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.

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.