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.

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.