Outcome of Board Meeting

PPFL/SE/2026-2027/043 November 03, 2026 BSE Limited National Stock Exchange of India Ltd. 25th Floor, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 542907 Scrip Symbol: PRINCEPIPE Dear Sir/Madam, Sub: Outcome of Board Meeting of the Company held on November 03, 2026 Pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you that the Board of Directors of the Company, at its meeting held on Tuesday, November 03, 2026, has, inter-alia, considered and approved the following: 1. Unaudited Financial Results Unaudited Financial Results (“Financial Results”) of the Company for the quarter and half year ended September 30, 2026. The Financial Results and the Statutory Auditor’s Limited Review Report thereon are enclosed as Annexure A. 2. Change in Senior Management Personnel a. Appointment of Mr. Rajat Mishra, Chief Business Officer Based on the recommendation of the Nomination and Remuneration Committee, the Board has approved the appointment of Mr. Rajat Mishra as Chief Business Officer and Senior Management Personnel of the Company with effect from November 03, 2026. b. Retirement of Mr. Ashok Mehra, President – Chief Marketing Officer Mr. Ashok Mehra, President – Chief Marketing Officer and Senior Management Personnel of the Company, will retire from the services of the Company with effect from the close of business hours on November 16, 2026. Mr. Ashok Mehra will continue in service until the aforesaid date and will work closely with Rajat Mishra to ensure an orderly and seamless transition of responsibilities. The Board placed on record its appreciation for the valuable contributions made by Mr. Ashok Mehra during his association with the Company. The information as required under Para A of Part A of Schedule III of the SEBI Listing Regulations read with the applicable SEBI circulars is enclosed as Annexure B. Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India. T: 022-6602 2222 F: 022-6602 2220 E: info@princepipes.com W: www.princepipes.com Regd. Off.: Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235. CIN: L26932DN1987PLC005837 Printed on 100% Recycled Paper ♻ 3. Termination of the Employee Stock Option Scheme, 2017 Termination of the Employee Stock Option Scheme, 2017 ("ESOP Scheme 2017") with immediate effect, in accordance with the provisions of the Scheme, which authorizes the Board to terminate the Scheme. The Meeting of the Board of Directors commenced at commenced at 11:30 A.M. and concluded at 1:05 P.M. This intimation is also being uploaded on the Company’s website at www.princepipes.com. Kindly take the above on record. Yours Faithfully, For Prince Pipes and Fittings Limited Jyoti Sancheti Company Secretary & Compliance Officer FCS: 9639 Encl. As above Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India. T: 022-6602 2222 F: 022-6602 2220 E: info@princepipes.com W: www.princepipes.com Regd. Off.: Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235. CIN: L26932DN1987PLC005837 Printed on 100% Recycled Paper ♻ Annexure A Digitally signed BHAVIN by BHAVIN SURENDRA SURENDRA KAPADIA KAPADIA Date: 2026.11.03 12:53:04 +05'30' ~PRINCE® Prince Pipes and Fittings Limited CIN NO: l26932DN1987PLC005837 Statement of Unaudited Financial Results for the Three Months Ended and Six Months Ended 30.09.2026 Rs in million Three Months Ended Six Months Ended Year Ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I INCOME a Revenue from Operations 8,208,14 6,094.18 5,945.74 14,302.31 11,749.90 25,983.32 b Other Income 31.19 40,00 16.17 71.19 43.58 108.85 Total Income 8,239.33 6,134.18 5,961.91 14,373.50 11,793.48 26,092.17 II EXPENSES a Cost of Materials Consumed 5,467.78 4,877.73 4,376.41 10,345.51 8,709.19 17,797.30 b Purchase of Stock-in-Trade 314.69 157.33 