Appointment of Company Secretary and Compliance Officer
PRINCEPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prince Pipes and Fittings Ltd held its Board meeting on May 19, 2026, approving several items including audited financial results for FY2026. The company reported total income of Rs 26,092.17 million, up 2.8% from the previous year, with profit after tax (excluding exceptional items) of Rs 752.30 million, a strong 74% increase from Rs 431.35 million in FY2025. EPS came in at Rs 6.80 per share. The board recommended a final dividend of Rs 1 per share (10%) for shareholder approval at the AGM. Ms. Jyoti Sancheti was appointed as Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective May 19, 2026. She is a qualified Company Secretary and Law Graduate with over 16 years of experience. M/s. N.A. Shah Associates LLP was reappointed as Statutory Auditors for a second 5-year term, and Smt. Ketki D. Visariya was appointed as Cost Auditor for FY2026-27. An exceptional charge of Rs 20.48 million (net of tax) was recorded due to new labour codes.
The appointment of Ms. Jyoti Sancheti as Company Secretary is a routine governance change and neutral for shareholders. The strong 74% jump in PAT demonstrates operational improvement. The dividend recommendation and clean audit opinion with unmodified results are positive signals for investors.