Prince Pipes and Fittings Limited has announced the re-appointment of its Chairman and Managing Director, Mr. Jayant S. Chheda, and Whole Time Director, Mr. Parag J. Chheda, for a further term of three years. The company has also re-appointed M/s. N.A. Shah Associates LLP. as its Statutory Auditors for a second term of five years, ensuring continuity in leadership and audit functions.
Leadership Continuity Ensured
Prince Pipes and Fittings Limited has successfully secured the approval of its members for the re-appointment of key managerial personnel and statutory auditors. This decision, made during the company’s 39th Annual General Meeting (AGM) held on September 16, 2026, underscores a commitment to stability and ongoing strategic direction.
Management Re-appointments
The members approved the re-appointment of Mr. Jayant S. Chheda (DIN: 00013206) as the Chairman and Managing Director. His tenure has been extended for a period of three years, commencing from August 21, 2026, and concluding on August 20, 2029. Mr. Jayant S. Chheda, who has been instrumental in the company’s growth for over five decades, was recognized with the ‘Lifetime Achievement Award’ in 2014.
Further reinforcing the management team, Mr. Parag J. Chheda (DIN: 00013222) has been re-appointed as a Whole Time Director, designated as Joint Managing Director. His new term also spans three years, from August 21, 2026, to August 20, 2029. Mr. Parag J. Chheda brings over 32 years of industry experience and was awarded the ‘Inspiring Business Leader Award’ in 2016.
Additionally, Mr. Vipul J. Chheda (DIN: 00013234) has been re-appointed as a Whole Time Director, holding the designation of Executive Director. His term, effective from August 21, 2026, to August 20, 2029, will build upon his extensive expertise in project sales and business development within the piping industry for nearly three decades.
Auditor Re-appointment
In a significant decision for corporate governance, the company’s members have re-appointed M/s. N.A. Shah Associates LLP. as the Statutory Auditors. This re-appointment marks the commencement of their second term, which will extend for five consecutive years, from the conclusion of the 39th AGM until the conclusion of the 44th Annual General Meeting of the Company. M/s. N.A. Shah Associates LLP. is a reputable firm of Chartered Accountants with a valid peer review certificate.
Director Relationships
It is noted that Mr. Jayant S. Chheda is the father of Mr. Parag J. Chheda and Mr. Vipul J. Chheda. All re-appointed directors have confirmed they are not debarred from holding such office by any SEBI order or other authority.
Source: BSE
