Notice of the 39th Annual General Meeting & Annual Report for the year 2025-26

PPFL/SE/2026-2027/026 August 24, 2026 BSE Limited National Stock Exchange of India Limited 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: Notice of the 39th Annual General Meeting & Annual Report for the year 2025-26. Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Notice along with Explanatory Statement of the Thirty Ninth Annual General Meeting ("AGM") of the Members of the Company will be held on Wednesday, September 16, 2026, at 11:30 A.M (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in accordance with relevant circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). The Notice including the Audited Financial Statements for the year ended March 31, 2026 ("Annual Report"), being sent by email to those Members whose email addresses are registered with the Company/Depository Participant(s). The requirements of sending physical copy of the Notice of the AGM and Annual Report to the Members have been dispensed with vide MCA Circular/s and applicable SEBI Circular and Regulations. The Notice of the AGM and the Integrated Annual Report are also being uploaded on the website of the Company at https://www.princepipes.com/general-meeting. The cut-off date for reckoning voting of the members is Wednesday, September 09, 2026. The remote e- voting will be available from Sunday, September 13, 2026 (at 9:00 A.M. IST) and ends on Tuesday, September 15, 2026 (at 5:00 P.M. IST). Voting at AGM will also be available through e-voting. Kindly take the same on record. Thanking you, 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 ♻ INDIA KI PRAGATI KA TAJ Driven by trust. Built on sustainability. Committed to progress. ANNUAL REPORT 2025-26 INDIA KI PRAGATI KA TAJ Progress is not measured merely by milestones achieved, but by the foundations laid for generations to come. Every home built, every city expanded, every industry strengthened, and every community connected contributes to the story of a nation on the move. At Prince Pipes, we take pride in being an integral part of this journey. For over four decades, our purpose has extended beyond manufacturing pipes and water management solutions. We have worked to create the infrastructure that enables growth, supports aspirations, and improves everyday lives. From homes and commercial spaces to large-scale infrastructure and agricultural landscapes, our products have helped build the networks that power India's development. Guided by our values of Ambition, Innovation, and Trust, we continue to invest in technology, sustainability, operational excellence, and customer-centric solutions that strengthen our contribution to the nation's progress. The year gone by has been another step forward in our journey of creating long-term value for all stakeholders. Through resilient performance, strategic expansion, responsible business practices, and an unwavering commitment to quality, we have reinforced our position as a trusted partner in India's growth story. As India advances towards a future of greater opportunity and sustainable development, Prince Pipes remains committed to building the infrastructure that supports this transformation. Because we believe that every connection we create contributes to a stronger, smarter, and more resilient nation. As India grows, we grow with it. As India progresses, we help shape that progress. Prince Pipes – India Ki Pragati Ka Taj. Company Overview Statutory Report Financial Report Manufacturing Plants Bhuj - Gujarat (Bathware) Begusarai - Bihar (Pipes & Fittings) Sangareddy - Telangana Jobner - Rajasthan (Pipes & Water Tanks) (Pipes, Fittings & Water Tank) Chennai - Tamil Nadu (Pipes) Kolhapur - Maharashtra (Pipes) Haridwar - Uttarakhand Dadra - Silvassa (Pipes & Water Tanks) (Pipes, Fittings & Water Tanks) Athal - Silvassa (Fittings) Prince Pipes and Fittings Limited C O N T E N T S Corporate Information 03 Company at a Glance 04 Awards & Certifications 05 Product Launches 06 Marketing Initiatives 07 Festive Branding 08 Exhibition 09 Moments That Matter 10 CSR Initiatives 12 Technology as a Business Enabler 14 Chairman’s Message 16 Financial Highlights 18 Board of Directors 19 Management Discussion and Analysis 20 Board's Report 29 Corporate Governance Report 37 Business Responsibility & Sustainability Report (BRSR) 68 Independent Auditors’ Report with Financial Statements 104 Notice of 39th AGM 172 Annual Report 2025-26 Company Overview Statutory Report Financial Report C O R P O R A T E I N F O R M A T I O N Mr. Jayant S. Chheda Mr. Parag J. Chheda Mr. Vipul J. Chheda Chairman and Joint Managing Executive Director Managing Director Director Mr. Rajendra Gogri Mrs. Amisha Vora Mr. Ankur Bansal Independent Director Independent Director Independent Director Chief Financial Officer Corporate Office Mr. Anand Gupta 8th Floor, The Ruby, Senapati Bapat Marg (Tulsi Pipe Road), Dadar West, Mumbai 400 028. Company Secretary and Compliance Officer Tel: 022-66022222. Ms. Jyoti Sancheti W: www.princepipes.com E: investor@princepipes.com Statutory Auditors M/s. N.A. Shah Associates LLP, Chartered Accountants Audit Committee Mrs. Amisha Vora, Chairman Internal Auditors Mr. Parag J. Chheda M/s. Mahajan & Aibara, LLP Chartered Accountants Mr. Rajendra Gogri Mr. Ankur Bansal Secretarial Auditors M/s. Sanjay Dholakia & Associates, Company Secretaries Nomination and Remuneration Committee Mr. Rajendra Gogri, Chairman Bankers Mrs. Amisha Vora ICICI Bank Limited Mr. Ankur Bansal DBS Bank India Limited The Federal Bank Limited Corporate Social Responsibility Committee Axis Bank Limited Mr. Jayant S. Chheda, Chairman Qatar National Bank Mr. Parag J. Chheda HDFC Bank Limited Mrs. Amisha Vora Mr. Ankur Bansal Registrars & Share Transfer Agents MUFG Intime India Private Limited Stakeholders’ Relationship Committee C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Mr. Ankur Bansal, Chairman Vikhroli (West), Mumbai 400 083, India Mr. Parag J. Chheda Mr. Vipul J. Chheda Registered Office Survey No. 132/1/1/3, Athal Road, Risk Management Committee Village Athal, Naroli, Silvassa, Mr. Ankur Bansal, Chairman Dadra Nagar Haveli - 396235 Mr. Parag J. Chheda Mrs. Amisha Vora Mr. Anand Gupta Prince Pipes and Fittings Limited Total installed capacity 7 warehouses Strategically located Approx 4,35,222 for efficient 9 manufacturing supply & timely service MTPA plants Pan India distribution 2234 Incorporated 1,500+ channel Employees in 1987 partners COMPANY AT A GLANCE Amongst top Largest range Our company is one of India's largest 5 processors of SKUs - integrated providers of piping 7,200+ SKUs in piping industry solutions, water tanks, and bathware, marketing its products under three renowned brands - Prince, Trubore, and Aquel. Strong legacy Comprehensive First mover in of more than product portfolio north India 3 decades polymers across Market Cap of Technical collaboration with Diverse `2276 Cr. (As on reputed international end-use applications Mar 31st, 2026) players Annual Report 2025-26 Company Overview Statutory Report Financial Report AWARDS & CERTIFICATIONS GreenPro Certification Building a greener future through certified products that respect people and the planet. GRIHA Certification Empowering sustainable construction through products [Showing first 8,000 characters — download PDF for full document]