Malpani Pipes & Fittings has appointed Mr. Satish Kumar Gupta as its cost auditor for the financial year 2026-27. The board also approved the draft notice for its 9th annual general meeting (AGM), scheduled to be held on September 29, 2026.

The board meeting took place on September 1, 2026, from 5:00 pm to 5:45 pm. In addition to the cost auditor appointment, the directors approved the draft director’s report for FY25-26 and other reports to be included in the annual report.

Cost Auditor Appointment

Mr. Gupta, a Fellow Member of the Institute of Cost and Works Accountants of India (Membership No. 33541), brings over 16 years of experience in cost and management consultancy. His expertise includes cost audit, SAP implementation, and anti-dumping duty-related costing. He previously served as Secretary and Treasurer of the Indore-Dewas Chapter of Cost Accountants from 2015 to 2017.

AGM Logistics

The company will conduct its 9th AGM via video conference or other audio-visual means (OAVM) at 2:00 pm on September 29, 2026, in compliance with Ministry of Corporate Affairs and SEBI circulars. National Securities Depository Limited (NSDL) has been appointed as the remote e-voting agency.

M/s. Prasad and Partners LLP, formerly known as M/s. Alap & Co. LLP, will serve as the scrutinizer for the e-voting process. The board authorized executive directors and the company secretary to dispatch the AGM notice to shareholders via email. The final notice and annual report will be submitted to the stock exchange once dispatched.

Malpani Pipes and Fittings Limited reported a net profit of ₹902.91 lakh for the financial year ended March 31, 2026, reflecting an 11.9% increase from the prior year. Revenue from operations rose 15.7% to ₹16,303.32 lakh, supported by a 15.7% growth in total income to ₹16,385.06 lakh. The company’s Board of Directors approved the audited financial results for the year and half-year ended March 31, 2026, in a meeting held on May 28, 2026.

Financial Performance

The company’s profit before tax for FY26 stood at ₹1,216.61 lakh, compared to ₹1,088.20 lakh in the previous year. Total expenses for the year increased to ₹15,168.45 lakh from ₹13,086.74 lakh in FY25. Basic earnings per share (EPS) for the year were recorded at ₹8.38, down from ₹9.68 in the corresponding period last year.

For the half-year ended March 31, 2026, the company posted a net profit of ₹514.92 lakh on revenue from operations of ₹9,347.18 lakh. The statutory auditors, M/s. K A R M A & Co. LLP, issued an unmodified opinion on the audited financial results.

Acquisition Approval

The Board approved the acquisition of 100% equity shares of Terex Industries Private Limited for a total consideration of ₹395.70 lakh. The acquisition price of ₹13.19 per share was determined based on a valuation report dated May 27, 2026. This transaction, classified as a related party transaction, is expected to be completed on or before July 31, 2026, and will make Terex Industries a wholly-owned subsidiary.

Balance Sheet and Cash Flows

The company’s total assets stood at ₹12,173.18 lakh as of March 31, 2026, up from ₹11,206.19 lakh a year earlier. Shareholders' equity increased to ₹5,568.36 lakh from ₹4,665.44 lakh. Cash and cash equivalents decreased to ₹20.15 lakh from ₹43.52 lakh in the previous year, primarily due to net cash used in financing and investing activities.