Appointment of M/s. BAS & CO., Chartered Accountants as Internal Auditors of the Company for the F.Y. 2026-27
HITECH · price
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Hi-Tech Pipes reported strong FY26 results with consolidated revenue of Rs 420,007 Lacs, up 37% from Rs 306,764 Lacs in FY25. Standalone revenue grew 35% to Rs 344,281 Lacs. PAT on consolidated basis increased 4.4% to Rs 7,616 Lacs while standalone PAT grew marginally by 0.8% to Rs 6,416 Lacs. The Board approved issuance of 90 lakh Fully Convertible Equity Warrants to promoter group entities (Vipul Bansal, AKS Buildcon, Hi-Tech Agrovision) at Rs 100 per warrant, convertible within 18 months. Statutory auditors A.N. Garg & Company issued unmodified (clean) opinion. The company also acquired 100% stake in Sain Software Systems Private Limited on March 31, 2026. Internal auditors M/s BAS & Co. LLP and Cost auditors M/s S. Shekhar & Co. were appointed for FY27.
Strong revenue growth demonstrates robust business momentum, though PAT growth lagged significantly. The warrants issuance to promoters signals their commitment but will dilute equity. Operating cash flow declined sharply to Rs 332 Lacs from Rs 6,983 Lacs in prior year, indicating working capital pressure despite higher profitability.