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 subject to the approval of the Company's Members. Additionally, the Board considered and approved the enhancement of limits under Section 186 of the Companies Act, 2013, related to loans, guarantees, securities, and investments, also requiring member approval. Material Related Party Transactions under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI (LODR) Regulation, 2015, were reviewed and approved based on the Audit Committee's recommendation, pending member approval. The Board also approved the issuance of a Notice of Postal Ballot to obtain consent from the Members. Friday, February 27, 2026, was set as the cutoff date for sending the postal ballot notice to shareholders and for entitlement of e-voting. The Board Meeting commenced at 4:00 pm (IST) and concluded at 04:45 pm (IST). Mr. Gankidi, M.Sc. (A G) qualified and CAIIB, brings over 37 years of banking experience, including top management roles at Canara Bank.
