Hariom Pipe Industries Invests Rs.10,00,00,040/- in Renewable Energy Subsidiary via Equity Subscription

Hariom Pipe Industries Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has made an investment of Rs.10,00,00,040/- (Rupees Ten Crore and Forty Only) in its subsidiary, Hariom Power and Energy Private Limited (HPEPL), by subscribing to equity shares through a preferential/private placement basis. The investment was effected following the allotment of equity shares approved by the Board of Directors of HPEPL on May 07, 2026, and has been made in compliance with the applicable provisions of the Companies Act, 2013.

Investment Details at a Glance

The key parameters of this equity subscription, as disclosed under Regulation 30 read with Schedule III of the SEBI LODR Regulations, are summarised below:

Parameter: Details Target Company: Hariom Power and Energy Private Limited (HPEPL) Investment Amount: Rs.10,00,00,040/- Nature of Consideration: Cash Transaction Share Face Value: Rs.10/- per share Premium per Share: Rs.130/- per share Number of Shares Acquired: 7,14,286 Equity Shares Post-Allotment Shareholding: 78.70% in HPEPL Date of Allotment Approval: May 07, 2026 Paid-up Share Capital of HPEPL (as at December 31, 2025): INR 11,86,92,440/-

About Hariom Power and Energy Private Limited

HPEPL was incorporated on March 19, 2025, and is a subsidiary of Hariom Pipe Industries Limited. The company operates in the Renewable Energy sector and is focused on developing and operating a 60 MW solar power plant project in Maharashtra under a long-term Power Purchase Agreement (PPA). The project is aimed at supporting green manufacturing initiatives in the region. As HPEPL was incorporated in March 2025, historical turnover data for the last three years is not applicable; the consolidated turnover (excluding turnover from Hariom Pipe Industries Limited) for the financial year ended March 31, 2025 (Audited) is NIL.

Related Party Transaction and Arm's Length Basis

The investment has been classified as a related party transaction, given that HPEPL is a subsidiary of Hariom Pipe Industries Limited. The company has confirmed that the transaction was undertaken on an arm's length basis, with equity shares subscribed based on an independent valuation report. The promoters and promoter group are noted to be interested in the transaction only to the extent of their shareholding in HPEPL. No governmental or regulatory approvals were required for this acquisition.

Strategic Rationale

The investment is intended to strengthen the capital base and liquidity position of HPEPL, facilitating the completion of its ongoing renewable energy project. The move aligns with the broader objective of supporting green energy generation through the development of the 60 MW solar power plant in Maharashtra, operating under a long-term Power Purchase Agreement.

Hariom pipe industries has notified stock exchanges regarding a revision in its credit ratings by CRISIL Ratings Limited. The company informed both the National Stock Exchange of India and BSE Limited about the rating changes for its banking facilities on April 15, 2026.

Credit Rating Revisions

CRISIL Ratings Limited has assigned revised ratings for the company's banking facilities, moving both categories to 'Watch Developing' status. The rating agency has updated its assessment of the company's creditworthiness across different facility types.

Bank Facility: Tenure: Previous Ratings: Latest Ratings: Fund Based: Long Term CRISIL A-/Stable CRISIL A-/Watch Developing Non-Fund Based: Short Term CRISIL A2+ CRISIL A2+/Watch Developing

The revision affects both long-term and short-term banking facilities. For fund-based long-term facilities, the rating has been changed from CRISIL A-/Stable to CRISIL A-/Watch Developing. Similarly, non-fund based short-term facilities have been revised from CRISIL A2+ to CRISIL A2+/Watch Developing.

Regulatory Compliance

The intimation was made pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework requires listed companies to promptly disclose material information, including credit rating changes, to ensure transparency for investors and market participants.

Company Secretary and Compliance Officer Rekha Singh communicated the rating revision to the listing departments of both stock exchanges. The notification was digitally signed and submitted on April 15, 2026, maintaining compliance with the prescribed disclosure timeline under SEBI regulations.

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