PRAKASH PIPES : INVESTS ₹1.30 CR IN SOLAR SPV ☀️

• 🌞 Company has been allotted 1.30 crore equity shares in BECIS Solar 3 Pvt Ltd through a rights issue • 💰 Total investment made stands at ₹1.30 crore • 📅 Shares were allotted on 9 June 2026 • ⚡ Investment is linked to the development and construction of a solar power project for supplying electricity to Prakash Pipes • 📊 Company continues to hold 26% stake in BECIS Solar 3, in line with Electricity Rules, 2005 requirements 🟢 Impact: Positive (Strengthens renewable energy sourcing strategy and could help reduce long-term power costs.)

PRAKASH PIPES LIMITED

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