PI Industries Limited has notified the exchanges regarding the loss of a share certificate reported by a shareholder, Rohit Kumar Bindal. The company has stated that the certificate holder has applied for the issuance of a duplicate share certificate. The notification was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company published advertisements in Pratahkal (Hindi Edition) in Udaipur and The Indian Express (English Edition) in Jaipur on June 10, 2026, to inform the public about the loss. The specific share certificate reported lost is Certificate Number 104041, issued against Folio Number R000001559. This certificate represents 2000 equity shares of Re. 1/- each, with distinctive numbers ranging from 135457151 to 135459150.

Details of Lost Share Certificate

Any person with a claim regarding the aforementioned certificate is required to lodge their claim with supporting documents. The claim must be submitted to the company's registered office or its Registrar and Share Transfer Agent, KFin Technologies Limited, at Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana - 500032.

The company has specified that claims must be made within 15 days from the date of the public notice. If no claim is received within this period, PI Industries Limited will proceed to issue the duplicate share certificate to the applicant. Following this issuance, no further claims will be entertained from any person regarding the said certificate.

Pi Industries , a prominent player in the agrochemical sector, continues to draw analyst attention as Citi maintains its Sell rating on the stock with a target price of ₹2,600. The brokerage's stance comes even as key client Kumiai signals an improved near-term business outlook, driven by advanced Axeev shipments and strong fine chemicals sales.

Citi's Rating and Target

Citi has maintained its Sell recommendation on Pi Industries, setting a target price of ₹2,600. The brokerage acknowledges the positive near-term signals emanating from Kumiai but notes that the full-year guidance for the client remains unchanged, tempering the overall optimism.

Kumiai's Improved Near-Term Outlook

The improved outlook from Kumiai is underpinned by two key factors — advanced shipments of Axeev and robust fine chemicals sales. These developments have contributed to flat year-on-year revenues for the February–April 2026 period. The following table summarizes the key details of this update:

Broader Context

Kumiai had earlier raised its H1 2026 profit projections, including a notable 70.50% increase in its operating profit estimate, reflecting a strengthening demand outlook. However, despite this near-term improvement, Citi's unchanged Sell rating and ₹2,600 target price suggest that the brokerage views the full-year picture for Pi Industries as not materially altered by these developments. The flat year-on-year revenues for the February–April 2026 period at Kumiai, while supported by specific product shipments and fine chemicals demand, have not prompted a revision to the client's full-year guidance, which remains a key consideration in Citi's assessment of Pi Industries.