Date: September 24, 2024
To,
Listing Department Corporate Relationship Department
The National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra East, Mumbai – 400051 Dalal Street, Mumbai - 400 001
NSE Symbol – HARIOMPIPE BSE Scrip Code- 543517
Dear Sir/Madam,
Subject: Outcome of the Board Meeting of Hariom Pipe Industries Limited (“Company”) held
today i.e. September 24, 2024:
This is in continuation of our letter dated September 19, 2024. In terms of Regulation 30 and other
applicable provision of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended, read with the related circulars and
notifications, we wish to inform you that the following matters were inter alia considered and
approved by the Board of Directors of the Company in its meeting held today, i.e., September 24,
2024:
a) Increase in Authorised Share Capital from Rs. 40,00,00,000/- (Rupees Forty Crores only) divided
into 3,66,83,800 (Three Crore Sixty Six Lakhs Eighty Three Thousand and Eight Hundred Only)
Equity Shares of Rs. 10/- (Rupees Ten Only) each and 33,16,200 (Thirty Three Lakhs Sixteen
Thousand and Two Hundred Only) 0% Series A redeemable Non Cumulative Preference Shares
of Rs. 10/- (Rupees Ten only) each to Rs. 50,00,00,000/- (Rupees Fifty Crores only) divided into
4,66,83,800 (Four Crore Sixty Six Lakhs Eighty Three Thousand and Eight Hundred Only) Equity
Shares of Rs. 10/- (Rupees Ten Only) each and 33,16,200 (Thirty Three Lakhs Sixteen Thousand
and Two Hundred Only) 0% Series A redeemable Non Cumulative Preference Shares of Rs. 10/-
(Rupees Ten only) each and corresponding amendments to the Clause V of the Memorandum of
Association of the Company subject to approval by the members. The details pursuant to
Regulation 30 read with Schedule-III of the Listing Regulations and SEBI Circular No.CIR/
CFD/CMD/4/2015 dated 9th September, 2015 is enclosed herewith as Annexure A.
b) Raising of funds through issuance of equity shares or any other eligible securities by way of one
or more public and/or private offerings including by way of a qualified institutions placement
for an amount not exceeding ₹ 70,000 lakhs in terms of the Securities and Exchange Board of
India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI
ICDR Regulations”) and/or any other permissible mode(s), in accordance with the SEBI ICDR
Regulations and other applicable regulations, subject to necessary approvals including the
approval of the members of the Company and such other regulatory/ statutory approvals as may
be required. The details, as required to be disclosed under Regulation 30 read with SEBI circular
no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are also enclosed as
Annexure B.
c) The alteration of the terms of reference and renaming of the existing Banking Committee into the
Fund Raising Committee of the Board of Directors of the Company for dealing with all matters
pertaining to the proposed fund raising; and
d) Issuance of Postal Ballot Notice for seeking approval of the shareholders with respect to the
increase in the Authorized Capital and proposed fund raising.
The meeting of the Board of Directors commenced at 3:00 P.M and concluded at 5:25 P.M.
This intimation is also available on the website of the Company at www.hariompipes.com.
Kindly take the above information on record.
Thanking You,
Yours faithfully,
For Hariom Pipe Industries Limited
REKHA Digitally signed by
REKHA SINGH
SINGH Date: 2024.09.24
17:31:10 +05'30'
Rekha Singh
Company Secretary
M. No.: A33986
Encl.: As above
Annexure - A
Brief Details of amendment to Memorandum of Association:
Amendment to the Authorised Share Capital (Clause V of the Memorandum of Association of the
Company)
“V. The Authorised Share Capital of the Company is Rs. 50,00,00,000/- (Rupees Fifty Crores only)
divided into 4,66,83,800 (Four Crore Sixty Six Lakhs Eighty Three Thousand and Eight Hundred
Only) Equity Shares of Rs. 10/- (Rupees Ten Only) each and 33,16,200 (Thirty Three Lakhs Sixteen
Thousand and Two Hundred Only) 0% Series A redeemable Non Cumulative Preference Shares of
Rs. 10/- (Rupees Ten only) each.”
REKHA Digitally signed
by REKHA SINGH
SINGH Date: 2024.09.24
17:32:43 +05'30'
Annexure - B
The details as required to be disclosed under Regulation 30 read with SEBI circular no.
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:
Sr. No. Particulars Details
1. Type of securities proposed to be Equity Shares and/or other eligible securities
issued (viz., equity shares, convertible into equity shares (hereinafter
convertibles, etc. referred to as “Securities”) or any combination
thereof, in accordance with applicable law, in one
or more tranches.
2. Type of issuance (further public Qualified institutions placements (“QIP”) in
offering, rights issue, depository accordance with the provisions of Chapter VI of
receipts (ADR / GDR), qualified the Securities and Exchange Board of India (Issue
institutions placement, preferential of Capital and Disclosure Requirements)
allotment etc.) Regulations, 2018, Section 42 and other
applicable provisions of the Companies Act, 2013,
the Companies (Prospectus and Allotment of
Securities) Rules, 2014 and other applicable laws,
or through any other permissible mode and/or
combination thereof as may be considered
appropriate under applicable law.
3. Total number of securities proposed Up to an aggregate amount not exceeding ₹
to be issued or the total amount for 70,000 lakhs or an equivalent amount thereof
which the securities will be issued (inclusive of such premium as may be fixed on
(approximately) such Securities) at such price or prices as may be
permissible under applicable law.
4. In case of preferential issue the listed Not Applicable
entity shall disclose the following
additional details to the stock
exchange(s)
5. In case of bonus issue the listed entity Not Applicable
Shall disclose the following additional
details to the stock exchange(s)
6. In case of issuance of depository Not Applicable
receipts (ADR/GDR) or FCCB the
listed entity shall disclose following
additional details to the stock
exchange(s)
7. In case of issuance of debt securities Not applicable
or other non-convertible securities the
listed entity shall disclose following
additional details to the stock
exchange(s)
8. Any cancellation or termination of Not Applicable
Proposal for issuance of securities
including reasons thereof
REKHA Digitally signed
by REKHA SINGH
SINGH Date: 2024.09.24
17:32:57 +05'30'
