Prakash Pipes' board approved an interim dividend of Re 1 per equity share (10% on Rs 10 face value). A record date has been set to determine shareholder entitlement.

The company also approved acquiring a 26% stake in BECIS Solar 3 Pvt Ltd for Rs 1.21 Cr.

This strategic move ensures captive solar power, aiming to lower energy costs and boost sustainability for PPL.

Additionally, PPL will provide an inter-corporate loan of Rs 75 Cr to promoter group entity Prakash Industries Ltd. The unsecured loan carries a 12% annual interest for up to three years, supporting general corporate and working capital needs.