Hariom Pipe Industries holds 19th AGM, adopts FY26 financials
- Hariom Pipe Industries held its 19th AGM on September 30, 2026, via video conferencing
- Members adopted audited financial statements for FY26 with unmodified auditor opinions
- Re-appointment of Rupesh Kumar Gupta as MD and Shailesh Kumar Gupta as JMD approved
- Final dividend declaration for FY26 ratified by shareholders
*this image is generated using AI for illustrative purposes only.
Hariom Pipe Industries Limited held its 19th Annual General Meeting (AGM) on September 30, 2026, at 12:30 pm through Video Conferencing. The meeting saw the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the approval of several key corporate resolutions.
The company confirmed that the statutory auditors issued an unmodified opinion on both standalone and consolidated financial statements. Additionally, the secretarial audit report contained no qualifications or adverse remarks, indicating compliance with regulatory standards during the reporting period.
Key Resolutions Approved
Members voted to approve the following ordinary business items:
- Adoption of audited standalone and consolidated financial statements for FY26.
- Re-appointment of Mrs. Sunita Gupta as a Director liable to retire by rotation.
- Declaration of final dividend on equity shares for FY26.
- Re-appointment of M/s. R Kabra & Co. LLP as Statutory Auditors.
Special business resolutions included:
- Ratification of remuneration payable to Cost Auditors for FY27.
- Re-appointment of Mr. Rupesh Kumar Gupta as Managing Director with revised remuneration.
- Appointment of Mr. Shailesh Kumar Gupta as Joint Managing Director (Executive Director).
- Revision in remuneration for Mr. Ansh Golas, Whole-time Director.
- Approval of remuneration for Mrs. Sunita Gupta as Non-Executive Non-Independent Director.
Governance and Voting Process
The AGM was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual meetings. Remote e-voting was facilitated by Central Depository Services (India) Limited (CDSL), commencing on September 27, 2026, and concluding on September 29, 2026. Voting rights were reckoned based on holdings as of the cut-off date, September 23, 2026.
Mr. Vinod Sakaram of M/s. VSSK & Associates served as the Scrutinizer to ensure a fair and transparent voting process. The consolidated report from the Scrutinizer is scheduled to be submitted to stock exchanges within two working days.
Board Attendance
The following directors participated via video conference:
| Name | Role |
|---|---|
| Pramod Kapoor Kumar | Independent Director & Chairman |
| Rupesh Kumar Gupta | Managing Director |
| Shailesh Kumar Gupta | Joint Managing Director |
| Ansh Golas | Whole-time Director |
| Rajender Reddy Ginkidi | Independent Director |
| Sneha Sankla | Independent Director |
| Soumen Bose | Non-Executive Director |
| Sunita Gupta | Non-Executive Director |
A total of 69 members participated in the meeting through the digital platform. The session concluded at 1:20 pm with a vote of thanks.
Historical Stock Returns for Hariom Pipe Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.52% | -6.96% | -5.64% | +20.79% | -30.67% | +43.87% |
How will the appointment of Mr. Shailesh Kumar Gupta as Joint Managing Director impact Hariom Pipe Industries' strategic direction and operational efficiency in FY27?
What are the expected implications of the revised remuneration structures for the Managing Director and Whole-time Director on the company's operating margins and shareholder returns?
Given the unmodified audit opinions, what specific growth targets or capital expenditure plans were outlined in the FY26 financial statements for the upcoming fiscal year?
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