Prakash pipes Limited has announced the repayment of a ₹75 crore loan by its promoter group entity, Prakash Industries Limited. The company informed stock exchanges BSE and NSE about this significant financial development through a regulatory filing dated February 18, 2026.

Transaction Details

The loan repayment transaction encompasses the following key aspects:

Regulatory Compliance

The company has maintained full compliance with regulatory requirements throughout the loan process. When the original loan was granted, Prakash Pipes Limited obtained all necessary approvals from the Audit Committee and Board of Directors, as mandated under Regulation 23 of SEBI (LODR) Regulations, 2015.

The repayment notification was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Corporate Structure

Prakash Industries Limited operates as a promoter group entity and related party of Prakash Pipes Limited. The arm's length nature of the transaction demonstrates adherence to corporate governance standards and regulatory frameworks governing related party transactions.

Company Information

Prakash Pipes Limited, incorporated with CIN L25209PB2017PLC046660, operates from its corporate office in Srivan, Bijwasan, New Delhi. The company trades on stock exchanges with BSE company code 542684 and NSE symbol PPL. The announcement was signed by Company Secretary Jagdish Chandra and digitally authenticated on February 18, 2026.

Prakash Pipes Limited reported mixed results for the quarter ended December 31, 2025, with declining profitability despite volume growth across both business segments. The company announced its financial results through an official press release under Regulation 30, showing net profit fell significantly while operational volumes demonstrated positive momentum.

Financial Performance Overview

The company's financial performance showed considerable pressure during Q3 FY26, with profitability declining across key metrics despite maintaining operational scale. According to the official press release, the company achieved net sales of ₹181 crores with EBITDA of ₹18 crores for the quarter.

Nine Months Performance

The nine-month period reflected similar challenges, with both revenue and profitability under pressure compared to the previous year. The company reported EBITDA of ₹52 crores for the nine-month period.

Segment-wise Performance

Both business divisions demonstrated volume growth despite revenue challenges, indicating pricing pressures in the market.

PVC Pipes & Fittings Division: During the quarter, the division achieved sales volume of 11,068 MT against 10,547 MT in the corresponding quarter of the previous year, showing growth momentum despite market challenges.

Flexible Packaging Division: The division achieved sales volume of 4,329 MT against 4,015 MT in the corresponding quarter of the previous year, demonstrating consistent growth in volumes.

Management Outlook

The company noted that PVC pipe business growth is returning to normalcy as the continuous downward trend in PVC resin prices has been arrested. Management expects good monsoon conditions and favorable economic factors in housing, agriculture, and infrastructure to drive strong demand in upcoming quarters. The flexible packaging division continues expanding its product range, increasing capacities, and offering customized solutions to customers.