Hi-Tech Pipes Limited has informed the Exchange regarding Appointment of Ms S. Shekhar & Co., Cost Accountants as Cost Auditors of the company w.e.f. May 28, 2026.
HITECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hi-Tech Pipes Limited reported strong FY26 results with consolidated revenue of Rs. 42,001 Crores, up 37% from Rs. 30,676 Crores in FY25. Net profit grew to Rs. 761.6 Crores from Rs. 729.5 Crores. The Board approved issuance of 90 lakh Fully Convertible Equity Warrants at Rs. 100 each to promoter group entities (Vipul Bansal, AKS Buildcon Pvt. Ltd., and Hi-Tech Agrovision Pvt. Ltd.), subject to shareholder approval via postal ballot. The warrants are convertible within 18 months with 25% payable upfront. Cost auditors M/s S. Shekhar & Co. and internal auditors M/s BAS & Co. LLP were appointed for FY26-27. The company also acquired 100% stake in Sain Software Systems Private Limited on March 31, 2026.
The warrants issuance to promoters increases their stake, which may dilute other shareholders' equity. Strong revenue growth but slight decline in EPS indicates margin pressure. Positive signal from auditors issuing unmodified opinion on financials.