Prakash Pipes Limited announced the outcome of its Board Meeting held on December 18, 2025. The Board approved the payment of an interim dividend of 10% per equity share of ₹10 each. The record date for determining shareholder entitlement has been fixed as December 24, 2025. In a significant strategic move, the company will acquire a 26% equity share capital in BECIS Solar 3 Private Limited (BECIS), a newly incorporated Special Purpose Vehicle (SPV) established on May 5, 2025. This acquisition is a regulatory requirement under the Electricity Rules, 2005, and will be accompanied by a long-term Power Purchase Agreement (PPA) with BECIS. The purpose is to develop and construct a 3.6 MW Solar Power Project to supply power to Prakash Pipes Limited, aiming to lower energy costs and promote renewable energy usage at its manufacturing unit in Kashipur, Uttarakhand. The acquisition cost is ₹1.21 Crores, and it is expected to be completed within 120 days of agreement execution. BECIS has no prior turnover as it is yet to commence business. Furthermore, Prakash Pipes Limited will provide an inter-corporate loan of ₹75 Crores to Prakash Industries Limited (PIL), a promoter group entity. This loan is intended to meet PIL's general corporate purposes and working capital requirements. The loan will carry an interest rate of 12% per annum, have a tenure of up to three years (extendable by mutual consent), and be repayable on demand. It will be unsecured and will not confer any special rights. This transaction is considered a related party transaction but is being undertaken on an arm's length basis. The Board Meeting commenced at 10:30 AM and concluded at 11:05 AM.