Prince Pipes & Fittings shareholders approved the reappointment of its top three directors and statutory auditors at its 39th Annual General Meeting on September 16, 2026. The resolutions passed with requisite majorities, confirming leadership continuity through August 2029.

The virtual meeting, attended by 61 shareholders (15 promoters, 46 public), also approved a final dividend of Re 1 per share. The company had 185,193 shareholders as on the record date.

Voting Results Overview

All ten ordinary and special resolutions were passed. Voting participation varied significantly across agenda items, with promoter group abstention noted on related-party transactions.

Board Reappointments

Special resolutions reappointed three directors for three years, from August 21, 2026, to August 20, 2029:

• Mr. Jayant S. Chheda: Chairman and Managing Director (99.11% in favour)
• Mr. Parag J. Chheda: Joint Managing Director (97.89% in favour)
• Mr. Vipul J. Chheda: Executive Director (99.77% in favour)

Promoter shares held by interested directors and their family trusts were excluded from the vote count for these resolutions. Public institutional investors voted against Mr. Parag J. Chheda’s reappointment at a rate of 7.57%, compared to 3.85% for Mr. Jayant S. Chheda.

Related-Party Remuneration Dissent

Ordinary resolutions to increase remuneration for Mrs. Heena P. Chheda and Mr. Nihar P. Chheda passed but attracted substantial dissent from public institutions. The promoter group did not vote on these items.

Public non-institutional investors largely supported both measures, with dissent below 1%. In contrast, public institutional investors voted against Mrs. Heena Chheda’s hike at 31.82% and Mr. Nihar Chheda’s at 39.39%.

Meeting Proceedings

Mr. Jayant S. Chheda presided over the meeting. Mr. Parag J. Chheda addressed members on FY26 performance, highlighting the company’s focus on purpose-led growth. M/s. N.A. Shah Associates LLP was reappointed as Statutory Auditors for a second five-year term.

Mr. Sanjay Dholakia served as Scrutinizer. Remote e-voting was open from September 13 to September 15, 2026. The Annual Report for FY26 was sent electronically to registered members, with no adverse remarks from statutory or secretarial auditors.

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.