Prakash Pipes has informed that the Board of Directors of the Company, taking note of recommendation of Audit Committee, in its Meeting held on 18th December, 2025, considered and approved the following: Payment of interim dividend @ 10% per equity share of Rs. 10 each. The record date for the purpose of determining the entitlement of the shareholders has been fixed as Wednesday, 24th December, 2025; Took note of and approved, acquisition of 26% equity share capital of BECIS Solar 3 Private Limited (BECIS) as required under Electricity Rules, 2005 and simultaneously entering into Power Purchase Agreement with BECIS to develop and construct 3.6 MW Solar Power Project for supplying power to the Company on a long-term basis; Inter-corporate loan of Rs. 75 Crores to Prakash Industries Limited (PIL), a promoter group entity towards meeting its General Corporate purposes and working capital requirements.
The above information is a part of company’s filings submitted to BSE.
