Hariom Pipe Industries Limited — Board Meeting, 06-03-2025: Outcome of Board Meeting

The Board of Hariom Pipe Industries Limited has approved several key measures. The object clause of the Memorandum of Association is being amended to include new business scopes, alongside the establishment of a wholly owned subsidiary focused on renewable energy projects. Additionally, the process for acquiring Ultra Pipes' operating assets has been adjusted to a 40-year lease instead of a purchase, aimed at enhancing cost efficiency and profitability. A postal ballot will also be issued to seek shareholder approval for these changes.