Hariom Pipe Industries Limited announced the outcome of its Board Meeting held on March 02, 2026. The Board approved the re-appointment of Mr. Rajender Reddy Gankidi as a Non-Executive Independent Director for a second term of five consecutive years, commencing from May 15, 2026. This re-appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the Company's Members. Additionally, the Board approved the enhancement of limits under Section 186 of the Companies Act, 2013, for loans, guarantees, securities, and investments, also subject to shareholder approval. A material related party transaction, requiring approval from the Audit Committee and Members, was also considered and approved. The company will issue a Notice of Postal Ballot to obtain consent from its Members. Friday, February 27th, 2026, was set as the cutoff date for sending the postal ballot notice and for determining entitlement to e-voting. The Board Meeting commenced at 4:00 pm IST and concluded at 4:45 pm IST.
