Hariom Pipe Industries Limited has incorporated Metal Mart Private Limited as a subsidiary company on January 22, 2026, marking a strategic expansion into metal and steel trading operations. The company informed stock exchanges about this development on January 23, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Company Details

Metal Mart Private Limited has been established with specific operational parameters designed to support Hariom Pipe Industries' business expansion strategy.

Shareholding Structure and Investment

Hariom Pipe Industries Limited has acquired a controlling stake in the newly incorporated subsidiary through a strategic investment arrangement.

Strategic Business Rationale

The incorporation of Metal Mart Private Limited represents a calculated expansion of Hariom Pipe Industries' business portfolio. The subsidiary will focus on trading metals and steel allied products, complementing the parent company's existing pipe manufacturing operations. This strategic move aligns with the company's objective to diversify and expand its presence in the broader metal and steel industry ecosystem.

Regulatory Compliance

The company has fulfilled all necessary regulatory requirements for the subsidiary incorporation. The Certificate of Incorporation was issued by the Ministry of Corporate Affairs, Government of India, on January 22, 2026. No additional governmental or regulatory approvals were required for this incorporation, and the transaction was completed without any pending compliance obligations.

Operational Timeline

As a newly incorporated entity, Metal Mart Private Limited is yet to commence its business operations. The company currently has no operational turnover or business history, representing a fresh venture in the metal and steel trading sector. The subsidiary's business activities will be developed in alignment with Hariom Pipe Industries' overall strategic objectives and market opportunities in the metal trading industry.

Hariom Pipe Industries Limited has informed stock exchanges about the resignation of a key senior management personnel, effective January 20, 2026. The company filed the mandatory disclosure under SEBI regulations regarding this organizational change.

Senior Management Departure

Mr. K. Ramesh, who served as General Manager Sales & Marketing for the Tamil Nadu Division, has tendered his resignation from his position as Senior Management Personnel (SMP). The resignation became effective on January 20, 2026, with personal reasons cited as the cause for his departure.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with all applicable regulatory requirements.

The disclosure included detailed information as mandated under Part A of Schedule III of the SEBI LODR Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-I/P/CIR/2023/123 dated July 13, 2023. The company has also made this information available on its official website at www.hariompipes.com .

Formal Documentation

In his resignation letter addressed to the HR Head, Mr. Ramesh expressed gratitude for the opportunities and professional experience gained during his tenure with the company. He acknowledged the support and guidance received from management and colleagues throughout his service period.

The resignation letter highlighted his appreciation for the valuable learning journey and wished the company continued growth and success in the future. Company Secretary & Compliance Officer Rekha Singh signed the regulatory filing, ensuring proper documentation and submission to the exchanges.

Company Operations

Hariom Pipe Industries Limited operates from its registered office in Hyderabad, Telangana, with manufacturing facilities located in Mahabubnagar District. The company maintains its operational continuity while managing this senior management transition in its Tamil Nadu division sales and marketing operations.