Prince Pipes and Fittings Limited announced its financial performance for the year ended March 31, 2026, reporting a steady rise in revenue to Rs 25,983.32 million. The company has recommended a final dividend of 10% (Rs 1 per share) for the fiscal year. Furthermore, the board has strengthened its leadership team with key appointments, including a new Company Secretary and Compliance Officer, alongside the reappointment of statutory and cost auditors.
Fiscal Year 2026 Performance Highlights
Prince Pipes and Fittings Limited delivered a strong operational performance for the financial year ended March 31, 2026. The company recorded an annual revenue from operations of Rs 25,983.32 million, compared to Rs 25,239.16 million in the previous year. Profit after tax for the year stood at Rs 731.82 million, reflecting the company’s resilience and growth in a competitive market.
Dividend Declaration
Recognizing the value created for stakeholders, the Board of Directors has recommended a final dividend of Re. 1 per equity share (10%) for the financial year ended March 31, 2026. The dividend, which has a face value of Rs 10 per share, is subject to approval by shareholders at the company’s upcoming Annual General Meeting (AGM). Shareholders can expect the payout within 30 days following the AGM declaration.
Strategic Leadership and Governance Updates
To reinforce its corporate governance, the company has appointed Ms. Jyoti Sancheti as the new Company Secretary and Compliance Officer, effective May 19, 2026. Ms. Sancheti brings over 16 years of experience in secretarial, legal, and insurance functions to her new role as a Key Managerial Personnel.
Appointment of Auditors
The company also finalized its audit appointments for the coming periods. M/s. N. A. Shah Associates LLP has been reappointed as the Statutory Auditors for a second term of 5 consecutive years, spanning from the 39th to the 44th AGM. Additionally, Smt. Ketki D. Visariya has been appointed as the Cost Auditor for the Financial Year 2026-27, ensuring continued oversight of the company’s cost structures and budgetary compliance.
Source: BSE
