Prakash Pipes Limited is not required to prepare consolidated financial results for the year ended March 31, 2026, following a certification by its statutory auditors regarding its shareholding in BECIS Solar 3 Private Limited. The company submitted the Independent Auditor's Certificate to the National Stock Exchange of India (NSE) on July 1, 2026, in response to the exchange's query. The certification confirms that the company does not exercise significant influence over the entity, exempting it from the consolidation requirements under Indian Accounting Standards (Ind AS).

The audit firm Chaturvedi & Co. LLP examined the financial statements and the Share Subscription and Shareholders Agreement executed with BECIS. The auditors found that the company's participation in financial and operating policy decisions was restricted, resulting in a loss of significant influence despite holding more than 20% ownership. Consequently, the auditors opined that no associate relationship exists for the preparation of consolidated financial statements.

The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. Chaturvedi & Co. LLP issued an unmodified audit opinion on the financial statements on May 30, 2026. The certificate was issued specifically for submission to the NSE and is not intended for any other purpose.

The management of Prakash Pipes Limited is responsible for compliance with Ind AS and the presentation requirements of Schedule III of the Companies Act, 2013. The company's corporate office is located at Srivan, Bijwasan, New Delhi.

Promoters of Prakash Pipes Limited confirmed that they have not created any encumbrance on their shares during the financial year 2025-26. This disclosure, made to the National Stock Exchange of India Ltd and BSE Ltd, assures investors that the holdings of the promoter group remain unencumbered directly or indirectly for the specified period.

The declaration was submitted by Kanha Agarwal, a promoter of the company, in response to a communication received from the National Stock Exchange on April 6, 2026. The filing was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates such annual disclosures.

The submission included a comprehensive list of the promoter and promoter group entities. The list comprises 41 names, ranging from individuals such as Ved Prakash Agarwal and Vikram Agarwal to corporate entities like Ambrosia Commerce Pvt. Ltd. and Focus Securities & Credits Pvt. Ltd.

The following table details the entities included in the promoter and promoter group list:

The disclosure was formally addressed to the Listing Departments of both exchanges and copied to the Chairperson of the Audit Committee of Prakash Pipes Ltd.