Prince Pipes and Fittings Ltd

Dematerialisation status

• RTA confirmed to depositories that dematerialisation requests were processed (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the previously issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, with depository name registered as owner within timelines.

GST notice details

• Authority: Office of the Deputy Commissioner, Rajasthan GST, Jaipur.
• Action: Show Cause cum Demand Notice under CGST/RGST Act 2017 for FY 2022-23.
• Amount demanded: ₹2,74,41,122 in total.
• Grounds: excess outward tax in e-way bills and ITC not confirmed.
• Timeline: notice dated 29 September 2026; FY 2022-23 period.
• Company view: demand not maintainable; reply to be submitted within prescribed time.

GST Notice details

• Show Cause cum Demand Notice issued by Karnataka GST Department under CGST/KGST Act 2017.
• FY 2022-23 aggregate demand of ₹65,93,632.
• Company believes the demand is not maintainable and will reply within time.
• No anticipated impact on financials, operations or other activities.
• Date of receipt of the direction: September 29, 2026.

Meeting Details

• 28 Sep 2026, 10:00 AM; physical Mumbai meeting with institutional investors.
• Conference: PL Capital Mid & Small Cap Conference 2026; type: one-to-one and group meeting.
• 30 Sep 2026, 11:00 AM; virtual group meeting with institutional investors.
• Conference: Arihant Bharat Connect Conference 2026; mode: virtual.
• No presentation will be shared at the meetings.

Key Updates

• AGM approves three-year re-appointments for Jayant S. Chheda as Chairman & MD (Aug 21, 2026–Aug 20, 2029).
• Parag J. Chheda re-appointed Joint Managing Director for three years (Aug 21, 2026–Aug 20, 2029).
• Vipul J. Chheda re-appointed Executive Director for three years (Aug 21, 2026–Aug 20, 2029).
• M/s. N.A. Shah Associates LLP re-appointed Statutory Auditors for five years (AGM 39–44).

AGM details

• AGM held 16 September 2026 at 11:30 AM via VC/OAVM.
• Record date: 9 September 2026.
• Scrutinizer report dated 17 September 2026.

Dividend and financials

• Final dividend of Re 1 per equity share approved.
• Audited financial statements for year ended 31 March 2026 adopted.

Resolutions and voting outcomes

• R1: Adopt audited financial statements for year ended March 31, 2026; ordinary; passed.
• R2: Final dividend of Re 1 per equity share approved.
• R3: Vipul J. Chheda reappointed as Director in rotation.
• R4: Reappointment of Statutory Auditors M/s N.A. Shah Associates LLP.
• R5: Ratification of remuneration payable to Ketki D Visariya as Cost Auditor for 2026-27.
• R6: Reappoint Jayant S. Chheda as Chairman and Managing Director; special; passed.
• R7: Reappoint Parag J. Chheda as Whole-Time Director; special; passed.
• R8: Re-designate Vipul J. Chheda as Whole-Time Director; special; passed.
• R9: Reappoint Heena P. Chheda and remuneration increase; ordinary; passed.
• R10: Reappoint Nihar P. Chheda and remuneration increase; ordinary; passed.

Auditors

• Statutory Auditor reappointed: M/s N.A. Shah Associates LLP.

Director/remuneration changes

• R3, R6–R8 involve reappointments/designation changes for Chheda family members.
• Remuneration changes approved for Heena P. Chheda and Nihar P. Chheda.

Meeting Details

• Tuesday, 22 September 2026 at 10:00 AM
• Type: one-to-one and group meeting; Mode: Physical, Mumbai
• Conference: Anand Rathi Annual Flagship Conference, G-200 Summit 2026
• Key company participant: CFO
• Purpose: Analyst/Institutional investor interaction
• No presentation will be shared at the meeting
• Meetings may change due to business exigencies

AGM details

• Held via VC/OAVM; duration under an hour.
• Quorum present; remote e-voting window and cut-off date communicated.
• Scrutinizer appointed; voting results to be announced on the website and exchanges.
• Auditors' reports had no qualifications.

Key resolutions

• Adopt audited financial statements and reports.
• Declare final dividend per share.
• Re-appoint director by rotation.
• Re-appoint statutory auditors for second term.
• Ratify cost auditor remuneration for the financial year.
• Re-appoint Chairman and Managing Director for a three-year term.
• Re-appoint Joint Managing Director for a three-year term.
• Re-appoint Executive Director for a three-year term.
• Re-appoint and increase remuneration for related party director.
• Re-appoint and increase remuneration for another related party director.

Key dates

• 39th AGM on 16 September 2026.
• Book closure from 10 September 2026 to 16 September 2026 (inclusive).
• Record date for dividend and e-voting cut-off: 9 September 2026.
• E-voting period: 13 September 2026 to 15 September 2026.