Hariom Pipe Industries Limited has informed the Exchange about change in Management - Re appointment of Cost Auditor for the FY 2025-26
HARIOMPIPE · price
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Hariom Pipe Industries reported strong Q1 FY26 results with standalone revenue from operations rising ~34% YoY to ₹46,006 lakhs (vs ₹34,318 lakhs in Q1 FY25), while net profit grew ~35% YoY to ₹2,361 lakhs (vs ₹1,751 lakhs). EPS stood at ₹7.63 versus ₹5.74 last year. The Board re-appointed M/s. Seshadri & Associates as Cost Auditors for FY 2025-26 and appointed Mr. Ansh Golas (related to promoter Rupesh Kumar Gupta) as a Whole-time/Executive Director for 3 years. The Board also approved raising the overall borrowing limit to ₹2,000 crore (from lower existing levels) and permitted subsidiary Hariom Power and Energy to raise equity from external investors. Additionally, the company has taken a 99-year lease on land, factory, plant and machinery from related party Ultra Pipes effective April 1, 2025.
Strong quarterly earnings and a significantly higher borrowing ceiling signal aggressive growth plans, which is positive for shareholders if executed well. The entry of a promoter-family member (Mr. Ansh Golas) as Executive Director points to succession planning, while the large related-party lease and external investor entry into the subsidiary may attract governance scrutiny from investors.