Prince Pipes 39th AGM Approves Dividend and Director Reappointments

Meeting Details

Type of Meeting: 39th Annual General Meeting (AGM)
Date: Wednesday, September 16, 2026
Time of Commencement: 11:30 AM
Time of Conclusion: 12:20 PM
Location: Held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Chairman: Mr. Jayant S. Chheda
Number of Shareholders Attended: 61

Attendees

Directors and Management in Attendance:

Mr. Parag J. Chheda, Joint Managing Director (Corporate Office, Mumbai)
Mr. Vipul J. Chheda, Executive Director (Corporate Office, Mumbai)
Mr. Rajendra Gogri, Independent Director (Mumbai)
Mrs. Amisha Vora, Independent Director (Mumbai)
Mr. Ankur Bansal, Independent Director (Mumbai)
Mr. Anand Gupta, Chief Financial Officer (Corporate Office, Mumbai)
Ms. Jyoti Sancheti, Company Secretary & Compliance Officer (Corporate Office, Mumbai)
Other Representatives and Senior Management Personnel

Auditors in Attendance:

Mr. Milan Mody, Partner, N.A. Shah Associates LLP, Chartered Accountants (Statutory Auditors) (Mumbai)
Mr. Sanjay Dholakia, Proprietor of Sanjay Dholakia and Associates (Secretarial Auditors) (Mumbai)

Summary of Proposed Resolutions

The following ten resolutions, as set out in the notice of the AGM, were transacted:

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon. (Ordinary Resolution)

2. To declare a final dividend of Re. 1/- (Rupee One) per equity share of face value Rs. 10/- each for the Financial Year ended March 31, 2026. (Ordinary Resolution)

3. To appoint a Director in place of Mr. Vipul J. Chheda (DIN: 00013234), who retires by rotation and, being eligible, offers himself for re-appointment. (Ordinary Resolution)

4. Re-appointment of M/s. N.A. Shah Associates LLP, Chartered Accountants as Statutory Auditors of the Company for the second term of 5 (five) consecutive years. (Ordinary Resolution)

Special Business:

5. Ratification of remuneration payable to Ms. Ketki D. Visariya as the Cost Auditor of the Company for the financial year 2026-2027. (Ordinary Resolution)

6. Re-appointment of Mr. Jayant S. Chheda (DIN: 00013206) as the Chairman and Managing Director for a period of three (3) years from August 21, 2026, to August 20, 2029. (Special Resolution)

7. Re-appointment of Mr. Parag J. Chheda (DIN: 00013222) as Joint Managing Director for a period of three (3) years from August 21, 2026, to August 20, 2029. (Special Resolution)

8. Re-appointment of Mr. Vipul J. Chheda (DIN: 00013234) as an Executive Director for a period of three (3) years from August 21, 2026, to August 20, 2029. (Special Resolution)

9. Reappointment and increase in the remuneration payable to Mrs. Heena Chheda, a related party, holding an office or place of profit in the Company. (Ordinary Resolution)

10. Reappointment and increase in the remuneration payable to Mr. Nihar Chheda, a related party, holding an office or place of profit in the Company. (Ordinary Resolution)

Voting Process and Methods

The meeting was conducted in compliance with circulars from the Ministry of Corporate Affairs and SEBI LODR.
The Company provided a remote e-voting facility (EVEN: 141103) for all members holding shares as of the cut-off date, September 09, 2026.
The remote e-voting period commenced at 9:00 AM IST on Sunday, September 13, 2026, and concluded at 5:00 PM IST on Tuesday, September 15, 2026.
Members attending the meeting who had not voted remotely were informed they could vote during the meeting.

Scrutinizer's Role

The Board of Directors appointed Mr. Sanjay Dholakia, Proprietor of M/s. Sanjay Dholakia and Associates, Practicing Company Secretary, as the Scrutinizer for the meeting.
It was announced that the combined results of the remote e-voting and the e-voting conducted during the AGM would be based on the Scrutinizer's report.
These results were to be announced, displayed on the company's website, and submitted to the stock exchanges as required by SEBI Listing Regulations.

Note: The specific voting outcomes (total votes, percentages for/against, category-wise breakdown) are not provided in the source document.

Other Procedural Information

The Company Secretary confirmed the Annual Report for FY 2025-26, including the notice, audited financial statements, and reports, had been sent electronically to registered members and was available on the company website.
It was noted that there were no qualifications, observations, or adverse remarks in the Statutory Auditor's report or the Secretarial Auditor's report; both reports were taken as read.
The statutory registers (directors, key managerial personnel shareholding, contracts with interested directors) were made available for inspection during the AGM.
A speech was delivered by Mr. Parag J. Chheda, Joint Managing Director, updating members on the business and financial performance for FY 2025-26.
A question-and-answer session was held where shareholders sought clarifications on financial and operational performance, dividend, new product development, profit margins, and market share. These were addressed by the Joint Managing Director and CFO.

Compliance Confirmation

The proceedings confirm the meeting was conducted in accordance with the applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.