Venus Pipes & Tubes Ltd commenced operations of its additional 6.1 MW DC solar power unit at Dhaneti, Gujarat, on August 17, 2026. The company informed the National Stock Exchange of India Limited and BSE Limited of the operational start via a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational and Financial Update

The new DC (Direct Current) system represents a significant expansion of the company’s renewable energy infrastructure. Venus Pipes & Tubes has invested approximately ₹22 crore in the unit. Management expects this addition to generate annual power cost savings of approximately ₹6 crore.

With the commissioning of this capacity, the company's total solar power capacity now stands at 7.4 MW DC. The expansion aims to reduce dependence on conventional power sources while supporting long-term objectives of improving energy efficiency and reducing overall power costs.

Management Commentary

Arun Kothari, Managing Director of Venus Pipes & Tubes Ltd, highlighted the strategic importance of the move. He stated that the commencement strengthens the company's renewable energy footprint and improves operational cost efficiency. The initiative reinforces the company's commitment to sustainable manufacturing and increasing the share of renewable energy in its operations.

The disclosure was confirmed by Pavan Kumar Jain, Company Secretary and Compliance Officer of Venus Pipes & Tubes Ltd.

Venus Pipes & Tubes Limited re-appointed Arun Axaykumar Kothari as Chairman and Managing Director for a period of five consecutive years. The appointment, approved by the Board on August 13, 2026, is effective from September 14, 2026, to September 13, 2031, and is liable to retire by rotation.

The Board also renewed the tenure of two promoter-executive wholetime directors and four independent directors for similar five-year terms. All appointments are subject to shareholder approval at the upcoming general meeting.

Executive Leadership Renewal

Alongside the CMD appointment, the Board re-appointed the following executive directors:

• Megharam Sagramji Choudhary: Re-appointed as Wholetime Director from September 14, 2026, to September 13, 2031. He has been associated with the company since its incorporation and holds over 19 years of experience in the stainless-steel welded pipes and tubes industry.
• Dhruv Mahendrakumar Patel: Re-appointed as Wholetime Director for the same period. He has been with the company since 2015 and holds engineering and technology degrees from the University of Pune and CEPT University.

Mr. Kothari, a Chartered Accountant with a commerce degree from Rajasthan University, has been associated with the company as a director since 2021.

Independent Director Appointments

The Board re-appointed four independent directors for a second term of five years, commencing from October 19, 2026, to October 18, 2031. These positions are not liable to retire by rotation.

All appointees confirmed they are not debarred from holding the office of Director by virtue of any SEBI order or other authority. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.