hariom pipe industries has submitted its annual disclosure to the National Stock Exchange of India (NSE) and BSE Limited for the financial year ended March 31, 2026. The submission was made on April 03, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The communication was addressed to the Listing Departments of both exchanges and copied to the company's Audit Committee.

Declaration Regarding Share Encumbrance

In a separate declaration, Rupesh Kumar Gupta, Promoter and Managing Director of the company, confirmed on behalf of the Promoters, Promoter Group, and Persons Acting in Concert (PAC) that no encumbrance was made over the shares held by them, directly or indirectly, at any time during the financial year 2025-26. The declaration was signed and submitted from Hyderabad on April 03, 2026.

Shareholding Details of Promoter Group

The disclosure included a comprehensive list of persons belonging to the Promoter and Promoter Group, detailing the number of shares held by each entity. The data provides a breakdown of the shareholding distribution among key individuals and associated entities.

The filing was digitally signed by Rekha Singh, Company Secretary & Compliance Officer, and the declaration was signed by Rupesh Kumar Gupta. The NSE symbol for the company is HARIOMPIPE, and the BSE Scrip Code is 543517.

Hariom Pipe Industries Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has made an investment of Rs.10,00,00,040/- (Rupees Ten Crore and Forty Only) in its subsidiary, Hariom Power and Energy Private Limited (HPEPL), by subscribing to equity shares through a preferential/private placement basis. The investment was effected following the allotment of equity shares approved by the Board of Directors of HPEPL on May 07, 2026, and has been made in compliance with the applicable provisions of the Companies Act, 2013.

Investment Details at a Glance

The key parameters of this equity subscription, as disclosed under Regulation 30 read with Schedule III of the SEBI LODR Regulations, are summarised below:

About Hariom Power and Energy Private Limited

HPEPL was incorporated on March 19, 2025, and is a subsidiary of Hariom Pipe Industries Limited. The company operates in the Renewable Energy sector and is focused on developing and operating a 60 MW solar power plant project in Maharashtra under a long-term Power Purchase Agreement (PPA). The project is aimed at supporting green manufacturing initiatives in the region. As HPEPL was incorporated in March 2025, historical turnover data for the last three years is not applicable; the consolidated turnover (excluding turnover from Hariom Pipe Industries Limited) for the financial year ended March 31, 2025 (Audited) is NIL.

Related Party Transaction and Arm's Length Basis

The investment has been classified as a related party transaction, given that HPEPL is a subsidiary of Hariom Pipe Industries Limited. The company has confirmed that the transaction was undertaken on an arm's length basis, with equity shares subscribed based on an independent valuation report. The promoters and promoter group are noted to be interested in the transaction only to the extent of their shareholding in HPEPL. No governmental or regulatory approvals were required for this acquisition.

Strategic Rationale

The investment is intended to strengthen the capital base and liquidity position of HPEPL, facilitating the completion of its ongoing renewable energy project. The move aligns with the broader objective of supporting green energy generation through the development of the 60 MW solar power plant in Maharashtra, operating under a long-term Power Purchase Agreement.