Hi-Tech Pipes Clarifies Preferential Warrant Holdings Error

Key Quantitative Figures

• Preferential issue of 90,00,000 (Ninety Lakhs) Fully Convertible Equity Warrants to promoter group category
• Aks Buildcon Private Limited allocation: 30,00,000 warrants
• Hi-tech Agrovision Private Limited allocation: 30,00,000 warrants

Error Correction Details

The company identified that in Point E of the Explanatory Statement of the Notice of Postal Ballot dated May 28, 2026, the percentage of post-issue offer capital of proposed allottees Aks Buildcon Private Limited and Hi-tech Agrovision Private Limited were inadvertently interchanged due to a clerical error.

Corrected Post-Preferential Holdings

Aks Buildcon Private Limited:

• Current holding: 85,20,000 shares (4.19%)
• Post full conversion: 1,25,20,000 shares (5.90%)

Hi-tech Agrovision Private Limited:

• Current holding: 81,60,000 shares (4.02%)
• Post full conversion: 1,11,60,000 shares (5.26%)

Validation of Correct Calculations

The company confirmed that Point Q of the Explanatory Statement correctly calculated the post-preferential holdings assuming full conversion, and these calculations remain accurate.

Impact Assessment

The disclosure confirms that apart from the corrected Point E of the Explanatory Statement, there is no change in any other information provided in the original Notice or Corrigendum. The error was purely clerical and does not affect the substance of the preferential issue proposal.