Hariom Pipe Industries Limited has announced the board approval for incorporating a new subsidiary venture aimed at expanding its presence in the metal trading sector. The company's board of directors, in their meeting held on January 07, 2026, approved the formation of Metal Mart Private Limited, which will focus specifically on metal and steel trading operations.

Board Meeting Outcome

The board meeting was conducted on January 07, 2026, commencing at 12:30 pm (IST) and concluding at 02:20 pm (IST). The decision was made pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, with formal notifications sent to both NSE and BSE.

Subsidiary Formation Details

The strategic initiative involves the creation of Metal Mart Private Limited, a dedicated trading entity that will operate under the Hariom Pipe Industries umbrella. The new subsidiary has been specifically designed to handle metal and steel allied products trading activities, representing a diversification of the company's business operations beyond its core pipe manufacturing segment.

Strategic Rationale and Structure

Hariom Pipe Industries Limited will acquire a controlling 70.00% stake in Metal Mart Private Limited through subscription to the initial share capital at face value during incorporation. This majority stake position will allow the parent company to maintain strategic direction over the subsidiary's operations and business decisions. The incorporation aligns with the company's strategic goal of expanding its existing business operations.

Regulatory Compliance and Timeline

The subsidiary formation is subject to compliance with applicable provisions of laws and requisite approvals from the Ministry of Corporate Affairs for the proposed company name. The incorporation process is expected to be completed within 10 to 20 days, subject to regulatory approvals. All transactions with the proposed subsidiary will be conducted on an arm's length basis, as it will fall under the related party category post-incorporation.

The formation of Metal Mart Private Limited represents Hariom Pipe Industries' strategic expansion into the metal trading business, potentially creating new revenue streams and strengthening its position within the broader steel and metal industry ecosystem.

Hariom Pipe Industries Limited has announced a key leadership appointment, naming Mr. Ramavtar Sharma as Vice President - Sales and Marketing effective January 01, 2026. The appointment was approved by the Board of Directors through a Circular Resolution dated December 30, 2025, following the recommendation of the Nomination and Remuneration Committee.

Leadership Appointment Details

The company has disclosed the appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sharma will be part of the Senior Management Personnel (SMP) of the company and will serve in a full-time employment capacity.

Professional Background and Expertise

Mr. Ramavtar Sharma brings extensive industry experience to his new role. He is a seasoned professional with over 30 years of experience, including 25 years specifically in the steel industry. His career has been marked by senior leadership roles at reputed organizations, where he has managed regional and OEM businesses across India.

Core Competencies

Mr. Sharma's expertise encompasses several critical business areas:

• Business Development
• Sales & Marketing
• OEM and MSME sales
• Channel management
• Customer Relationship Management (CRM)
• Demand forecasting
• Distribution network development

Educational Qualifications

Mr. Sharma holds strong academic credentials that complement his professional experience:

Regulatory Compliance

The appointment has been made in compliance with SEBI regulations, specifically under Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023. The company has fulfilled all disclosure requirements and made the information available on its website at https://www.hariompipes.com/ .

This strategic appointment reflects the company's focus on strengthening its sales and marketing capabilities under experienced leadership as it continues to operate in the steel industry sector.