Recommendation for re-appointment of M/s. R Kabra & Co, LLP as a Statutory auditors, Approved Re- appointment of M/s. Ravi Ladia & Co, as Internal Auditor and re- designation of Individual ....
HARIOMPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hariom Pipe Industries reported strong FY2026 results with standalone revenue from operations growing 22.8% to Rs. 16,669.54 lakhs from Rs. 13,570.49 lakhs in FY2025. Net profit after tax increased 22.9% to Rs. 758.28 lakhs from Rs. 617.26 lakhs. The Board recommended a final dividend of Rs. 0.75 per equity share (7.5%). Statutory auditors R Kabra & Co, LLP were re-appointed for a second 5-year term. An Emphasis of Matter was raised regarding a temporary closure notice from Tamil Nadu Pollution Control Board for the Perundurai plant (April 2026), with impact yet unascertained. The company has mitigating operations at its Telangana unit. A new subsidiary, Metal Mart Private Limited (70% stake), was incorporated for metal trading activities.
Strong revenue and profit growth demonstrate operational strength, though the Tamil Nadu plant closure notice raises environmental compliance concerns that could affect near-term production. Dividend declaration signals management confidence. The auditor re-appointment maintains audit continuity.