131-50 472.01 305.01 912.41 c Changes in Inventories of Finished Goads, Stock-in-Trade and Work-in-Progress 23.16 (1,007.98) (242.29) (984.82) (425.95) 234.74 d Employee Benefit Expense 548.80 509.06 449.19 1,057.87 861.69 1,841.79 e Finance Cost 16.56 32.38 44.84 48.94 96.86 96.23 f Depreciation and Amortization Expenses 354.50 350.20 324.76 704.70 632 23 1,310.81 g Other Expenses 848.75 786.50 679.83 1.635.25 U53.20 2,881.05 Total Expenses 7,574.24 5,705.21 S,764.25 13,279.46 11,532.23 25,074.33 Ill Profit/ (Loss) before exceptional items and tax (I -II) 665.09 428.96 197.66 1,094.04 261.25 1,017.84 IV Ta>e expense Current tax 171.43 123.82 40.40 295.25 50.26 216.96 Oefl!rredtax 2.50 (32,35) 11.92 (29.85) 17.45 49.57 (Excess) I Short Provision for tax adjustments in respect of earlier years (Net) 13.52 (0.99) 13-52 (0.991 (0.991 Total Tax Expense 187.45 91.47 51.33 71g,q7 fin.77 7n~.'>4 v Profit/ (Loss) for the period after tax (before exceptional items) (Ill -IV) 477.64 337.49 146.33 815.12 194.53 752.30 VI Exceptional Items (net of tax) (refer note 3) 20.48 VII ProOt/ (Loss) for the period after tax (alter exceptional items) (V -VI} 477.64 337.49 146.33 815.12 194.53 731.82 VIII Other Comprehensive Income • Items that will not be reclassified to Profit or Loss (4.33) 1.39 (4.ll} 1.39 5.49 b Income tax relating to items that will not be reclassified to profit or loss 1.09 (0.35) 1.09 (0.35) (1.38) Total Other Comprehensive Income (3.24) 1.04 (3.24) 1.04 4.11 Total Comprehensive Income/ (Loss) for the period (VII+ VIII) 474.40 337.49 14737 Bll.88 195.57 735.93 IX EQUITY Equity Share Capital 1,105.61 1,105.61 1,105.61 1,105.61 1,105.61 1,105.61 Otl>er Equity 15,339.47 x Earning per equity share in Rs. (Face Value per Share Rs 10 each] (Not Annualised] Basic (in Rs.) (excluding exceptional item) 4.32 3.05 1.32 7.37 1.76 6,80 R;1c;ir (in Rc:: J (inrh1rling Pvr-Prtinn::3I itam} 1.i12 3.05 1.32 7.J7 1.7C c.c~ Diluted (in R,.) (excluding exceptional item) 4.32 3.05 1.32 7.37 1.76 6.80 n1111rrrl fin R~ I linrlurtine l'm•pri.,n•111Pm} 'n~ lil ).i7 l.7i i.iJ Notes: The above results were reviewed by Audit Committee and approved by the Board of Directors at their respective meetings held on 03.11.2026 and have been reviewed by the Statutory Auditors of the Company. The above Statement has been prepared in accordance with the guidelines issued by the Securities and Exchange Board of India ("SEBI") and the Indian Accounting Standards jlND AS) prescribed under Section 133 of The Companies Act, 2013. 2 Effective November 21, 2025, the Government of India has consolidated multiple existing labour legislations into a unified framework comprising four labour codes collectively referred to as "The New Labour Code". This has resulted in estimated increase in provision for employee benefits of the Company amounting to Rs 20.48 million (net of tax} presented under Exceptional Items for the year ended 31.03.2026. The Company will re-evaluate the impact of these Labour Codes upon notification of the rules, corresponding State level regulations and further clarification/guidance in the matter and impact whereof, if any, will be recognised thereafter 3 The Company is primarily engaged in manufacturing and selling of Pipes, Fittings and allied products in India. It comprises of Pipes and Fittings, Bathware sanitary and Faucet and allied products, 4 The figures for the previous periods have been regrouped wherever necessary. For and on behalf of the Board Jayant 5. Chheda Mumbai Chairman and Managing Director Date : 03.11.2026 (DIN No: 00013206) PRINCE PIPES AND FITTINGS LIMITED Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg {Tulsi Pipe Rood), Dadar (W), Mumbai [Showing first 8,000 characters — download PDF for full document]