Prince Pipes And Fittings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2025
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Prince Pipes and Fittings has informed exchanges that its 38th Annual General Meeting (AGM) will be held on Thursday, September 11, 2025, at 11:30 AM via video conferencing. Key items on the agenda include adoption of audited financial statements for FY 2024-25, declaration of a final dividend of Rs. 0.50 per equity share (face value Rs. 10), and re-appointment of Mr. Parag Chheda as director. The notice also seeks shareholder approval to ratify Cost Auditor remuneration of Rs. 3,99,300 for FY 2025-26, re-appoint and give a 5% salary hike to two related-party employees Mrs. Heena Chheda and Mr. Nihar Chheda (currently earning Rs. 11.34 lakh/month each), and appoint M/s Sanjay Dholakia and Associates as Secretarial Auditors for a 5-year term from FY 2025 to FY 2030. Remote e-voting window is September 8-10, 2025, with the cut-off date for voting eligibility being September 4, 2025.
The Rs. 0.50 final dividend signals a modest shareholder return on top of any earlier interim payouts, while the related-party salary increases (around Rs. 13.6 lakh/month post-hike) and the 5-year secretarial auditor appointment are routine governance items requiring shareholder approval. None of the items appear financially material or likely to move the stock price significantly; investors should mainly track the meeting for any management commentary on FY25 results and FY26 outlook.