Goods & Service Taxes Department. The notice pertains to the financial year 2022-23 and alleges excess outward tax in E-way Bills compared to GSTR3B, excess ITC claimed in GSTR 3B not confirmed in GSTR 2A/2B or GSTR 9, and excess claim of ineligible ITC under Section 17(5). The total demand, including tax and interest, amounts to ₹65,93,632 (₹65.93 Lakhs). The company believes the demand is not maintainable and does not anticipate any significant impact on its financials or operations. A reply will be submitted within the prescribed time limit.

Prince Pipes and Fittings Ltd has received a Show Cause cum Demand Notice from the Rajasthan State Goods & Service Taxes Department for the financial year 2022-23. The notice, issued under Section 73 of the CGST/RGST Act, 2017, pertains to alleged excess outward tax in E-way Bills compared to GSTR3B and excess ITC claimed in GSTR 3B not confirmed in GSTR 2A/2B or GSTR 9. The total demand amounts to ₹2,74,41,122 (₹2.74 Crore), comprising tax, interest, and penalty. The company believes the demand is not maintainable and plans to submit a reply within the prescribed time, anticipating no significant impact on its financials or operations.

Prince Pipes and Fittings Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI regulations and the company's insider trading code. The window will be shut for all designated persons and their immediate relatives starting from October 1, 2026, and will reopen 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to consider these results will be communicated later.

Prince Pipes and Fittings Ltd announced at its 39th AGM that members approved the re-appointment of key management personnel. Mr. Jayant S. Chheda will continue as Chairman and Managing Director, Mr. Parag J. Chheda as Joint Managing Director, and Mr. Vipul J. Chheda as Executive Director, all for a three-year term from August 21, 2026, to August 20, 2029. Additionally, M/s. N.A. Shah Associates LLP was re-appointed as Statutory Auditors for a second five-year term.

Prince Pipes and Fittings Ltd has communicated details regarding Tax Deducted at Source (TDS) on its final dividend for the Financial Year 2025-26. The Board of Directors recommended a dividend of 10% per equity share, amounting to ₹1/- per share, subject to shareholder approval at the upcoming AGM on September 16, 2026. The company will deduct TDS at applicable rates on the dividend, with an exemption for resident individuals whose total dividend income for Tax Year 2026-27 does not exceed ₹10,000. Specific TDS rates and documentation requirements are outlined for various shareholder categories, including residents with and without PAN, and non-residents.

Prince Pipes and Fittings Ltd has announced that the record date for its final dividend for the financial year 2025-26 has been set for Wednesday, September 9, 2026. This date is crucial for determining which shareholders are eligible to receive the dividend. The company also provided details regarding its 39th Annual General Meeting, scheduled for September 16, 2026, with a book closure period from September 10 to September 16, 2026. E-voting will be open from September 13 to September 15, 2026.

Prince Pipes and Fittings Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report, filed as per SEBI regulations, forms an integral part of the company's Annual Report. It details corporate identity, registered and corporate addresses, financial year, stock exchange listings, paid-up capital, and contact information for BRSR queries. The company operates in polymers processing, including CPVC, UPVC, PPR, HDPE pipes and fittings, and LLDPE water storage tanks. Its primary business activity is the manufacturing of plastic products, accounting for 95% of turnover. The report also outlines operational locations, market reach across 28 states and 15 countries, customer types, and employee details, including a breakdown of permanent employees and workers by gender and differently-abled status. Female representation on the Board is 16.67%.

Prince Pipes and Fittings Ltd has announced its 39th Annual General Meeting (AGM) to be held on Wednesday, September 16, 2026, at 11:30 AM IST via Video Conferencing. The company will also share its Annual Report for the fiscal year 2025-26, including audited financial statements for the year ended March 31, 2026. Physical copies of the notice and report will not be sent, with all documents available via email and on the company's website. The cut-off date for voting eligibility is September 9, 2026, with remote e-voting available from September 13 to September 15, 2026.

Prince Pipes and Fittings Ltd announced that Mr. Ajay Kumar has resigned from his position as Chief Human Resource Officer. His resignation is effective from the close of business hours on August 20, 2026. The company cited personal reasons for Mr. Kumar's departure. This change impacts the senior management personnel of the company. The details of the change are in compliance with SEBI Listing Regulations.

Prince Pipes and Fittings Ltd. reported its Unaudited Financial Results for the quarter ended June 30, 2026. The company's revenue from operations grew by 5% year-on-year to INR 609 Cr, despite a 7% de-growth in volumes to 40,729 MT. EBITDA saw a significant surge of 93% YoY to INR 77 Cr, with margins at 13%. Profit After Tax (PAT) grew robustly by 580% YoY to INR 34 Cr, resulting in PAT margins of 6%. The company highlighted focused brand-building initiatives and expressed confidence in long-term growth prospects, supported by investments in manufacturing, product innovation, and an expanding distribution network.