Hi-Tech Pipes Limited Announces FY26 Audited Results, Appoints New Auditors, and Plans Promoter Warrant Issuance
Hi-Tech Pipes Limited announced the outcomes of its Board of Directors meeting held on May 28, 2026. The board considered and recommended the audited financial results for the Quarter and Financial Year ended March 31, 2026. The company also announced several key corporate decisions, including the appointment of new auditors and the proposal for issuing fully convertible warrants to its Promoter Group.Financial Results for FY26
The company released its audited financial statements for the year ended March 31, 2026.The Consolidated financial results provided a snapshot of the Group's performance:
| Particulars | Quarter Ended (Un-Audited) 31-Mar-26 | Year Ended (Audited) 31-Mar-26 |
|---|---|---|
| Net Revenue from Operations | 148,035.89 Lacs | 420,007.42 Lacs |
| Total Income | 148,061.34 Lacs | 420,266.00 Lacs |
| Total Expenses | 145,739.09 Lacs | 410,119.29 Lacs |
| Profit for the period / year after Tax | 1,759.87 Lacs | 7,616.05 Lacs |
| Total Comprehensive Income | 1,801.85 Lacs | 7,658.04 Lacs |
For the Standalone entity, the total income for the year ended March 31, 2026, was 344,464.34 Lacs, resulting in a Profit after Tax of 6,416.21 Lacs and Total Comprehensive Income of 6,451.95 Lacs.
Corporate Actions and Appointments
Warrant IssuanceThe board approved the issuance of 90,00,000 Fully Convertible Equity Warrants to the Promoter Group. Each warrant carries the right to subscribe to one equity share. The exercise price is set at Rs. 100 per share, or a higher price determined under relevant regulations, subject to the approval of shareholders via postal ballot.
Auditor Appointments
The board also approved the following appointments for the Financial Year 2026-27:
- M/s S. Shekhar & Co., Cost Accountants, were appointed as the Cost Auditors.
- M/s BAS & Co. LLP, Chartered Accountants, were appointed as the Internal Auditors.
Additionally, M/s NSP & Associates, Practicing Company Secretary, were appointed as the Scrutinizer to conduct the Postal Ballot voting process. The board fixed Friday, May 22, 2026, as the Cut Off date for the dispatch of the Postal Ballot Notice.
Operational Updates
On March 31, 2026, Hi-Tech Pipes Limited successfully acquired 100% shareholding of Sain Software Systems Private Limited. The financial results of Sain Software Systems Private Limited have been incorporated into the consolidated financial statements for FY26.Financial Position Summary (March 31, 2026)
The Company's consolidated financial statements as of March 31, 2026, showed the following key figures (in Lacs):| Particulars | Amount (Rs. Lacs) |
|---|---|
| Total Assets | 179,089.54 |
| Total Equity | 125,128.79 |
| Total Liabilities | 53,960.76 |
The Standalone assets and liabilities showed a total of 179,089.54 in assets and 158,949.77 in liabilities.
HITECH Stock Price Movement
On Wednesday, Hi-Tech Pipes Limited shares slipped by 0.16% to settle at ₹95.16, marking a decline of ₹0.15 from the previous close. The equity saw a total traded volume of 1.11 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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