Prakash Pipes Limited (PPL), a leading player in the pipes industry, has announced a significant update for its shareholders. The company has set September 16, 2025, as the record date for determining shareholder eligibility for the dividend payment for the financial year 2024-25.

Key Details

• Record Date: September 16, 2025 (Tuesday)
• Financial Year: 2024-25
• Purpose: Determining shareholder eligibility for dividend payment
• Annual General Meeting (AGM) Date: September 30, 2025

Dividend Approval Process

The dividend payment is subject to approval by the company's members at the upcoming Annual General Meeting scheduled for September 30, 2025. This step ensures that shareholders have a say in the company's dividend distribution decision.

Stock Exchange Information

Prakash Pipes Limited has duly informed the stock exchanges about this development.

Regulatory Compliance

The company's announcement is in line with Regulation 42 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This regulation mandates listed entities to provide timely information about record dates for corporate actions such as dividend payments.

Investor Implications

Shareholders of Prakash Pipes Limited should take note of the September 16, 2025 record date. Those holding shares of the company as of this date will be eligible for the dividend, subject to its declaration at the AGM.

The announcement of a record date for dividend consideration often signals the company's intent to share its profits with shareholders, which can be seen as a positive indicator of the company's financial health and shareholder-friendly approach.

Investors and stakeholders are advised to keep an eye on the upcoming Annual General Meeting on September 30, 2025, where the final decision on the dividend will be made.

Prakash Pipes Limited (PPL) has announced strong financial results for the third quarter and nine months ended December 31, 2023, showcasing significant growth across key metrics.

Q3 FY2024 Highlights

• Net sales reached Rs. 158.00 crores
• Operating profit surged 43% to Rs. 30.00 crores, compared to Rs. 21.00 crores in Q3 FY2023
• Profit after tax (PAT) witnessed a remarkable 72% growth, rising to Rs. 23.00 crores from Rs. 13.00 crores in the corresponding quarter

Nine-Month Performance

• Net sales for the nine-month period stood at Rs. 505.00 crores
• Operating profit increased by 20% to Rs. 77.00 crores, up from Rs. 64.00 crores in the previous year
• PAT grew by 25% to Rs. 64.00 crores, compared to Rs. 51.00 crores in the same period last year

Divisional Performance

PVC Pipes & Fittings Division

• Achieved sales volume of 31,861 MT during the nine-month period
• Registered a robust 10% growth, driven by strong market demand

Flexible Packaging Division

• Recorded sales volume of 9,134 MT for the nine-month period
• Successfully added new domestic and international customers
• Actively exploring export opportunities to expand market reach

The company's impressive financial performance reflects its strong market position and effective growth strategies in both the PVC Pipes & Fittings and Flexible Packaging segments.

Corporate Update

In a separate development, Prakash Pipes Limited recently received approval from the National Stock Exchange of India Limited and BSE Limited for the reclassification of Aircon Systems (India) Private Limited from the "Promoter Group" category to the "Public Group" category. This reclassification, approved on September 4, 2023, is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The reclassification does not affect the company's shareholding structure, with promoter holding remaining at 44.41% and public holding at 55.59%. This move is part of the company's ongoing efforts to maintain transparency and comply with regulatory requirements.

Prakash Pipes Limited continues to demonstrate strong financial performance and commitment to corporate governance, positioning itself for sustained growth in the pipes and packaging industry.