PRINCEPIPENSEPrince Pipes And Fittings LimitedMediumNeutral
Announced Tue, 19 May · 18:04 IST

Prince Pipes And Fittings Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

PRINCEPIPE · price

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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹271.00
prior close
₹272.50
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AI summary

Prince Pipes reported audited standalone financial results for FY26 with total income of Rs 26,092.17 million (up 2.8% YoY) and profit after tax of Rs 731.82 million, boosted by exceptional items of Rs 20.48 million related to new labour code provisions. Revenue from operations stood at Rs 25,983.32 million compared to Rs 25,239.16 million in the previous year. The Board recommended a final dividend of Rs 1 per equity share (10% on face value of Rs 10), subject to shareholder approval at the ensuing AGM. Ms. Jyoti Sancheti was appointed as Company Secretary and Compliance Officer (KMP) effective May 19, 2026. The company reappointed M/s. N. A. Shah Associates LLP as Statutory Auditors for a second 5-year term and appointed Smt. Ketki D. Visariya as Cost Auditor for FY27.

Likely market impact

Strong financial performance with PAT growth of ~70% YoY (excluding exceptional items) and cash position improving to Rs 1,283 million reflects operational resilience. The auditor reappointment signals continuity in governance.