Hariom Pipe Industries Limited has announced an investment of ₹10,00,00,040 (Rupees Ten Crore and Forty Only) in its subsidiary, Hariom Power and Energy Private Limited (HPEPL). This investment was made through the subscription of equity shares on a preferential/private placement basis. HPEPL, incorporated on March 19, 2025, is focused on developing and operating a 60 MW solar power plant project. The investment is intended to strengthen HPEPL's capital base and liquidity position for project completion. The shares were acquired at a face value of ₹10 each with a premium of ₹130 per share. Following this investment, Hariom Pipe Industries Limited will hold 78.70% of the shareholding in HPEPL. The transaction, which falls within related party transactions as HPEPL is a subsidiary, has been undertaken on an arm's length basis based on an independent valuation report. The Board of Directors of HPEPL approved the allotment of equity shares on May 07, 2026.
