Prince Pipes & Fittings held its 39th Annual General Meeting on September 16, 2026. The meeting concluded with shareholders approving a final dividend of Re 1 per equity share for FY26 and reappointing key board members.

The virtual meeting commenced at 11:30 am and concluded at 12:20 pm. Sixty-one shareholders attended the proceedings via video conferencing or other audio-visual means. Mr. Jayant S. Chheda, Chairman and Managing Director, presided over the meeting.

Key Resolutions Passed

Shareholders approved ordinary resolutions to adopt the audited financial statements for the fiscal year ended March 31, 2026. The Board declared a final dividend of Re 1 per equity share of face value Rs. 10 each.

The company also appointed Mr. Vipul J. Chheda as a Director in place of his retirement by rotation. M/s. N.A. Shah Associates LLP was reappointed as Statutory Auditors for a second term of five consecutive years.

Board Reappointments

Special resolutions were passed to reappoint the following directors for a period of three years, commencing from August 21, 2026, to August 20, 2029:

Additional ordinary resolutions ratified the remuneration of Ms. Ketki D. Visariya as Cost Auditor for FY27. The meeting also approved the reappointment and increase in remuneration for related parties Mrs. Heena Chheda and Mr. Nihar Chheda.

Meeting Proceedings

Mr. Parag J. Chheda addressed members regarding the company's business and financial performance for FY26. He highlighted the company's continued focus on purpose-led growth.

The Company Secretary confirmed that the Annual Report for FY26, including audited financial statements and reports from the Board and Auditors, had been sent electronically to registered members. No qualifications or adverse remarks were noted in the statutory or secretarial auditor reports.

Mr. Sanjay Dholakia served as the Scrutinizer for the e-voting process. Remote e-voting was available from September 13 to September 15, 2026. Members attending the meeting who had not voted remotely were provided the facility to vote during the session.

Prince Pipes & Fittings has fixed September 9, 2026, as the record date for its final dividend payment and e-voting cut-off. The company also disclosed the tax deduction at source (TDS) process for the payout.

The firm issued a disclosure to the Bombay Stock Exchange and National Stock Exchange on September 4, 2026, detailing the timeline for shareholder participation and tax compliance. This follows an earlier announcement on September 2 regarding the meeting schedule.

Dividend Details

The Board of Directors recommended a final dividend of ₹1 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This dividend is subject to approval by shareholders at the 39th annual general meeting (AGM).

Meeting and Voting Schedule

The 39th annual general meeting will take place on Wednesday, September 16, 2026. Shareholders holding equity shares on the record date are eligible to vote.

E-voting will open on Sunday, September 13, 2026, at 9:00 am and close on Tuesday, September 15, 2026, at 5:00 pm. Investors must ensure their holdings are registered before the cut-off to exercise voting rights.

The book closure period for the purpose of the AGM runs from Thursday, September 10, 2026, to Wednesday, September 16, 2026, both days inclusive. During this window, transfers of shares will not be processed.

TDS Deduction Process

Prince Pipes has communicated the TDS deduction process for the dividend payment under the Income-tax Act, 2025. The company will deduct tax at applicable rates unless specific exemptions apply.

For resident individuals, no TDS will be deducted if the total dividend received during Tax Year 2026-27 does not exceed ₹10,000. Shareholders with valid Permanent Account Numbers (PAN) registered with depositories or the Registrar and Transfer Agent (MUFG Intime India Private Limited) will face a standard TDS rate of 10%.

Shareholders without a valid PAN or with an invalid PAN will have tax deducted at a higher rate of 20%. Resident individuals can claim exemption by submitting Form 121 along with a self-attested PAN copy.

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), will face a TDS rate of 20% or the rate under the Double Taxation Avoidance Agreement (DTAA), whichever is lower. To avail DTAA benefits, non-residents must submit a Tax Residency Certificate, a self-declaration confirming no Permanent Establishment in India, and electronically filed Form 41.

Document Submission Deadline

Shareholders must submit required tax documents by 5:00 pm on Friday, September 11, 2026. Documents can be uploaded via the company’s designated link or emailed to investor@princepipes.com . Physical documents must be sent to the RTA in Mumbai by this deadline. Failure to submit documents may result in higher TDS deductions, though shareholders can claim refunds via their income tax returns.

Jyoti Sancheti, Company Secretary and Compliance Officer of Prince Pipes, signed the intimation. The company manufactures UPVC, CPVC, PPR, and HDPE pipes, fittings, valves, and water tanks.