Prince Pipes and Fittings Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company also reported two key changes in its senior management: the appointment of Mr. Rajat Mishra as Chief Business Officer, effective November 03, 2026, and the upcoming retirement of Mr. Ashok Mehra, President – Chief Marketing Officer, on November 16, 2026. Additionally, the board approved the termination of the Employee Stock Option Scheme, 2017.
Board Meeting Outcome: Financials and Management Changes
The Board of Directors of Prince Pipes and Fittings Limited convened on Tuesday, November 03, 2026, to discuss and approve key company matters. A primary outcome of the meeting was the consideration and approval of the unaudited financial results for the quarter and half-year ended September 30, 2026. These results, along with the Statutory Auditor’s Limited Review Report, have been formally enclosed as Annexure A.
Senior Management Appointments and Retirements
In a significant move for senior leadership, the Board approved the appointment of Mr. Rajat Mishra as the new Chief Business Officer and Senior Management Personnel. This appointment is effective from November 03, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Mishra brings extensive commercial leadership experience across various sectors including Building Materials, Adhesives, FMCG, and Telecom.
The Board also acknowledged the impending retirement of Mr. Ashok Mehra, who currently serves as President – Chief Marketing Officer and Senior Management Personnel. Mr. Mehra will retire from the company’s services at the close of business hours on November 16, 2026. The company expressed its appreciation for his valuable contributions. Mr. Mehra will work closely with Mr. Mishra to ensure a smooth transition of responsibilities.
Employee Stock Option Scheme Termination
Further to the board’s deliberations, the termination of the Employee Stock Option Scheme, 2017 (^{“ESOP Scheme 2017”}) was approved. This termination is effective immediately and is in accordance with the provisions of the Scheme that authorize the Board to undertake such actions.
The Board meeting commenced at 11:30 A.M. and concluded at 1:05 P.M. The company has uploaded this intimation on its website, www.princepipes.com.
Source: BSE
