Hi-Tech Pipes Board Approves FY26 Results, Warrant Issue

Approved Audited Financial Results (Standalone and Consolidated) for Quarter and Financial Year ended March 31, 2026
Recommended issuance of 90,00,000 Fully Convertible Equity Warrants to promoter group at price of ₹100 per warrant
Appointed M/s S. Shekhar & Co. (FRN: 000452) as Cost Auditors for FY 2026-27
Appointed M/s BAS & Co. LLP (FRN: 323347E/E300008) as Internal Auditors for FY 2026-27
Approved draft Postal Ballot Notice for shareholder approval
Fixed Friday, May 22, 2026 as Cut Off date for electronic dispatch of Postal Ballot Notice
Appointed M/s NSP & Associates (FCS No. 9028, COP No. 10937) as Scrutinizer for Postal Ballot voting process

Total Income: ₹420,266.00 lacs
Total Expenses: ₹410,119.29 lacs
Profit Before Tax: ₹10,146.71 lacs
Tax Expenses: ₹2,530.65 lacs (Current Tax: ₹2,022.61 lacs, Deferred Tax: ₹508.05 lacs)
Profit After Tax: ₹7,616.05 lacs
Other Comprehensive Income: ₹41.08 lacs
Total Comprehensive Income: ₹7,658.04 lacs
Basic EPS: ₹3.77 (Face Value Re. 1 per share)
Diluted EPS: ₹3.77
Paid-up Equity Share Capital: ₹2,031.08 lacs

Total Income: ₹148,061.34 lacs
Total Expenses: ₹145,739.09 lacs
Profit Before Tax: ₹2,322.25 lacs
Tax Expenses: ₹562.38 lacs (Current Tax: ₹242.73 lacs, Deferred Tax: ₹319.66 lacs)
Profit After Tax: ₹1,759.87 lacs
Other Comprehensive Income: ₹41.98 lacs
Total Comprehensive Income: ₹1,801.85 lacs
Basic EPS: ₹0.89
Diluted EPS: ₹0.89

Total Income: ₹344,464.34 lacs
Total Expenses: ₹335,890.18 lacs
Profit Before Tax: ₹8,574.15 lacs
Tax Expenses: ₹2,157.94 lacs (Current Tax: ₹1,821.85 lacs, Deferred Tax: ₹336.09 lacs)
Profit After Tax: ₹6,416.21 lacs
Other Comprehensive Income: ₹35.74 lacs
Total Comprehensive Income: ₹6,451.95 lacs
Basic EPS: ₹3.18
Diluted EPS: ₹3.18

Total Income: ₹118,909.24 lacs
Total Expenses: ₹116,770.84 lacs
Profit Before Tax: ₹2,138.40 lacs
Tax Expenses: ₹538.19 lacs (Current Tax: ₹375.79 lacs, Deferred Tax: ₹162.40 lacs)
Profit After Tax: ₹1,600.21 lacs
Other Comprehensive Income: ₹35.74 lacs
Total Comprehensive Income: ₹1,635.95 lacs
Basic EPS: ₹0.81
Diluted EPS: ₹0.81

Quantity: 90,00,000 Fully Convertible Equity Warrants
Issue Price: ₹100 per warrant (including warrant subscription price and exercise price)
Allottees: Promoter Group members
Vipul Bansal: 40,00,000 warrants
AKS Buildcon Pvt. Ltd.: 20,00,000 warrants
Hi-Tech Agrovision Pvt Ltd: 30,00,000 warrants
Conversion Terms: Each warrant convertible into 1 equity share within 18 months from allotment
Payment Terms: 25% payable at subscription, balance 75% payable at conversion
Lapse Condition: If balance payment not received within 18 months, amount paid shall be forfeited

FRN: 000452
Appointment Date: May 28, 2026
Profile: Cost accountancy firm based in New Delhi providing cost audit, compliance, taxation, and business consultancy services

FRN: 323347E/E300008
Appointment Date: May 28, 2026
Profile: Chartered accountancy firm established May 2, 1997, managed by eleven fellow chartered accountants

Auditor: M/s A. N. Garg & Company (FRN: 004616N)
Opinion: Unmodified opinion on both standalone and consolidated financial results
Date of Report: May 28, 2026

Consolidated results include:

Hi-Tech Pipes Limited (Holding Company)
HTL Metal Private Limited (Wholly Owned Subsidiary)
HTL Ispat Private Limited (Wholly Owned Subsidiary)
Hitech Metalex Private Limited (Wholly Owned Subsidiary)
Hitech Global Steels Private Limited (Wholly Owned Subsidiary)
Sain Software Systems Private Limited (Wholly Owned Subsidiary, acquired on March 31, 2026)

Labour Codes implemented from November 21, 2025 with no material financial impact
Single operating segment: Manufacturing of Steel Pipes & CR products
Previous period figures regrouped/reclassified where appropriate