Hariom Pipe Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
HARIOMPIPE · price
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Hariom Pipe Industries reported strong Q1 FY26 results with revenue from operations rising to ₹460.06 crore (from ₹343.18 crore in Q1 FY25, ~34% growth) and net profit increasing to ₹23.61 crore (from ₹17.51 crore, ~35% growth). EPS stood at ₹7.63 versus ₹5.74 a year ago. The Board appointed Mr. Ansh Golas, who has been with the company since 2020 and currently leads operations, as Whole-time/Executive Director for three years. Mr. Golas is related to existing directors Rupesh Kumar Gupta (MD), Sailesh Gupta, and Sunita Gupta. The Board also approved raising the overall borrowing limit to ₹2,000 crore and permitted subsidiary Hariom Power and Energy to raise equity from an external investor. Cost Auditors M/s. Seshadri & Associates were re-appointed for FY25-26.
Strong quarterly earnings beat with revenue and profit both growing over 34% year-on-year, signaling robust business momentum. The induction of a likely promoter-family member as Executive Director suggests continuity of family control, while the higher borrowing ceiling and subsidiary fundraise indicate plans for capacity or growth expansion — generally positive but may also raise leverage concerns.