Hariom Pipe Industries Approves Final Dividend & Reappoints Auditors
Hariom Pipe Industries approved FY26 audited results, recommending a final dividend of ₹0.75 per share. M/s. R Kabra & Co, LLP were re-appointed as Statutory Auditors for five years, and M/s. Ravi Ladia & Co. as Internal Auditors for FY27. Mr. Yash Gupta was re-designated as VP - Sponge Division. Standalone net profit for FY26 was ₹75.83 crore.
The dividend recommendation and auditor re-appointments are standard corporate actions. While positive, they do not represent a significant strategic shift or a material change in business operations that would warrant a 'High' impact.
The company announced positive financial results, recommended a final dividend, and re-appointed auditors and key management personnel, indicating stability and progress.
Hariom Pipe Industries Limited announced the outcome of its Board Meeting held on May 22, 2026. The Board approved the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026, with an unmodified audit report. A final dividend of ₹0.75 per equity share (7.5%) for the financial year ended March 31, 2026, was recommended, subject to shareholder approval.
The Board also approved the re-appointment of M/s. R Kabra & Co, LLP as Statutory Auditors for a second term of five years, commencing from the conclusion of the upcoming 19th Annual General Meeting until the 24th Annual General Meeting, pending member approval. Additionally, M/s. Ravi Ladia & Co. were re-appointed as Internal Auditors for the Financial Year 2026-27. Mr. Yash Gupta was re-designated as Vice President (VP) - Sponge Division and recognized as Senior Management Personnel.
The company's financial results for the quarter ended March 31, 2026, showed a net profit of ₹30.18 crore (standalone) and a total income of ₹51.67 crore. For the full financial year ended March 31, 2026, the standalone net profit stood at ₹75.83 crore on a total income of ₹168.01 crore. The company also reported a net profit of ₹75.86 crore for the consolidated financial year ended March 31, 2026.
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