Hariom Pipe Industries COO Sanjay Madanlalji Bhansali Resigns Effective August 10, 2026

1 min read     Updated on 11 Aug 2026, 12:11 PM
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Hariom Pipe Industries Limited disclosed the resignation of Sanjay Madanlalji Bhansali as Chief Operations Officer (COO) and Senior Management Personnel, effective from the close of business hours on August 10, 2026. The resignation was attributed to personal reasons, as stated in Bhansali's letter to the company's HR Head. The disclosure was made on August 11, 2026, by Company Secretary and Compliance Officer Rekha Singh, in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

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Hariom Pipe Industries Limited has informed the stock exchanges of the resignation of Sanjay Madanlalji Bhansali from the position of Chief Operations Officer (COO) and Senior Management Personnel (SMP) of the company. The resignation was submitted by Bhansali citing personal reasons, with effect from the close of business hours on August 10, 2026. The intimation was filed by the company's Company Secretary and Compliance Officer, Rekha Singh, on August 11, 2026, in accordance with applicable regulatory requirements.

Regulatory Disclosure

The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The following key details were disclosed as part of the regulatory annexure:

Parameter: Details
Name: Sanjay Madanlalji Bhansali
Designation: Chief Operations Officer (COO) / Senior Management Personnel
Nature of Change: Resignation
Reason: Personal reasons
Effective Date: Close of business hours on August 10, 2026

Resignation Letter Highlights

In his resignation letter dated August 10, 2026, addressed to the HR Head of Hariom Pipe Industries Limited, Bhansali formally tendered his resignation from the position of COO. He expressed gratitude to the management and colleagues for the opportunities, guidance, support, and professional experience extended to him during his tenure. Bhansali described his association with the organisation as a meaningful and enriching journey and extended his best wishes to the company for its continued growth and success.

Company Background

Hariom Pipe Industries Limited is headquartered at 3-4-174/12/2, 'Samarpan', 1st Floor, Near Pillar No. 125, Attapur, Rajendranagar, K.V. Rangareddy, Hyderabad, Telangana – 500048. The company's manufacturing facility is located at Survey No. 39/58/62&63, Sheriguda (V), Balanagar (M), Mahabubnagar Dist, 509202, Telangana. The intimation has also been made available on the company's website at www.hariompipes.com .

Historical Stock Returns for Hariom Pipe Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.31%-2.89%+1.96%+0.86%-21.33%+69.29%

Has Hariom Pipe Industries announced a successor for the COO role, and will the search be internal or external?

How might the departure of a Senior Management Personnel impact the company's operational efficiency during the transition period?

Are there any pending strategic initiatives or projects led by Bhansali that may face delays or require realignment?

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Hariom Pipe Industries subsidiary gets solar project COD

1 min read     Updated on 30 Jul 2026, 10:30 PM
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Hariom Pipe Industries Ltd's subsidiary Hariom Power and Energy Private Limited secured the Project Commissioning Certificate for its 5 MW AC solar plant in Maharashtra. Issued by MSEDCL, the certificate confirms commissioning on July 08, 2026, allowing the start of commercial operations and grid connectivity.

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Hariom Pipe Industries subsidiary Hariom Power and Energy Private Limited has received the Project Commissioning Certificate for its 5 MW AC (6 MW DC) Solar PV Power Project located in Hingoli District, Maharashtra. The certificate, issued by the Superintending Engineer (O&M) of Maharashtra State Electricity Distribution Company Limited (MSEDCL), confirms that the facility was commissioned on July 08, 2026. This regulatory milestone marks the successful completion of the commissioning phase and enables the subsidiary to commence commercial operations in accordance with the applicable regulatory framework.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on July 30, 2026. It serves as a continuation of an earlier disclosure dated July 11, 2026, which reported the successful installation and commencement of power generation from the same asset. The project is situated at Rupur Tanda, Aunda Nagnath Taluka, in the Hingoli District.

Project Details

Parameter Detail
Project Capacity 5 MW AC (6 MW DC)
Location Rupur Tanda, Aunda Nagnath Taluka, Hingoli District, Maharashtra
Commissioning Date July 08, 2026
Grid Operator Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Issuing Authority Superintending Engineer (O&M), MSEDCL

The receipt of the certificate signifies that the infrastructure has been successfully connected to the MSEDCL Grid. Hariom Pipe Industries Limited, through its Company Secretary and Compliance Officer Rekha Singh, submitted the disclosure to both the National Stock Exchange of India Limited and BSE Limited.

What the Numbers Show

The transition from installation to certified commissioning represents a critical operational milestone for Hariom Power and Energy Private Limited. With the Project Commissioning Certificate in hand, the 5 MW AC (6 MW DC) facility moves from a construction and testing phase to a revenue-generating status. This formal recognition by MSEDCL removes regulatory ambiguity regarding the start date for commercial energy sales, allowing the subsidiary to begin realizing returns on the capital deployed in the Hingoli District project.

Historical Stock Returns for Hariom Pipe Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.31%-2.89%+1.96%+0.86%-21.33%+69.29%

How will the revenue from this 5 MW solar project impact Hariom Pipe Industries' overall EBITDA margins in the upcoming fiscal quarters?

Does Hariom Power and Energy have any immediate plans to scale up capacity in Maharashtra or expand into other renewable energy segments beyond this initial commissioning?

What is the current power purchase agreement (PPA) structure with MSEDCL, and how does its pricing compare to prevailing market rates for solar energy in the region?

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1 Year Returns:-21.33%