Appointment of CA Aman Jain as Internal Auditor for financial year 2025-26 and Mr. Satish Kumar Gupta as Cost auditor for financial year 2025-26.
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Malpani Pipes & Fittings' board met on September 4, 2025, and approved a Sole Distributorship Agreement with China's Yongkang Gaocheng Imp. & Exp. Co. Ltd to sell BST and Gaocheng Pro branded products (agricultural equipment, power tools, garden machinery, construction tools) across India until August 2030. The company will use its existing pipe and fittings dealer network for cross-selling. The board also appointed CA Aman Jain (M. No. 471675) as Internal Auditor and Mr. Satish Kumar Gupta (Membership No. 33541) as Cost Auditor for FY 2025-26. The draft Directors' Report for FY25 was approved, and the 8th AGM was scheduled for September 29, 2025 via video conference.
The Chinese partnership is a meaningful diversification move beyond pipes and fittings into power tools and machinery, which could expand revenue streams if execution succeeds. Auditor appointments are routine annual compliance matters with no material governance concerns. Stock may react to the new business line announcement.