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.

Prince Pipes & Fittings has accepted the resignation of Mr. Ajay Kumar from the position of Chief Human Resource Officer. The company announced that Mr. Kumar will cease to be a Senior Management Personnel effective from the close of business hours on August 20, 2026.

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Resignation Details

Mr. Kumar tendered his resignation owing to personal reasons, as stated in his resignation letter dated July 20, 2026. The company confirmed that he requested relief on August 20, 2026.

The intimation has been uploaded to the investor relations section of the company’s website. Jyoti Sancheti, Company Secretary and Compliance Officer, signed the disclosure.