Prince Pipes & Fittings submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges on August 24, 2026. The standalone report highlights the company’s environmental management systems, workforce safety metrics, and governance disclosures for the financial year ended March 31, 2026.

The filing confirms that the company operates eight manufacturing plants across India, serving markets in 28 states and 15 countries. Exports contributed less than 1% of total turnover. The company reported a turnover of ₹25,983.32 million and a net worth of ₹16,445.09 million for the period.

Workforce and Safety Metrics

The company employed 1,246 permanent employees and 988 permanent workers at the end of FY26. Female representation among employees stood at 4.42%, while the worker category remained entirely male. The overall turnover rate for permanent employees was 21.95%, compared to 20.99% in FY25. For permanent workers, the turnover rate rose to 22.33% from 16.28% in the previous year.

Safety performance remained strong with zero lost-time injuries, fatalities, or high-consequence work-related injuries reported for both employees and workers in FY26. The company conducted health and safety training for 98% of its workers and 35% of its employees.

Environmental Performance

Prince Pipes reported total energy consumption of 352,094,565.19 Joules in FY26, up from 328,737,239 Joules in FY25. Renewable sources accounted for approximately 21% of total energy consumption, supported by an installed solar capacity of 8.4 MWp. Greenhouse gas emissions (Scope 1 and Scope 2) totaled 62,362 metric tonnes of CO2 equivalent, resulting in an emission intensity of 2.12 grams per rupee of turnover, down from 2.35 grams in FY25.

Water withdrawal increased to 153,794.67 kilolitres from 146,194.4 kilolitres in the prior year. The company maintains Zero Liquid Discharge (ZLD) across all operations, reusing treated water for non-potable applications. Total waste generated rose to 19,369.33 metric tonnes, with 18,464 metric tonnes recycled through internal recovery operations.

Governance and Stakeholder Engagement

The company received 179 customer complaints in FY26, primarily related to manufacturing and quality issues, all of which were resolved by year-end. No complaints were recorded regarding sexual harassment, discrimination, or child labour. The board comprises six directors, including one female director. The company did not incur any fines, penalties, or settlements with regulatory authorities during the year.

What the Numbers Show

The divergence between rising energy consumption and declining carbon intensity per rupee suggests improved operational efficiency despite higher production volumes. While total GHG emissions increased by approximately 22% from FY25 levels, the emission intensity fell from 2.35 g/Rs to 2.12 g/Rs, indicating that revenue growth outpaced the increase in environmental impact.

Prince Pipes & Fittings has scheduled its 39th Annual General Meeting (AGM) for Wednesday, September 16, 2026, at 11:30 am. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM). The Board has proposed a final dividend of Re. 1 per equity share of face value ₹10 each for FY26.

Meeting Details

The company announced the date via a regulatory filing on August 24, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members can participate remotely without physical presence. The notice and annual report for FY26 will be dispatched electronically to registered members. The register of members and transfer books will remain closed from September 10, 2026, to September 16, 2026.

E-Voting and Participation

Shareholders can vote remotely via National Securities Depository Limited (NSDL). The cut-off date for voting rights is Wednesday, September 09, 2026. Remote e-voting will be available from Sunday, September 13, 2026, at 9:00 am until Tuesday, September 15, 2026, at 5:00 pm. Voting during the AGM will also be available via e-voting for those who have not voted remotely.

Members holding physical shares should update details with MUFG Intime India Private Limited. Demat holders must ensure email addresses are updated with their Depository Participants.

Agenda Items

The AGM will transact ordinary and special business, including financial adoption, director appointments, and auditor re-appointments.

Ordinary Business

1. Adoption of Financial Statements: Approval of audited financial statements for FY26 along with Board and Auditor reports.
2. Declaration of Dividend: Declaration of final dividend of Re. 1 per equity share for FY26.
3. Appointment of Director: Re-appointment of Mr. Vipul J. Chheda (DIN: 00013234), who retires by rotation.
4. Re-appointment of Statutory Auditors: Re-appointment of M/s. N.A. Shah Associates LLP for a second term of five years (until the conclusion of the 44th AGM). The proposed remuneration for FY27 is ₹48 lakh excluding taxes and out-of-pocket expenses.

Special Business

The following resolutions require shareholder approval:

• Cost Auditor Remuneration: Ratification of remuneration payable to Ms. Ketki D. Visariya as Cost Auditor for FY27. The proposed fee is ₹3,99,300 per annum plus applicable taxes and expenses.
• Re-appointment of Managing Directors: Re-appointment of Mr. Jayant S. Chheda as Chairman and Managing Director, Mr. Parag J. Chheda as Joint Managing Director, and Mr. Vipul J. Chheda as Executive Director. All three will serve for a further period of three years, commencing August 21, 2026, to August 20, 2029.
• Related Party Remuneration: Re-appointment and increase in monthly remuneration for Mrs. Heena P. Chheda (President – Human Resources) to ₹12,50,649 per month, effective October 1, 2026. Similarly, Mr. Nihar P. Chheda (Vice-President – Strategy) will see his monthly remuneration revised to ₹12,50,549 per month, effective October 1, 2026.

What the Numbers Show

The proposed remuneration structure highlights a significant concentration of leadership within the founding family. The three Whole-Time Directors—Jayant S. Chheda, Parag J. Chheda, and Vipul J. Chheda—are all related parties. Additionally, two other key managerial personnel, Mrs. Heena P. Chheda and Mr. Nihar P. Chheda, are also relatives receiving revised compensation packages effective October 2026. This reinforces the family-controlled nature of the company’s strategic and operational decision-making.