Prakash pipes Limited has disclosed a substantial acquisition of shares by its promoter Ved Prakash Agarwal under SEBI regulations. The promoter purchased 22,000 equity shares from the open market on the National Stock Exchange on March 23, 2026.

Transaction Details

The share acquisition was conducted through open market purchase on NSE, with the transaction completing on March 23, 2026. This purchase represents 0.092% of the company's total share capital and voting rights.

Shareholding Pattern Changes

The acquisition has resulted in an increase in Ved Prakash Agarwal's shareholding in the company. His total holding has moved from 4,548,083 shares to 4,570,083 shares, representing an increase in his ownership percentage.

Company Share Capital Structure

The company's equity share capital structure remains unchanged following this transaction. The total equity share capital stands at Rs. 239,183,540, consisting of 23,918,354 equity shares with a face value of Rs. 10 each.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter has no encumbrances, warrants, convertible securities, or other instruments that would entitle him to additional voting rights in the company. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

Prakash pipes Limited has announced the repayment of a ₹75 crore loan by its promoter group entity, Prakash Industries Limited. The company informed stock exchanges BSE and NSE about this significant financial development through a regulatory filing dated February 18, 2026.

Transaction Details

The loan repayment transaction encompasses the following key aspects:

Regulatory Compliance

The company has maintained full compliance with regulatory requirements throughout the loan process. When the original loan was granted, Prakash Pipes Limited obtained all necessary approvals from the Audit Committee and Board of Directors, as mandated under Regulation 23 of SEBI (LODR) Regulations, 2015.

The repayment notification was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Corporate Structure

Prakash Industries Limited operates as a promoter group entity and related party of Prakash Pipes Limited. The arm's length nature of the transaction demonstrates adherence to corporate governance standards and regulatory frameworks governing related party transactions.

Company Information

Prakash Pipes Limited, incorporated with CIN L25209PB2017PLC046660, operates from its corporate office in Srivan, Bijwasan, New Delhi. The company trades on stock exchanges with BSE company code 542684 and NSE symbol PPL. The announcement was signed by Company Secretary Jagdish Chandra and digitally authenticated on February 18, 2026.