Prince Pipes And Fittings Declares ₹0.50 Final Dividend at 38th Annual General Meeting
The declaration of a dividend has a direct financial impact on shareholders, while the adoption of financial statements and re-appointments are standard but important corporate governance matters.
The company declared a final dividend, adopted positive financial results for FY2024-25, and received positive remarks from management and shareholders, indicating good performance and shareholder return.
* Prince Pipes And Fittings Limited held its 38th Annual General Meeting (AGM) on Thursday, September 11, 2025, at 11:30 a.m. through Video Conferencing/Other Audio-Visual Means. * During the AGM, the members received, considered, and adopted the Audited Financial Statements for the Financial Year ended March 31, 2025. * A final dividend of ₹0.50 per equity share, with a face value of ₹10/- each, was declared for the Financial Year ended March 31, 2025. * Mr. Parag Chheda (DIN: 00013222) was re-appointed as a Director, retiring by rotation. * Other key resolutions transacted included the ratification of remuneration to the Cost Auditors for FY2025-26, re-appointment and increase in remuneration for Mrs. Heena Chheda and Mr. Nihar Chheda (related parties), and the appointment of Secretarial Auditors for five consecutive financial years. * Chairman Mr. Jayant Chheda and Joint Managing Director Mr. Parag Chheda addressed the members, providing updates on the company's purpose-led growth and the business and financial performance for the financial year 2024-25. * The Company Secretary confirmed that there were no qualifications, observations, adverse comments, or remarks in the statutory auditor's report or secretarial auditor's report.
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Prince Pipes And Fittings Limited filed this with the NSE as a statutory disclosure, categorised under agm-egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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