Venus Pipes & Tubes Ltd

Venus Pipes & Tubes Ltd has announced an Extraordinary General Meeting (EGM) scheduled for October 8, 2026, to approve a preferential issue of up to 22,27,544 equity shares. The issue price is set at ₹1,670 per share, aggregating to ₹371.99 crore. The funds will be raised for cash consideration and will be allotted to non-promoter/public investors including ASHOKA WHITEOAK ICAV funds, INDIA ACORN FUND LTD, and KITARA PIIN 2401. The EGM will be conducted via video conference.

Venus Pipes & Tubes Ltd's Board of Directors has approved a preferential issue of up to 22,27,544 equity shares at ₹1670 per share, aggregating ₹371.99 crore. This issuance is subject to shareholder and regulatory approvals. The company will hold an Extraordinary General Meeting (EGM) on October 8, 2026, to seek shareholder consent for this fundraise. Inga Ventures Private Limited is acting as the advisor for this transaction. The board also appointed a scrutinizer for the e-voting process.

Venus Pipes & Tubes Ltd announced that its Board of Directors has approved a preferential issue of up to 22,27,544 equity shares at Rs. 1670 per share, aggregating Rs. 371.99 Crores. This move is subject to shareholder and regulatory approvals. The company will hold an Extraordinary General Meeting (EGM) on October 8, 2026, to seek shareholder consent for this issuance. Inga Ventures Private Limited is acting as the advisor for this transaction. The record date for determining voting eligibility is October 1, 2026.

Venus Pipes & Tubes Ltd's Board of Directors has approved a preferential issue of up to 22,27,544 equity shares at ₹1670 per share, aggregating ₹371.99 crore. This issuance is subject to shareholder and regulatory approvals. The company has also scheduled an Extraordinary General Meeting (EGM) for October 8, 2026, to seek shareholder consent for this preferential issue. The board has appointed a scrutinizer for the e-voting process. Inga Ventures Private Limited is acting as the advisor for this transaction.

Venus Pipes & Tubes Ltd announced the re-appointment of key directors following its 12th Annual General Meeting held on September 11, 2026. Mr. Arun Axaykumar Kothari has been re-appointed as Chairman and Managing Director, and Mr. Megharam Sagramji Choudhary and Mr. Dhruv Mahendrakumar Patel as Wholetime Directors, all for a further period of five years from September 14, 2026, to September 13, 2031. Additionally, four Independent Directors, Mr. Kailash Nath Bhandari, Mr. Shyam Agrawal, Mr. Pranay Ashok Surana, and Mrs. Komal Lokesh Khadaria, have been re-appointed for their second terms of five years, commencing October 19, 2026, up to October 18, 2031. These re-appointments ensure continuity in leadership and strategic direction for the company.

Venus Pipes & Tubes Ltd announced that its Board of Directors will convene on September 16, 2026, to deliberate on fund-raising options. These options include issuing Equity Shares via Preferential Issue, Private Placement, or a combination thereof, subject to regulatory and shareholder approvals. The meeting will also address convening an Extra Ordinary General Meeting (EGM) if required. Concurrently, the company will close its trading window for designated persons from September 10, 2026, until 48 hours after the board meeting's outcome is declared, in compliance with SEBI's Insider Trading Regulations.

Venus Pipes & Tubes Ltd announced that its Board of Directors will convene on September 16, 2026, to consider and approve fund raising through equity shares via preferential issue, private placement, or a combination thereof. The board will also discuss related matters, including the potential convening of an extraordinary general meeting to seek shareholder approval. Concurrently, the company will close its trading window for designated persons from September 10, 2026, until 48 hours after the board meeting's outcome is declared, in compliance with SEBI's insider trading regulations.

Venus Pipes & Tubes Ltd has announced its 12th Annual General Meeting (AGM) scheduled for September 11, 2026, at 4:00 PM IST, to be held via Video Conference (VC) / Other Audio-Visual Means (OAVM). The company has dispatched letters to members without registered email addresses, providing web links to access the Notice of the AGM and the Annual Report for FY 2025-26. Key dates include a cut-off/record date of September 4, 2026, for final dividend and voting rights, with remote e-voting commencing on September 7 and ending on September 10, 2026. Physical copies of the Annual Report will not be dispatched unless specifically requested, encouraging paperless communication.

Venus Pipes & Tubes Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-2026, as required by SEBI regulations. The report details the company's operations, employee welfare, CSR activities, and adherence to sustainability principles. Key disclosures include its CIN, registered and corporate addresses, contact information for BRSR queries, and a reporting boundary on a standalone basis. The report highlights that 94% of its turnover comes from SS Welded Pipe and SS Seamless Pipe manufacturing, with these products accounting for 36% and 58% of turnover respectively. The company serves global markets, with a significant export network.

Venus Pipes & Tubes Ltd has announced its 12th Annual General Meeting (AGM) scheduled for September 11, 2026, to be conducted via Video Conference (VC) / Other Audio-Visual Means (OAVM). The company also released its 12th Annual Report for the Financial Year ended March 31, 2026. The report highlights a 'best-ever performance' despite a challenging operating environment, with a strategic focus on advancing value and accelerating leadership in specialized, high-value sectors like nuclear, power, defence, and data centres. The company aims to build a stronger, future-ready business by deepening customer confidence and strengthening its brand.