Prakash Pipes Limited has invested ₹1.30 crore in BECIS Solar 3 Private Limited to secure power supply for its operations. The investment was made through a rights issue, resulting in the allotment of 1,30,23,152 fully paid-up equity shares with a face value of ₹1 each on June 9, 2026. This strategic move ensures the company retains a 26% stake in BECIS, complying with the Electricity Rules, 2005.

Investment Details

The company's board approved the acquisition of 26% of BECIS's equity share capital to facilitate the development and construction of a solar power project. The rights issue allotment was executed on June 9, 2026, as per the agreement terms.

Shareholding Structure

Following the allotment, Prakash Pipes Limited's shareholding in BECIS Solar 3 Private Limited remains at 26% of the issued and paid-up equity share capital. This structure aligns with regulatory requirements for captive power consumption.

The intimation was submitted to the BSE Ltd. and National Stock Exchange of India Ltd. on June 10, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Prakash Pipes Limited reported its financial results for the quarter and year ended March 31, 2026, demonstrating growth across key metrics despite industry challenges. The company achieved net sales of ₹223 crore for the quarter, reflecting a 22% increase over the corresponding period of the previous financial year, while profit after tax rose by 31% year-on-year to ₹13 crore. For the full year, net sales reached ₹789 crore and profit after tax stood at ₹43 crore, resulting in an earnings per share (EPS) of ₹18.09.

Q4 and Annual Financial Performance

For the quarter, EBITDA stood at ₹23 crore, a 24% increase compared to the same quarter last year. On an annual basis, the company reported EBITDA of ₹76 crore. The audited financial results were reviewed by the Audit Committee and approved by the Board on May 30, 2026.

Dividend Declaration

The Board of Directors has recommended a final dividend of 24%, or ₹2.40 per equity share of ₹10 each. Combined with the interim dividend of 10%, or ₹1 per share declared earlier, the total dividend for the year aggregates to 34%, equivalent to ₹3.40 per equity share. This marks an increase from the total dividend of ₹2.40 per share paid in the previous financial year.

Operational Updates

The PVC Pipes & Fittings Division faced a challenging year due to raw material price volatility and unseasonal rainfall. Despite this, the division achieved a sales volume of 48,118 MT, registering growth of approximately 13% over the last financial year. The Flexible Packaging Division also performed well, achieving a sales volume of 16,605 MT, a growth of around 7% year-on-year. The division is undertaking a phased capacity expansion plan to enhance installed capacity.