The Board of Directors of Hariom Pipe Industries Limited, in their meeting held on May 21, 2026, has approved several key strategic initiatives. The company plans to issue up to 15,00,000 warrants convertible into equity shares on a preferential basis to persons belonging to the promoter category, at an issue price of Rs. 343 per warrant, aggregating to Rs. 51.45 Crores. Furthermore, the Board approved the alteration of the Articles of Association (AOA) to facilitate capital structure adjustments and the potential conversion of debt into equity or other capital in the event of default. To seek shareholder approval for these measures and other business matters, the company has convened an Extra-Ordinary General Meeting (EGM) scheduled for June 16, 2026, to be held via video conferencing.

Hariom Pipe Industries Limited is a Hyderabad-based integrated manufacturer of mild steel (MS) pipes, scaffolding, HR strips, MS billets, and sponge iron. Established in 2007, the company caters to diverse sectors including infrastructure, agriculture, automotive, and power through an extensive distribution network across southern and western India. During 2025, the company pursued an aggressive growth strategy, targeting a 30% Compound Annual Growth Rate (CAGR) in sales volume. Notable updates from 2025 include a significant 35% year-over-year revenue growth reported in the first quarter, alongside temporary operational shutdowns for technological upgrades to enhance efficiency at its Unit I plant. Furthermore, the company expanded its footprint by incorporating Hariom Power and Energy Private Limited as a wholly owned subsidiary in March 2025.