Dividend

Prakash Pipes announced an interim dividend of Rs. 1 per share (10% on face value). The record date for shareholder entitlement has been set for December 24. Additionally, the company will acquire 26% equity in BECIS Solar 3 Private Limited for Rs. 1.21 Cr.

This strategic move ensures long-term captive solar power supply, aiming to reduce energy costs and boost sustainability.

PPL also approved an inter-corporate loan of Rs. 75 Cr to promoter group entity Prakash Industries Limited for general corporate and working capital needs, bearing 12% interest.