Prakash Pipes Limited — Important, 18-12-2025: Disclosure of material issue

Prakash Pipes Limited (#PPL) Board met and made key announcements:

1. **Interim Dividend:** An interim dividend of 10% (Rs. 1 per equity share on a face value of Rs. 10) has been approved. The record date for this dividend is Wednesday, 24th December, 2025.

2. **Solar Power Project:** To enhance energy efficiency and reduce costs, PPL will acquire a 26% equity stake in BECIS Solar 3 Private Limited for Rs. 1.21 Cr. This move will facilitate a 3.6 MW solar power project to supply electricity to PPL's Kashipur manufacturing unit on a long-term basis at preferential tariffs, lowering overall energy expenses and promoting clean energy use.

3. **Loan to Promoter Group Entity:** The company has sanctioned an inter-corporate loan of Rs. 75 Cr to Prakash Industries Limited (PIL), a promoter group entity. This unsecured loan, intended for PIL's general corporate and working capital requirements, will carry an annual interest rate of 12% and has a tenure of up to three years, repayable on demand.