Malpani Pipes and Fittings' board has approved the financial results for the half-year and full financial year, reporting a profit of 9.03 Cr for the latest financial year.

The board also approved acquiring 100% equity shares of Terex Industries Private Limited for 3.96 Cr.

This strategic acquisition is set to expand the company's product portfolio and market reach, leveraging Terex's expertise in manufacturing and trading plastic products and pipes.

Terex, with a recent turnover of 21.42 Cr, will become a wholly-owned subsidiary, aiming to unlock significant long-term value and enhance operational capabilities.